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
- Trend Robot With Pattern Entries (Annualized P/L - 107%)
- Swing Trader $5<Stock<$20 (Annualized P/L - 45%)
- Trend Traders (Market Cap 2B-10B) (Annualized P/L - 62%)
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 .
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)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Trading
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| BBP | 51.73 | 0.42 | +0.82% |
| Virtus LifeSci Biotech Products ETF | |||
| FTXG | 26.21 | 0.01 | +0.04% |
| First Trust Nasdaq Food & Beverage ETF | |||
| IBHF | 22.49 | -0.05 | -0.22% |
| iShares iBonds 2026 Term HY & Inc ETF | |||
| FVC | 32.21 | -0.22 | -0.68% |
| First Trust Dorsey Wright Dynamic Foc 5 | |||
| IWFL | 22.74 | -0.23 | -0.99% |
| ETRACS 2x Leveraged US Gr Fctr TR ETN | |||
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.
| Ticker / NAME | Correlation To SPXL | 1D Price Change % | ||
|---|---|---|---|---|
| SPXL | 100% | -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% | ||
More | ||||
