Last month, an AI trading robot generated a 9.77% growth for TZA.
Our robot factory's top-performing AI trading robot, which can be found at Inverse ETF: Long Only Positions (TA), produced a 9.77% return for TZA during the last month.
Last month, an AI trading robot generated a 9.77% growth for TZA. This impressive return underscores the growing importance of AI and machine learning in the financial markets. The use of these advanced technologies has become increasingly prevalent in recent years, as investors seek to leverage the power of big data to make better investment decisions.
TZA is a ticker symbol for the Direxion Daily Small Cap Bear 3x Shares ETF. As an inverse ETF, TZA is designed to deliver three times the inverse return of the Russell 2000 Small Cap Index. This means that when the Russell 2000 declines in value, TZA will increase in value by a multiple of three. Conversely, when the Russell 2000 rises in value, TZA will decline in value by a multiple of three.
Over the past month, TZA has been in the oversold zone, indicating that it is undervalued and potentially poised for a rebound. The longer the ticker stays in the oversold zone, the more promptly an uptrend is expected. As a technical analyst, I believe that TZA is likely to bounce back soon, and investors who are willing to take on some risk may want to consider buying in at this time.
Of course, it's important to keep in mind that no investment is guaranteed, and there is always the risk of loss when investing in the stock market. However, by using advanced technologies like AI and machine learning, investors can gain a more comprehensive understanding of market trends and potentially make more informed investment decisions.
The recent performance of the AI trading robot in generating a 9.77% growth for TZA is a testament to the power of advanced technologies in the financial markets. As TZA continues to linger in the oversold zone, I believe that a rebound is likely in the near future, making it a potentially attractive investment opportunity for those who are willing to take on some risk.
Momentum Indicator for TZA turns negative, indicating new downward trend
TZA saw its Momentum Indicator move below the 0 level on June 02, 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 82 similar instances where the indicator turned negative. In of the 82 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 TZA 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 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .
TZA moved below its 50-day moving average on June 01, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for TZA crossed bearishly below the 50-day moving average on May 19, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 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 .
The 50-day moving average for TZA moved below the 200-day moving average on June 01, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TZA 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 TZA entered a downward trend on June 06, 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 Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TZA advanced for three days, in of 271 cases, the price rose further within the following month. The odds of a continued upward trend are .
TZA 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
TZA and
Correlation & Price change
A.I.dvisor indicates that over the last year, TZA has been closely correlated with SPXS. These tickers have moved in lockstep 93% of the time. This A.I.-generated data suggests there is a high statistical probability that if TZA jumps, then SPXS could also see price increases.
| Ticker / NAME | Correlation To TZA | 1D Price Change % | ||
|---|---|---|---|---|
| TZA | 100% | -7.94% | ||
| SPXS - TZA | 93% Closely correlated | -0.69% | ||
| SDS - TZA | 93% Closely correlated | -0.40% | ||
| SH - TZA | 92% Closely correlated | -0.21% | ||
| SPXU - TZA | 92% Closely correlated | -0.58% | ||
| PSQ - TZA | 85% Closely correlated | N/A | ||
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