Hoops AI

Hoops AI

Freemium
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18 Feb, 2024
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Overview

Review

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FAQ

Hoops AI is a web application designed to provide real-time trading insights and analysis to retail investors in the stock market. It uses advanced AI technology to offer personalized trading ideas tailored to individual users' preferences and needs.

Hoops AI seems like a promising tool for retail investors looking for personalized trading insights. However, it's crucial to be mindful of potential drawbacks and use it as a supplement to your own research and analysis before making any investment decisions.

Hoops AI Features

  • Tailored Recommendations: Hoops AI uses AI to analyze your investment goals, risk tolerance, and preferred instruments (stocks, currencies, commodities, etc. to generate real-time trading ideas aligned with your profile.
  • Multi-factor Analysis: The platform considers fundamental analysis (company financials, industry trends), technical analysis (chart patterns, price movements), and social sentiment analysis (news, social media mentions) to create comprehensive insights.
  • On-Demand Freshness: Get new trading ideas every time you log in, ensuring you're always up-to-date with the latest market movements and opportunities.
  • Watchlists: Create custom watchlists for specific assets you're interested in and receive alerts when their prices reach your desired thresholds.
  • Market News and Analysis: Stay informed with access to real-time market news, expert analysis, and research reports.
  • Trading Strategies: Explore different trading strategies suggested by AI and adjust them to your risk appetite and investment goals.
  • Educational Resources: Learn about the stock market and improve your investment skills with access to educational articles, tutorials, and webinars.

Hoops AI Pricing

  • Personal: Free for all.
  • Business:
  • Basic Plan: pay USD $4,000/month
  • Pro Plan: pay USD $5,600/month
  • Enterprise Plan: pay USD $15,000/month

Hoops AI Usages

  • Multi-Asset Support: Explore a wide range of assets, including stocks, currencies, commodities, and cryptocurrencies. Whether you're a seasoned investor or just starting out, Hoops AI has something for you.
  • AI-driven Analysis: The platform utilizes fundamental, technical, and social sentiment analysis to identify promising opportunities and potential risks. Get insights you wouldn't find through traditional research methods.
  • Stay Informed: Hoops AI keeps you updated with the latest market developments, news, and events that could impact your portfolio. No more constantly monitoring multiple sources for information.
  • Understand Market Dynamics: Gain valuable insights into market trends, sector performance, and individual asset behavior. Make informed decisions based on real-time data and analysis.
  • Identify Trends: Hoops AI helps you spot emerging trends and potential breakout opportunities before they hit the mainstream. Stay ahead of the curve and capitalize on market shifts.
  • Monitor Your Investments: Keep track of your portfolio performance and individual asset gains/losses. Hoops AI provides a centralized platform for monitoring your investments.
  • Track Trading Ideas: Save and track your favorite trading ideas generated by Hoops AI. Revisit them later or share them with your financial advisor for further discussion.
  • Personalized Watchlists: Create and manage personalized watchlists to track specific assets and stay updated on their movements.

Hoops AI Competitors

  • BeatandRaise: A freemium AI-powered financial research tool providing real-time information on various aspects of the financial markets. It likely offers services similar to Hoops AI in terms of real-time market analysis and financial insights​​.
  • Hal9: This AI tool, also a freemium offering, facilitates data-driven decision-making through conversational analysis of cloud data. It emphasizes data security and seamless integration with existing systems, which might make it a useful alternative for those looking for secure and integrated data analysis tools​​.
  • HoopsGPT: Operating on a subscription model, The Parlay Analyzer is an advanced AI tool that simplifies sports insights, making it easier for users to analyze different aspects of a game. This tool seems to focus more on sports analytics, offering a niche alternative to Hoops AI's more general financial market insights​​.
  • Stocknews AI: Another freemium AI tool, Stocknews AI curates recent news articles about various stocks and investment opportunities. This tool seems to provide a more news-focused approach to investment decision-making, which could complement or serve as an alternative to the more analysis-driven approach of Hoops AI​​.
  • YouAI: A usage-based collection of AI applications, YouAI offers various functionalities for different needs. It provides solutions for task automation and places the power of AI in the hands of its users, making it a versatile option for those seeking a range of AI-powered tools beyond just trading insights​​.
  • Stockstack.ai: An AI-powered investment tool available for a free trial, Stockstack.ai delivers market news, stock tickers, and sector performance information. It also offers a widget for AI-assisted stock picking, catering to investors and traders looking for a comprehensive investment tool​​.

Hoops AI Launch & Funding

It was Launched on Jun 1, 2019, by Amir Erell. 

Hoops AI Limitation

  • Historical Data Bias: Hoops AI's algorithms are trained on historical data, which can lead to biases if market conditions change significantly. Past performance may not always guarantee future success.
  • Limited Data Scope: The tool might not consider all relevant data points, potentially leading to missed opportunities or inaccurate signals.
  • Data Quality Issues: The quality of the data used for training can significantly impact the accuracy of the generated signals. Dirty or incomplete data can lead to unreliable predictions.
  • Limited Adaptability: Hoops AI might struggle to adapt to rapidly changing market dynamics or unforeseen events. This can lead to missed opportunities or significant losses if the tool fails to adjust its strategies accordingly.
  • News and Events: Unforeseen news or events can significantly impact market behavior, rendering Hoops AI's signals based on historical data less reliable.
  • Psychological Factors: It's crucial to remember that Hoops AI is a tool, not a magic bullet. Making investment decisions solely based on its signals without considering your own risk tolerance and financial goals can lead to emotional decision-making and potential losses.
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Hoops is an AI-powered stock market tool that helps investors make informed decisions. It uses advanced algorithms and machine learning to analyze market data, identify trends, and generate recommendations.

  1. Market analysis: Hoops provides real-time market data, charts, and technical indicators to help you understand current market conditions.
  2. Stock recommendations: Hoops uses AI to analyze companies and identify potential investment opportunities. It provides buy, sell, or hold recommendations based on its analysis.
  3. Portfolio tracking: You can track your portfolio performance within Hoops and receive insights on how to optimize it.
  4. News and alerts: Hoops keeps you updated on relevant financial news and sends you alerts about important events that could impact your investments.

Here are the several benefits of using Hoops:


  • Save time and effort: Hoops automates many of the tasks involved in stock market research, saving you time and effort.
  • Make better decisions: Hoops' AI insights can help you make more informed investment decisions and potentially improve your returns.
  • Stay informed: Hoops keeps you up-to-date on the latest market news and trends, so you can make informed decisions based on current information.

Hoops can analyze various aspects of the stock market, including:


  • Technical analysis: Identifying trends and patterns in stock prices and volume data.
  • Fundamental analysis: Assessing a company's financial health and prospects based on its financials, news, and other factors.
  • Sentiment analysis: Gauging the overall market sentiment towards specific stocks or sectors.

While Hoops can offer insights and suggestions, it is ultimately up to you to make your own trading decisions. Hoops should not be considered a substitute for your own research and judgment.

Hoops offers both free and paid plans. The free plan provides limited access to its features, while the paid plans offer more features and functionality.

  1. AI is not perfect: Like any AI tool, Hoops AI's predictions are not guaranteed to be accurate. It's important to use your own judgment and consider other factors before making investment decisions.
  2. Market volatility: The stock market is inherently volatile, and even the best AI tools can't predict every movement.
  3. Cost: Hoops AI may have subscription fees or other costs associated with using its services.

Hoops takes security seriously and uses industry-standard security measures to protect your data. However, it's important to remember that no investment is guaranteed, and you should always do your own research before making any investment decisions.

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