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AMZD
ETF ticker: NASDAQ
AS OF
Apr 24, 03:51 PM (EDT)
Price
$12.97
Change
-$0.45 (-3.35%)
Net Assets
4.2M

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

The investment seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the daily performance of Amazon... Show more

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
Apr 23, 2025

Aroon Indicator for AMZD shows an upward move is likely

AMZD's Aroon Indicator triggered a bullish signal on April 09, 2025. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 44 similar instances where the Aroon Indicator showed a similar pattern. In of the 44 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 36 cases where AMZD's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that 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 153 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for AMZD moved out of overbought territory on April 09, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 11 similar instances where the indicator moved out of overbought territory. In of the 11 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on April 22, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on AMZD as a result. In of 42 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for AMZD turned negative on April 23, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 24 similar instances when the indicator turned negative. In of the 24 cases the stock turned lower in the days that followed. This puts the odds of success at .

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 April 03, 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.

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AMZD
Daily Signalchanged days ago
Gain/Loss if bought
Show more...
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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%
-4.28%
SQQQ - AMZD
72%
Closely correlated
-6.58%
SH - AMZD
68%
Closely correlated
-1.56%
SDS - AMZD
61%
Loosely correlated
-3.22%
SPXS - AMZD
59%
Loosely correlated
-4.84%
NVDD - AMZD
45%
Loosely correlated
-3.57%
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