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AI dvisor's Avatar
published in Blogs
May 06, 2022

New AI Robots - simple way for effective S&P 500 algo trading

Bullish S&P 500 Swing Trader (one position only)

This type of AI Robot is well suited to traders who do not want to spend time analyzing a large number of instruments. This robot trades one bullish ETF - SPXL only. SPXL tracks the S&P 500 index with the 3x leverage.

Entry signals are based on a proprietary combination of technical analysis algorithms (trend indicators and oscillators) and include an assessment of current market volatility. To exit a position, the robot uses 2 options: a fixed take profit of 3% of the position opening price and a flexible trailing stop that allows you to save most of the profit if the market reverses.

How you can use the signals from this robot.

1. Trade for an effective bullish swing strategy.

2. Use as a sentiment indicator for trading stocks included in the S&P 500 Index.

Click to view full trading statistics

Bearish S&P 500 Swing Trader (one position only)

This robot is like the previous one but focused on making profit in a bear market. The robot trades only one inverse (bearish) ETF - SPXU, which tracking the S&P 500 index in the opposite direction with the 3x leverage.

Entry signals are based on a proprietary combination of technical analysis algorithms (trend indicators and oscillators) and include an assessment of current market volatility. To exit a position, the robot uses 2 options: a fixed take profit of 3% of the position opening price and a flexible trailing stop that allows you to save most of the profit if the market reverses.

How you can use the signals from this robot.

1. Trade for an effective bearish swing strategy.

2. Use as a sentiment indicator for trading stocks included in the S&P 500 Index.

Click to view full trading statistics

Review other types of our robots for Stocks & ETF trading

  1. Trend Robot With Pattern Entries (Annualized P/L - 107%)
  2. Swing Trader $5<Stock<$20 (Annualized P/L - 45%)
  3. Trend Traders (Market Cap 2B-10B) (Annualized P/L - 62%)
Related Ticker: SPXL

Momentum Indicator for SPXL turns positive, indicating new upward trend

SPXL saw its Momentum Indicator move above the 0 level on May 25, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 69 similar instances where the indicator turned positive. In of the 69 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for SPXL just turned positive on May 26, 2023. Looking at past instances where SPXL's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .

The 50-day moving average for SPXL moved above the 200-day moving average on May 08, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SPXL advanced for three days, in of 357 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 392 cases where SPXL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPXL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

SPXL broke above its upper Bollinger Band on May 18, 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.

Fundamental Analysis (Ratings)

Fear & Greed

Notable companies

The most notable companies in this group are Apple (NASDAQ:AAPL), Microsoft Corp (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL), Amazon.com (NASDAQ:AMZN), NVIDIA Corp (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), Tesla (NASDAQ:TSLA), VISA (NYSE:V), Unitedhealth Group (NYSE:UNH).

Industry description

The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the S&P 500® Index. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, securities of the index, and exchange-traded funds ("ETFs") that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index is a float-adjusted, market capitalization-weighted index. The fund is non-diversified.

Market Cap

The average market capitalization across the Direxion Daily S&P500® Bull 3X ETF ETF is 90.57B. The market cap for tickers in the group ranges from 3.42B to 2.79T. AAPL holds the highest valuation in this group at 2.79T. The lowest valued company is DISH at 3.42B.

High and low price notable news

The average weekly price growth across all stocks in the Direxion Daily S&P500® Bull 3X ETF ETF was 5%. For the same ETF, the average monthly price growth was 0%, and the average quarterly price growth was 1%. NVDA experienced the highest price growth at 24%, while AAP experienced the biggest fall at -37%.

Volume

The average weekly volume growth across all stocks in the Direxion Daily S&P500® Bull 3X ETF ETF was 68%. For the same stocks of the ETF, the average monthly volume growth was 71% and the average quarterly volume growth was 82%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 55
P/E Growth Rating: 50
Price Growth Rating: 52
SMR Rating: 50
Profit Risk Rating: 48
Seasonality Score: 8 (-100 ... +100)
View a ticker or compare two or three
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Trading--Leveraged Equity
Address
Direxion Shares ETF Trust33 Whitehall Street,10th FloorNew York
Phone
866-476-7523
Web
http://www.direxioninvestments.com/
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SPXL and

Correlation & Price change

A.I.dvisor indicates that over the last year, SPXL has been closely correlated with UPRO. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if SPXL jumps, then UPRO could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SPXL
1D Price
Change %
SPXL100%
-1.62%
UPRO - SPXL
100%
Closely correlated
-1.72%
SSO - SPXL
100%
Closely correlated
-1.07%
SPUU - SPXL
99%
Closely correlated
-1.15%
QULL - SPXL
98%
Closely correlated
-1.89%
IWFL - SPXL
97%
Closely correlated
-0.99%
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