TTD Reaps Rewards as AI Trading Robot Shines with 4.01% Growth
AI trading robot, developed by Day Trader: High Volatility Stocks for Active Trading (TA&FA), has recently caught the attention of investors. In Tickeron's robot factory, this trading robot emerged as a top performer over the course of a week, generating an impressive 4.01% return for TTD. This article will delve into the technical analysis of TTD's stock and explore the implications of its recent earnings report.
Positive MACD Signals Bullish Trend: On May 17, 2023, the Moving Average Convergence Divergence (MACD) indicator for TTD turned positive. This occurrence has historically signaled a continuation of an upward trend in the stock's price. In fact, analyzing past instances where TTD's MACD turned positive, it was found that the stock continued to rise in 43 out of 47 cases over the subsequent month. These statistics suggest that there is a high likelihood, around 90%, of TTD experiencing a continued upward trend.
Impressive Earnings Report: The latest earnings report, released on May 10, revealed earnings per share (EPS) of 23 cents for TTD, surpassing the estimated 12 cents. This positive earnings surprise is a promising sign for investors. Furthermore, considering the current market capitalization of TTD, which stands at 33.50 billion, and the number of shares outstanding (415.19K), the company's financial health seems robust.
Conclusion: Based on the technical analysis and earnings results, TTD shows promising indicators for future growth. The AI trading robot from Day Trader: High Volatility Stocks for Active Trading (TA&FA) has proven its worth by delivering impressive returns over a week. The positive MACD signal further strengthens the case for a continued upward trend in TTD's stock price, with historical data indicating a 90% chance of such a scenario. Additionally, the company's recent earnings report, which surpassed expectations, reflects strong financial performance. As always, investors should conduct thorough research and consider various factors before making any investment decisions. However, TTD appears to be a stock worth watching closely in the coming weeks.
Aroon Indicator for TTD shows an upward move is likely
TTD's Aroon Indicator triggered a bullish signal on October 23, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 242 similar instances where the Aroon Indicator showed a similar pattern. In of the 242 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TTD advanced for three days, in of 361 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for TTD moved out of overbought territory on October 23, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 44 similar instances where the indicator moved out of overbought territory. In of the 44 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 70 cases where TTD's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for TTD turned negative on October 23, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TTD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
TTD broke above its upper Bollinger Band on October 11, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. TTD’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (19.724) is normal, around the industry mean (30.698). P/E Ratio (242.500) is within average values for comparable stocks, (161.895). Projected Growth (PEG Ratio) (3.449) is also within normal values, averaging (2.738). Dividend Yield (0.000) settles around the average of (0.083) among similar stocks. P/S Ratio (22.422) is also within normal values, averaging (55.771).
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