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OOTO
ETF ticker:
NYSE ARCA
AS OF
Aug 5 closing price
Price
$11.17
Change
-$0.20 (-1.76%)
Net Assets
30.2M

OOTO Price Prediction, Direxion Daily Travel & Vctn Bll 2X ETF AI Recommendations

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12:00 AM EDT Aug 05, 2022

Momentum Indicator for OOTO turns positive, indicating new upward trend

OOTO saw its Momentum Indicator move above the 0 level on July 15, 2022. 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 15 similar instances where the indicator turned positive. In 14 of the 15 cases, the stock moved higher in the following days. The odds of a move higher are at 90%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

OOTO moved above its 50-day moving average on July 27, 2022 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for OOTO crossed bullishly above the 50-day moving average on August 02, 2022. This indicates that the trend has shifted higher and could be considered a buy signal. In of 5 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 3-day Advance, the price is estimated to grow further. Considering data from situations where OOTO advanced for three days, in of 44 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 13 cases where OOTO 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 demonstrated that the ticker has stayed in the overbought zone for 13 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 OOTO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

OOTO broke above its upper Bollinger Band on July 19, 2022. 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
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A.I.Advisor
published price charts
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A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Walt Disney Company (The) (NYSE:DIS), Booking Holdings (NASDAQ:BKNG), Marriott International (NASDAQ:MAR), Hilton Worldwide Holdings (NYSE:HLT), Las Vegas Sands Corp (NYSE:LVS), Southwest Airlines Co (NYSE:LUV), Delta Air Lines (NYSE:DAL), Trip.com Group Limited (NASDAQ:TCOM), Expedia Group (NASDAQ:EXPE), MGM Resorts International (NYSE:MGM).

Industry description

The investment seeks daily investment results, of 200% of the daily performance of the BlueStar® Travel and Vacation Index. The index is provided by MV Index Solutions GmbH (the “index provider”) and is comprised of U.S. -listed stocks, including depository receipts, of companies that are “Travel and Vacation” companies, as defined by the index provider. The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The fund is non-diversified.

Market Cap

The average market capitalization across the Direxion Daily Travel & Vctn Bll 2X ETF ETF is 15.91B. The market cap for tickers in the group ranges from 1.75B to 194.22B. DIS holds the highest valuation in this group at 194.22B. The lowest valued company is SPCE at 1.75B.

High and low price notable news

The average weekly price growth across all stocks in the Direxion Daily Travel & Vctn Bll 2X ETF ETF was 3%. For the same ETF, the average monthly price growth was 24%, and the average quarterly price growth was -38%. TRIP experienced the highest price growth at 26%, while SPCE experienced the biggest fall at -9%.

Volume

The average weekly volume growth across all stocks in the Direxion Daily Travel & Vctn Bll 2X ETF ETF was -1%. For the same stocks of the ETF, the average monthly volume growth was -13% and the average quarterly volume growth was -3%

Fundamental Analysis Ratings

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

Valuation Rating: 66
P/E Growth Rating: 64
Price Growth Rating: 52
SMR Rating: 52
Profit Risk Rating: 81
Seasonality Score: 35 (-100 ... +100)
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OOTO
Buy/Sell Ratings
 
 
Technical Analysis# Of IndicatorsAvg. Odds
   
   
 
AI
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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OOTO and

Correlation & Price change

A.I.dvisor indicates that over the last year, OOTO has been closely correlated with SPXL. These tickers have moved in lockstep 72% of the time. This A.I.-generated data suggests there is a high statistical probability that if OOTO jumps, then SPXL could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To OOTO
1D Price
Change %
OOTO100%
-1.32%
SPXL - OOTO
72%
Closely correlated
-0.61%
SSO - OOTO
72%
Closely correlated
-0.43%
TQQQ - OOTO
70%
Closely correlated
-2.38%
QLD - OOTO
70%
Closely correlated
-1.58%
SOXL - OOTO
67%
Closely correlated
-2.31%