Direxion Daily Financial Bear 3X ETF (FAZ, $6.32) entered Downtrend as Momentum indicator drops below 0 level on Apr 17, 2025

@Trading, #TechnicalAnalysis, #Momentum, #Bearish, #ETFs
FAZ - Direxion Daily Financial Bear 3X ETF
Momentum signal
Bearish Trend
90%
Odds of DOWN Trend
Price: $6.32
Daily change: -$0.04 (-0.63%)
Daily volume: 33.2M
Net Assets: $114.8M

This indicator may be signaling that FAZ's price has further to drop, since it fell below its price logged 14 days ago. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 78 similar cases where FAZ's Momentum Indicator fell below the 0 level, and 74 of them led to a successful outcome. Odds of Success: 90%.