UBOT Stock Summary and Trading Ideas (Direxion Daily Robotics Artificial Intelligence & Automation Index Bull 2X | ARCA:UBOT)

The Daily Robotics, Artificial Intelligence & Automation Index Bull 2X Shares seeks daily investment results, before fees and expenses, of 200% of the performance of the Indxx Global Robotics and Artificial Intelligence Thematic Index. The Indxx Global Robotics and Artificial Intelligence Thematic Index is designed to provide exposure to exchange-listed companies in developed markets that are expected to benefit from the adoption and utilization of robotics and/or artificial intelligence, including companies involved in developing industrial robots and production systems, automated inventory management, unmanned vehicles, voice/image/text recognition, and medical robots or robotic instruments, as defined by the index provider, Indxx. Companies must have a minimum market capitalization of $100 million and a minimum average daily turnover for the last 6 months greater than, or equal to, $2 million in order to be eligible for inclusion in the Index.

Direxion Daily Robotics Artificial Intelligence & Automation Index Bull 2X trades on the ARCA stock market under the symbol UBOT.

As of April 23, 2024, UBOT stock price climbed to $21.41 with 24,550 million shares trading.

UBOT has a beta of 3.41, meaning it tends to be more sensitive to market movements. UBOT has a correlation of 0.73 to the broad based SPY ETF.

UBOT has a market cap of $35.83 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, UBOT stock traded as high as $56.12 and as low as $8.93.

UBOT has underperformed the market in the last year with a price return of +23.7% while the SPY ETF gained +24.3%. UBOT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.4% and -8.2%, respectively, while the SPY returned +4.9% and -2.5%, respectively.

UBOT support price is $20.08 and resistance is $21.28 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that UBOT stock will trade within this expected range on the day.