Can AI Do Stock Chart Analysis and Find Trades? Testing out Google AI Studio/Gemini 2.0

Summary

In this video, the creator tests Google's AI Studio, specifically its real-time streaming feature, to determine if AI can analyze stock charts and identify potential trades. Throughout the video, the creator interacts with the AI, asking it to recognize patterns in various stock and cryptocurrency charts, and assess market trends. Although the AI demonstrates a solid grasp of trends, patterns, and indicators, it lacks comprehensive understanding of the trade station software used in the video. The creator concludes that, while the AI shows potential, it's not yet ready to handle day trading unaided.

Highlights

• The AI helped spot an ascending triangle pattern in Tesla's stock chart. 🚀
• Suggested using RSI to check if a stock is overbought or oversold. 🧐
• AI struggled with TradeStation UI specifics, suggesting general steps. 🔄
• The AI pointed out the large red candle as a sign of strong selling pressure. 📉
• Recommended potential entry and exit points based on visible chart patterns. 🎯

Key Takeaways

• AI can identify stock patterns like ascending and descending triangles. 📊
• The AI advised using RSI and moving averages for trend confirmation. 📈
• The test showed AI has limitations in understanding specific software UI. 🤖
• AI cannot provide financial advice but offers general market insights. 💡
• Running multiple trials can yield varying results in AI performance. ⏱️

Overview

In a fascinating exploration, the creator of Tiny Technical Tutorials puts Google AI Studio’s real-time stream feature to the test, trying to see if it can analyze stock charts and uncover trading opportunities. By sharing their screen, the creator seeks to engage the AI in a dynamic stock market analysis of Tesla and other financial instruments.

Throughout the session, the AI demonstrates its potential by recognizing common chart patterns, suggesting the use of indicators like RSI, and hypothesizing on market trends. The creator, while interacting with the AI, prompts it to identify potential points of trade entry and exit, observing where the AI excels and where it stumbles.

Despite showing promise, the AI’s limitations became apparent, particularly with the specificity of trading software UIs. The creator noted that while AI can assist with general market analysis, it isn’t yet capable of autonomously managing day trading tasks. The test yields intriguing insights into the current capabilities of AI in financial markets.

Chapters

• 00:00 - 00:30: Intro and Disclaimer The chapter introduces the topic of AI and algorithmic trading in financial markets. It highlights the experiment of testing Google's AI studio, focusing on its capability to analyze charts and identify trading patterns in real-time using the stream real-time feature. The video includes a disclaimer emphasizing that neither the AI nor the presenter should be considered as sources of financial advice.
• 00:30 - 01:30: Recording Setup and Initial Stock Analysis This chapter discusses the initial setup for recording audio and screen, particularly focusing on privacy and security concerns. The narrator warns users that the recorded data may be utilized by Google to train their AI models. They emphasize caution when sharing on screen or audio to avoid leaking sensitive information. Following the precautionary advice, the narrator proceeds to demonstrate starting the recording process by sharing their microphone audio and screen, looking forward to analyzing stock charts.
• 01:30 - 03:00: Tesla Stock Analysis The chapter opens with a conversation between two individuals where one is seeking assistance with charting stocks and cryptocurrencies for day trading. The focus is on identifying patterns and potential setups for trades.
• 03:00 - 06:00: Spy ETF Analysis The chapter discusses the analysis of Tesla stock on a 240-minute time frame chart. It is observed that the stock has been trending upwards since mid-October, despite some volatility. Currently, the stock appears to be consolidating around the price point of 430. The chapter also hints at a potential ascending triangle pattern forming, which could indicate an opportunity for trade.
• 06:00 - 09:00: Technical Difficulties and Final Interaction The chapter discusses the challenges of recognizing technical patterns in trading, specifically focusing on an upward trend with a resistance level around 440. It suggests that a breakout above this resistance could be a potential entry point for traders. The conversation also touches on identifying recent downward trends, raising questions about what such movements indicate.
• 09:00 - 11:00: Conclusion and Feedback The chapter discusses a recent downward trend in prices, forming a possible descending triangle pattern. It suggests that the price is consolidating and could break down unless it breaks through the upper trend line. To better predict future price movements, the use of additional indicators such as the Relative Strength Index (RSI) to check if the asset is overbought or oversold is recommended, along with considering moving averages for a more comprehensive analysis.

Can AI Do Stock Chart Analysis and Find Trades? Testing out Google AI Studio/Gemini 2.0 Transcription

• 00:00 - 00:30 hey everyone if you pay attention to the stock market or really any other Financial Market you'll know that Ai and algorithms do an awful lot of trading these days but now that AI can look at my screen I wondered if it could look at charts and identify patterns and potential trades so that's what we're going to do in this video testing out Google AI studio and specifically the stream realtime feature now it should go without saying you should not take Financial advice from an AI or from me
• 00:30 - 01:00 this video is for entertainment purposes only and also if you haven't used this feature yet it records your microphone and your screen so be really careful to not share any confidential or sensitive information this information that's recorded can be used by Google to train their model so just a heads up there but I'll go ahead and start recording my microphone and then I'll share out my screen on the charts and let's see how it goes hey Google
• 01:00 - 01:30 hi there what can I do for you today I am working on charting for some stocks and crypto that I want to day trade today I was hoping you could take a look at some charts and help me identify patterns and potential setups for trades let me share out my screen okay I understand please share your screen when you are ready okay I'm going to start with Tesla stock on the 240 minute chart can you see that yes I can see that I see a chart
• 01:30 - 02:00 for Tesla stock on the 240 minute time frame just by looking at this chart what can you tell me about the stock based on the 240-minute chart it appears that Tesla stock has been trending upwards since mid October with some volatility it seems to be currently consolidating around 430 do you recognize any patterns in the chart that would indicate a good place to take a trade there's a potential ascending triangle pattern forming the price has
• 02:00 - 02:30 been making higher lows while struggling to break through a resistance level around 440 a breakout above that could signal a good entry point for a trade okay so an upward Trend are you thinking something like this but then it looks like we also have a trend recently down what would this indicate I see that you've drawn a
• 02:30 - 03:00 second trend line that shows a more recent downward Trend forming a possible descending triangle this indicates that the price might be consolidating and could break down if it doesn't break through the upper trend line are there any other indicators I could use to make me feel better about this or figure out where the price would be going yes you could consider using indicators like the relative strength index or RSI to gauge the momentum of the price and see if it's overbought or oversold you might also find moving
• 03:00 - 03:30 averages helpful to confirm the direction of the trend how would I add the RSI look for a studies or indicators button in the chart program you're using then you should be able to find and add the relative strength index or RSI from there okay here it is so based on where RSI is right now what could that tell me about where price is going to go
• 03:30 - 04:00 the around 50 suggesting that the price is not overbought or oversold at the moment and the market isn't exhibiting strong momentum in either direction this reinforces the idea that the price could consolidate for a while before making a move okay let's check out another one let's go to the Spy this is an ETF for the S&P 500 okay looks like you're now looking at the Spy ETF charts what would you
• 04:00 - 04:30 like to examine about these charts so I was focusing on an area up here but I've highlighted with this rectangle the big red candle here what would something like that indicate okay that large red Candle on the 240-minute chart for spy indicates a significant price drop in a single period this could suggest strong selling pressure and a potential reversal of the recent upward Trend so if price comes back up to this
• 04:30 - 05:00 area would it be a good place to short if the price were to retrace back up to that area it could potentially act as a resistance level making it a possible area to consider shorting but you would need to watch for other confirming signals okay let's say that I wanted to short around here 6041 13 let's say for 25 shares what would be a good place to cover my short based on what you're seeing on the chart
• 05:00 - 05:30 looking at the chart a reasonable place to consider covering your short would be around the 578 price area as it seems to be acting as support okay and if I covered right there what would my profit be if you shorted at 604133 a.22 your profit per share would be $ 25.91 and your profit on 25 shares would be around $647
• 05:30 - 06:00 75 before taking commissions into account okay let's go take a look at some potential long-term Investments so you can see over here I've got a mix of stocks ETFs and crypto can you give me an analysis of risk and potential returns Google
• 06:00 - 06:30 so it looks like something went wrong this happens almost every time I think there is a limit on the context window let's see if he'll answer this final question and then we'll wrap up hey Google do you want to know more about the game pubg no I want to share my screen and ask a question about some stocks and crypto okay please share your screen I'll do my
• 06:30 - 07:00 best to answer your questions about stocks and crypto okay over here on the top left I've got a list of stocks ETFs and crypto I'm wondering if you can analyze this list and talk a little bit about the risk and potential return I could make with these long-term Investments sure I see the list of stocks ETFs and crypto on the top left of your screen you'd like me to analyze the list and talk a bit about the risk and potential return of those long-term
• 07:00 - 07:30 Investments is that correct correct I can do that for you however please keep in mind that I'm an AI and cannot give any Financial advice okay well I think that's it for now okay sounds good feel free to reach out if you have any more questions in the future okay thanks so much all right so we did eventually tell me that he can't give Financial advice so that seems like a good thing but overall this went better than expected did the AI seems to know a lot about
• 07:30 - 08:00 different patterns and supply and resistance and Trends and indicators and whatnot I did kind of feel like I had to nudge Us in the right direction sometimes but at least in this particular session I didn't feel like he totally went off the rails I actually tried this a couple times before I started recording he gave some answers that were pretty out there but this particular session seemed to go well it didn't seem to understand the trade station UI very well that's the software that I was using when I was was asking about adding the RSI indicator he said
• 08:00 - 08:30 something like oh you should have a button called studies or labels in the software that you're using like he couldn't quite tell what software I was using so maybe it just hasn't been trained on the trade station UI very much but for general concepts I thought it did pretty well anyway an interesting test I am definitely not going to hand over my day trading to AI just yet but it's cool to see what it's capable of if you like this I would super appreciate a thumbs up on the video and also consider subscribing for more content content like this thanks so much for watching