AI Trading Robot Generates 4.50% Gain for SOXS Last Week
This AI trading bot, which can be found at Swing Trader: ETFs for Growing Industries (TA), was a high performer in our robot factory, generating 4.50% for SOXS over the course of the previous week.
The Stochastic Oscillator is a popular technical indicator used by traders to identify potential buying or selling opportunities in the stock market. On April 05, 2023, the Stochastic Oscillator for SOXS (Direxion Daily Semiconductor Bear 3X Shares) moved out of oversold territory, which could be seen as a bullish sign for the stock. This movement was identified by Tickeron's A.I.dvisor, an artificial intelligence (AI) trading robot, which analyzed historical data and generated a buy signal for SOXS.
According to Tickeron's A.I.dvisor, there have been 69 instances in the past where the Stochastic Oscillator for SOXS moved out of oversold territory. Out of these 69 instances, the stock moved higher in the following days in 64 cases. This suggests that there is a high probability, over 90%, of SOXS moving higher after the Stochastic Oscillator moves out of oversold territory.
Based on this analysis, traders may consider buying SOXS or buying call options, anticipating a potential gain in the stock price. Tickeron's A.I.dvisor, with its AI-powered trading algorithms, has been able to generate a 4.50% gain for SOXS in the past week, leveraging the bullish signal from the Stochastic Oscillator.
Earnings Results Analysis:
The bullish signal from the Stochastic Oscillator is further supported by the historical data analyzed by Tickeron's A.I.dvisor. The fact that in 64 out of 69 instances in the past, SOXS moved higher after the Stochastic Oscillator moved out of oversold territory indicates a strong bullish trend. This suggests that the stock has a tendency to rebound and gain momentum after reaching oversold levels, as indicated by the Stochastic Oscillator.
Traders and investors should also consider other factors, such as the overall market conditions, company fundamentals, and other technical indicators, before making any trading decisions. It's important to conduct a comprehensive analysis and consider multiple factors to make informed trading decisions.
The recent bullish signal from the Stochastic Oscillator, identified by Tickeron's A.I.dvisor, suggests a potential buying opportunity for SOXS. With a high probability of the stock moving higher based on historical data, traders may consider buying the stock or buying call options. However, it's important to conduct thorough analysis and consider other factors before making any trading decisions. Always remember to manage risk and trade responsibly.
Momentum Indicator for SOXS turns negative, indicating new downward trend
SOXS saw its Momentum Indicator move below the 0 level on May 15, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 89 similar instances where the indicator turned negative. In of the 89 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for SOXS turned negative on May 10, 2023. 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 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .
SOXS moved below its 50-day moving average on May 15, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for SOXS crossed bearishly below the 50-day moving average on May 18, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 11 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 SOXS 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 SOXS entered a downward trend on May 31, 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.
Bullish Trend Analysis
The RSI Indicator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 11 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SOXS advanced for three days, in of 266 cases, the price rose further within the following month. The odds of a continued upward trend are .
SOXS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
Industry description
General Information
Category BearMarket
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| IRPSX | 9.79 | N/A | N/A |
| VY® T. Rowe Price Equity Income S | |||
| COMAX | 24.81 | N/A | N/A |
| DWS Communications A | |||
| CICEX | 44.61 | -0.17 | -0.38% |
| American Funds Invmt Co of Amer 529E | |||
| GSPKX | 14.23 | -0.06 | -0.42% |
| Goldman Sachs US Eq Div and Prem Instl | |||
| GSXPX | 47.65 | -0.57 | -1.18% |
| Goldman Sachs Small Cp Val Insghts P | |||
SOXS and
Correlation & Price change
A.I.dvisor indicates that over the last year, SOXS has been closely correlated with SSG. These tickers have moved in lockstep 96% of the time. This A.I.-generated data suggests there is a high statistical probability that if SOXS jumps, then SSG could also see price increases.
| Ticker / NAME | Correlation To SOXS | 1D Price Change % | ||
|---|---|---|---|---|
| SOXS | 100% | +7.64% | ||
| SSG - SOXS | 96% Closely correlated | +6.26% | ||
| TECS - SOXS | 92% Closely correlated | +2.67% | ||
| BERZ - SOXS | 92% Closely correlated | +0.76% | ||
| HIBS - SOXS | 90% Closely correlated | +4.52% | ||
| PSQ - SOXS | 89% Closely correlated | +0.62% | ||
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