AAPU Direxion Daily AAPL Bull 2X Shares Forecast, Technical & Fundamental Analysis

Momentum Indicator for AAPU turns positive, indicating new upward trend

AAPU saw its Momentum Indicator move above the 0 level on November 14, 2024. 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 31 similar instances where the indicator turned positive. In of the 31 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 AAPU just turned positive on November 19, 2024. Looking at past instances where AAPU's MACD turned positive, the stock continued to rise in of 26 cases over the following month. The odds of a continued upward trend are .

AAPU moved above its 50-day moving average on November 22, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for AAPU crossed bullishly above the 50-day moving average on November 27, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 6 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 AAPU advanced for three days, in of 166 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 143 cases where AAPU 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 RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 27 cases where AAPU's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where AAPU declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

AAPU broke above its upper Bollinger Band on November 29, 2024. 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.