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.
SOXS's RSI Oscillator peaks and leaves overbought zone
The 10-day RSI Oscillator for SOXS moved out of overbought territory on September 22, 2023. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 22 instances where the indicator moved out of the overbought zone. In of the 22 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 8 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
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 .
SOXS broke above its upper Bollinger Band on September 21, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on September 12, 2023. You may want to consider a long position or call options on SOXS as a result. In of 89 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 SOXS just turned positive on September 11, 2023. Looking at past instances where SOXS's MACD turned positive, the stock continued to rise in of 42 cases over the following month. The odds of a continued upward trend are .
SOXS moved above its 50-day moving average on September 07, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for SOXS crossed bullishly above the 50-day moving average on September 13, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 10 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where SOXS advanced for three days, in of 267 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 94 cases where SOXS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
Industry description
General Information
Category BearMarket
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| NSRSX | 35.75 | 0.01 | +0.03% |
| Neuberger Berman Small Cap Growth R6 | |||
| FBCIX | 62.26 | -0.10 | -0.16% |
| American Funds Capital Income Bldr 529F2 | |||
| BRGNX | 27.77 | -0.06 | -0.22% |
| iShares Russell 1000 Large-Cap Idx Instl | |||
| BUIOX | 14.12 | -0.04 | -0.28% |
| Buffalo Early Stage Growth Instl | |||
| SINAX | 38.07 | -0.16 | -0.42% |
| ClearBridge Large Cap Value A | |||
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 94% 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% | -2.46% | ||
| SSG - SOXS | 94% Closely correlated | -2.53% | ||
| TECS - SOXS | 91% Closely correlated | -0.50% | ||
| BERZ - SOXS | 90% Closely correlated | +0.13% | ||
| HIBS - SOXS | 88% Closely correlated | +1.68% | ||
| SQQQ - SOXS | 88% Closely correlated | -0.05% | ||
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