AMZD Stock Direxion Daily AMZN Bear 1X ETF (AMZD, $11.13) Aroon Indicator entered a Downtrend on December 26, 2024.

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AMZD - Direxion Daily AMZN Bear 1X ETF

Aroon signal

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Odds of DOWN Trend

Price: $11.13

Daily change: +$0.09 (+0.82%)

Daily volume: 16.5K

Net Assets: $4.7M

AMZD saw its Stochastic Oscillator recovers from the overbought zone

The Stochastic Oscillator for AMZD moved out of overbought territory on January 06, 2025. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 24 similar instances where the indicator exited the overbought zone. In of the 24 cases the stock moved lower. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

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 .

The Aroon Indicator for AMZD entered a downward trend on December 26, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on January 07, 2025. You may want to consider a long position or call options on AMZD as a result. In of 38 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 134 cases, the price rose further within the following month. The odds of a continued upward trend are .