Trend Trader: Popular Stocks (TA&FA) is an AI trading robot that uses both technical and fundamental analysis to identify profitable trades. According to Tickeron's robot factory, this AI trading robot was a top performer over a week, generating 4.50% for FANG (Facebook, Amazon, Netflix, Google).
However, on May 02, 2023, FANG's stock price moved below its 50-day moving average, which is a bearish signal and indicates a change from an upward trend to a downward trend. Based on historical data, in 34 of 40 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are therefore estimated at 85%.
As an AI trading robot, Trend Trader: Popular Stocks (TA&FA) uses technical analysis to identify trends and patterns in the market. Its algorithm is based on the idea that historical price and volume data can be used to predict future market movements. In the case of FANG, the robot may have identified the bearish signal and taken a short position, which would have resulted in a profit as the stock price decreased.
However, it is important to note that fundamental factors also play a significant role in the stock market. On May 01, FANG reported earnings per share of $4.10, which missed the estimate of $4.35. With 2.23 million shares outstanding, the current market capitalization sits at $23.12 billion.
This disappointing earnings report may have contributed to the downward trend in FANG's stock price. As an AI trading robot, Trend Trader: Popular Stocks (TA&FA) also takes fundamental factors into account when making trading decisions. It is possible that the robot identified the missed earnings estimate as a negative factor and took a short position in the stock.
The 50-day moving average for FANG moved below the 200-day moving average on May 15, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
FANG moved below its 50-day moving average on May 25, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for FANG crossed bearishly below the 50-day moving average on May 04, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 20 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FANG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for FANG entered a downward trend on May 25, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where FANG's RSI Oscillator exited the oversold zone, of 24 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on June 09, 2023. You may want to consider a long position or call options on FANG as a result. In of 92 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for FANG just turned positive on May 22, 2023. Looking at past instances where FANG's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FANG advanced for three days, in of 328 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued 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 (1.562) is normal, around the industry mean (6.212). P/E Ratio (5.525) is within average values for comparable stocks, (15.992). Projected Growth (PEG Ratio) (1.684) is also within normal values, averaging (55.870). Dividend Yield (0.068) settles around the average of (0.091) among similar stocks. P/S Ratio (2.586) is also within normal values, averaging (153.178).
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 Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. FANG’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. FANG’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock better than average.
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 average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a company which develops, explores & exploits unconventional, onshore oil and natural gas reserves
A.I.dvisor indicates that over the last year, FANG has been closely correlated with MRO. These tickers have moved in lockstep 92% of the time. This A.I.-generated data suggests there is a high statistical probability that if FANG jumps, then MRO could also see price increases.
|MRO - FANG|
|EOG - FANG|
|HES - FANG|
|OVV - FANG|
|DVN - FANG|