AAPD Direxion Daily AAPL Bear 1X Shares Forecast, Technical & Fundamental Analysis

AAPD's RSI Oscillator recovers from overbought zone

The 10-day RSI Indicator for AAPD moved out of overbought territory on August 21, 2023. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 5 instances where the indicator moved out of the overbought zone. In of the 5 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Technical Analysis (Indicators)

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 AAPD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on September 12, 2023. You may want to consider a long position or call options on AAPD as a result. In of 14 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for AAPD just turned positive on September 12, 2023. Looking at past instances where AAPD's MACD turned positive, the stock continued to rise in of 10 cases over the following month. The odds of a continued upward trend are .

AAPD moved above its 50-day moving average on September 06, 2023 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AAPD advanced for three days, in of 62 cases, the price rose further within the following month. The odds of a continued upward trend are .

AAPD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 39 cases where AAPD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)