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AMZD
ETF ticker: NASDAQ
AS OF
Feb 21 closing price
Price
$11.67
Change
+$0.31 (+2.73%)
Net Assets
6.13M

AMZD Direxion Daily AMZN Bear 1X ETF Forecast, Technical & Fundamental Analysis

Category Trading
AMZD
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for AMZD with price predictions
Feb 21, 2025

AMZD in upward trend: price rose above 50-day moving average on February 18, 2025

AMZD moved above its 50-day moving average on February 18, 2025 date and that indicates a change from a downward trend to an upward trend. In of 11 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on February 07, 2025. You may want to consider a long position or call options on AMZD as a result. In of 40 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 AMZD just turned positive on February 07, 2025. Looking at past instances where AMZD's MACD turned positive, the stock continued to rise in of 23 cases over the following month. The odds of a continued upward trend are .

The 10-day moving average for AMZD crossed bullishly above the 50-day moving average on February 21, 2025. 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 AMZD advanced for three days, in of 144 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 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 AMZD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

AMZD broke above its upper Bollinger Band on February 21, 2025. 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.

The Aroon Indicator for AMZD entered a downward trend on February 13, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

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AMZD
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Trading--Inverse Equity
Address
Direxion Shares ETF Trust33 Whitehall Street,10th FloorNew York
Phone
866-476-7523
Web
http://www.direxioninvestments.com/
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AMZD and ETFs

Correlation & Price change

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

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To AMZD
1D Price
Change %
AMZD100%
+2.73%
SQQQ - AMZD
72%
Closely correlated
+6.28%
SH - AMZD
68%
Closely correlated
+1.78%
SDS - AMZD
61%
Loosely correlated
+3.44%
SPXS - AMZD
59%
Loosely correlated
+5.52%
NVDD - AMZD
45%
Loosely correlated
+4.07%
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