Robotics and artificial intelligence (AI) are two topics that are on the minds of many investors due to the segment's projected ability to disrupt how business is conducted in the future. In this article, we'll take a look at three chart patterns from across the sector that suggest the bulls are stepping in and that prices are poised to break higher from here.
Exchange-traded products are the vehicle of choice for active traders looking to gauge the short-term direction of any given niche. When it comes to robotics and artificial intelligence, the most popular fund is the Global X Robotics and Artificial Intelligence Thematic ETF (BOTZ), which comprises 37 holdings spanning industrial robotics, automation, semiconductors, and autonomous vehicles.
Taking a look at the chart below, you can see that the price of the fund has trended toward the long-term support of its 200-day moving average. The price action over the past several months suggests that the sector is undergoing a period of consolidation, and the move above the support levels suggests that a major reversal is underway. Based on the pattern, active traders will most likely set their stop-loss orders below $19.38 in case of a sudden sell-off and in an attempt to maximize the risk-to-reward setup.
When it comes to machine learning, artificial intelligence, and related subsectors, the company that is nearly impossible to ignore is NVIDIA Corporation (NVDA). Taking a look at the chart below, you'll notice that the stock has been trading within a period of consolidation during 2019 and looks well positioned to start a long-term move higher. The recent bullish crossover between the 50-day and 200-day moving averages is known as the golden crossover and is commonly used by active traders to mark the start of major uptrends. From a risk-management perspective, stop-loss orders will most likely be placed below $161.49 in case of a shift in sentiment and to take advantage of the lucrative risk-to-reward setup.
Another top holding of the BOTZ ETF that could be worth a closer look is ABB Ltd. (ABB), which is currently trading at the mid-point of a well-defined range. As you can see from the chart below, the price has recently bounced off of a major level of resistance and has found support near the 200-day moving average. Recent strength has triggered a bullish crossover between the moving averages, which suggests that the bulls are in control of the momentum and that prices could be poised to move toward the September highs and eventually beyond.
Robotics and artificial intelligence are lucrative fields to be sure and therefore deserve a position in almost any portfolio. Based on the patterns discussed above, it appears as though now could be an ideal time to buy.
At the time of writing, Casey Murphy did not own a position in any of the assets mentioned.
The rest is here:
Charts Look Positive for Robotics and AI Stocks - Investopedia
- Gene Haas Foundation Partner Hosts FIRST Robotics District Competitions - Kettering University - May 5th, 2024 [May 5th, 2024]
- NASA Showcases Innovations at the 2024 FIRST Robotics World Championships - NASA - May 5th, 2024 [May 5th, 2024]
- Robots are invading the San Carlos Branch Library - San Diego Community Newspaper Group - May 5th, 2024 [May 5th, 2024]
- Wyoming-Based Company Makes High-Tech Robots To Go Where Humans Don't Want To - Cowboy State Daily - May 5th, 2024 [May 5th, 2024]
- Anzu Robotics launches U.S.-based clone of DJI Mavic 3 - Robot Report - May 5th, 2024 [May 5th, 2024]
- Carnegie Mellon University's Robotics Institute begins developing drones to fight wildfires - CBS Pittsburgh - May 5th, 2024 [May 5th, 2024]
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- Hopkinton teams advance to Robotics World Championships - Hopkinton Independent - May 5th, 2024 [May 5th, 2024]
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- PropStream-Sponsored Robotics Team Places in Competition - RisMedia.com - May 5th, 2024 [May 5th, 2024]
- Bellefontaine Robotics Team Travels to World Championship Peak of Ohio - peakofohio.com - May 5th, 2024 [May 5th, 2024]
- ASL Aviation Holdings Inks Deal with Reliable Robotics for 30 Aircraft Autonomy Systems - Business Wire - May 5th, 2024 [May 5th, 2024]
- Global Nano Robotics Market Projected to Surge to US$ 19.86 Billion by 2032: Healthcare Trends Catalyzing Nano ... - GlobeNewswire - May 5th, 2024 [May 5th, 2024]
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- Robosen Robotics Teams Up with Hasbro to Debut the Worlds First Auto-Converting Decepticon Megatron! - aNb Media - May 5th, 2024 [May 5th, 2024]
- John P. Stevens Robotics Team Wins Excellence in Technology at Innovators Awards - TAPinto.net - May 5th, 2024 [May 5th, 2024]
- Nala Robotics and Re-Up partner to develop AI-powered robotic chef - Robotics and Automation News - May 5th, 2024 [May 5th, 2024]
- LCSD1 to Host Final Robotics Competition of the School Year Tomorrow - The Cheyenne Post - May 5th, 2024 [May 5th, 2024]
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- Trine's armored robot finishes 4th in national combat - Trine University - May 5th, 2024 [May 5th, 2024]
- Female robotics founders discuss their journeys in the industry - Robot Report - May 5th, 2024 [May 5th, 2024]
- Hanwha Robotics, B-Robotics join hands on restaurant automation project - Aju Press - May 5th, 2024 [May 5th, 2024]
- Dishchii'bikoh Community School Robotics Team Heads to VEX World Championship - White Mountain Independent - May 5th, 2024 [May 5th, 2024]
- ETH unveils space-hopping robot for asteroid exploration - Robotics and Automation News - May 5th, 2024 [May 5th, 2024]
- Nickelytics and Starship release robots at UCLA and Utah universities - Robotics and Automation News - May 1st, 2024 [May 1st, 2024]
- Next-Level Robotics: Enhancing Accuracy with Advanced Multisensory Interfaces - AZoRobotics - May 1st, 2024 [May 1st, 2024]
- Death of Lake Orion teen on robotics trip determined to be suicide, Houston police say - Detroit News - May 1st, 2024 [May 1st, 2024]
- Niqo Robotics Raises $9 Million In Funding Round Led By Brida Innovation Ventures: Report - Outlook India - May 1st, 2024 [May 1st, 2024]
- Mission to 'Holy Grail of Shipwrecks' Will Employ Robotics - USNI News - May 1st, 2024 [May 1st, 2024]
- Kiwibot acquires Auto Mobility Solutions Robotics & Automation News - Robotics and Automation News - May 1st, 2024 [May 1st, 2024]
- Untethered soft actuators for soft standalone robotics - Nature.com - May 1st, 2024 [May 1st, 2024]
- Robotics in the restaurant industry are here to stay: Carlos Gazitua - Fox Business - May 1st, 2024 [May 1st, 2024]
- It's time for UK business to embrace robotics - Design Products & Applications - May 1st, 2024 [May 1st, 2024]
- Meet the `One Percenters' - The Top Ranked Robotics Group from Franklin - Franklin Observer - May 1st, 2024 [May 1st, 2024]
- Atlas, forefather of humanoid robots, gives way to next generation - Marketplace - May 1st, 2024 [May 1st, 2024]
- BlueBotics releases new version of its server fleet management software - Robotics and Automation News - May 1st, 2024 [May 1st, 2024]
- U.S. manufacturers invested heavily in robotics in 2023, finds IFR - Robot Report - May 1st, 2024 [May 1st, 2024]
- This is a unique time: ARK Invests chief futurist tackles tech innovation from AI to robotics - CNBC - May 1st, 2024 [May 1st, 2024]
- U.S. Companies Invest Heavily in Robots - IFR Preliminary Results EMSNow - EMSNow - May 1st, 2024 [May 1st, 2024]
- MiR launches new autonomous mobile forklift-type robot - Robotics and Automation News - May 1st, 2024 [May 1st, 2024]
- Rutland Area Robotics' IBOTS compete in FIRST World Championships finals for first time - Rutland Herald - May 1st, 2024 [May 1st, 2024]
- Micropsi Industries introduces new AI-vision software Robotics & Automation News - Robotics and Automation News - May 1st, 2024 [May 1st, 2024]
- Robots on a Roll: The Future of Farming Is Here Now - Growing Produce - May 1st, 2024 [May 1st, 2024]
- Grand Force, Grand Forks' only FIRST Robotics team, returns from world championship with good memories - Grand Forks Herald - May 1st, 2024 [May 1st, 2024]
- Reston Robotics Team Wins National Competition At Tech Conference - Patch - May 1st, 2024 [May 1st, 2024]
- CapSen Robotics Introduces CapSen PiC 2.0 Bin-Picking Software - Supply and Demand Chain Executive - May 1st, 2024 [May 1st, 2024]
- Gecko Robotics and Al Masaood Energy Partner to Help ADNOC Gas Revolutionize Asset Operations and ... - Business Wire - May 1st, 2024 [May 1st, 2024]
- Vention Launches New Cloud-Robotic and AI Capabilities to Accelerate the Design and Deployment of Robot Cells - InvestorsObserver - May 1st, 2024 [May 1st, 2024]
- Inside Wilsonville High School's robotics team - KGW.com - May 1st, 2024 [May 1st, 2024]
- Talking AUTOMATE 2024 with TM Robotics | RoboticsTomorrow - Robotics Tomorrow - May 1st, 2024 [May 1st, 2024]
- Advancing obstetric and gynecologic surgery through robotic innovation - Contemporary Obgyn - May 1st, 2024 [May 1st, 2024]
- On the Horizon: A Robot to Assist ALS Patients | RoboticsTomorrow - Robotics Tomorrow - May 1st, 2024 [May 1st, 2024]
- Robots can use air to move objects - Earth.com - May 1st, 2024 [May 1st, 2024]
- Plymouth Robotics Team 586E takes 6th place VEX Robotics World Championship in Dallas, TX - WTCA - May 1st, 2024 [May 1st, 2024]
- These flying origami-inspired robots change shape in mid-air - Engadget - September 29th, 2023 [September 29th, 2023]
- Industrial Robotics Market Size To Reach USD 94.8 Billion By 2032 ... - GlobeNewswire - September 29th, 2023 [September 29th, 2023]
- ForwardX Robotics and DHL Collaborate To support Expansion - PR Newswire - September 29th, 2023 [September 29th, 2023]
- Dexterity AI and FedEx Unveil First-of-its-Kind Robotics Trailer ... - Robotics Tomorrow - September 29th, 2023 [September 29th, 2023]
- Newton High Schools Team Aperture attends super bowl of robotics - New Jersey Education Association - September 29th, 2023 [September 29th, 2023]
- Exoskeleton Report eMagazine: The Latest in Wearable Robotics ... - Exoskeleton Report - September 29th, 2023 [September 29th, 2023]
- 12.5m for robotics and automation to boost sustainable farming - GOV.UK - September 29th, 2023 [September 29th, 2023]
- Robotics As A Service (RaaS) Market size to increase by USD 1.50 ... - PR Newswire - September 29th, 2023 [September 29th, 2023]
- Learn how to create socially intelligent robots at RoboBusiness - Robot Report - September 29th, 2023 [September 29th, 2023]
- Monument Health Welcomes Two New Robotics-Trained General ... - Newscenter1.tv - September 29th, 2023 [September 29th, 2023]
- 3D-Printed Robotic Gripper Works Without Electronics - Design News - September 29th, 2023 [September 29th, 2023]
- WVU Today | WVU researcher to help send swarm of marine robots ... - WVU Today - September 29th, 2023 [September 29th, 2023]
- Using robotics & AI to reduce water - Times of India - September 29th, 2023 [September 29th, 2023]
- We need a new social contract for the coming golden age of robotics - Big Think - July 2nd, 2023 [July 2nd, 2023]
- The Intersection of Autonomous Robotics and Solar Panel Cleaning ... - EnergyPortal.eu - July 2nd, 2023 [July 2nd, 2023]
- RoboCat: Google DeepMind's innovative leap into AI-powered ... - The Jerusalem Post - July 2nd, 2023 [July 2nd, 2023]
- Seen at HIMSS: the latest innovations in artificial intelligence, mixed ... - Kevin MD - July 2nd, 2023 [July 2nd, 2023]
- KEENON Robotics Empowers Future of Hotel Experiences as ... - PR Newswire - July 2nd, 2023 [July 2nd, 2023]
- Brief Overview of Investing in Robotics in 2023 - Analytics Insight - July 2nd, 2023 [July 2nd, 2023]
- Greek post office makes further commitment to Robotics parcel ... - Post and Parcel - July 2nd, 2023 [July 2nd, 2023]
- Robotic glove that 'feels' lends a 'hand' to relearn playing piano after ... - Science Daily - July 2nd, 2023 [July 2nd, 2023]
- 'Bionic professor' aims to transform the field of wearable robotics - University of Toronto - July 2nd, 2023 [July 2nd, 2023]
- The Advantages of Adopting Robotics for Energy Infrastructure ... - EnergyPortal.eu - July 2nd, 2023 [July 2nd, 2023]