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AMZD Stock Tickeron detected bullish ETF Pattern: Broadening Top AMZD on March 31, 2025, netting in a 5.95% gain over 3 days

A.I.dvisor
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+5.95% Gain from a Successful pattern Broadening Top
AMZD - Direxion Daily AMZN Bear 1X ETF
Tickeron
Ticker: AMZD
Company: Direxion Daily AMZN Bear 1X ETF
Gain: +5.95%
Confirmed: 03/31/25
Succeeded: 04/03/25
Total length: 3 days
On March 31, 2025, A.I.dvisor detected a Broadening Top Pattern (Bullish) for Direxion Daily AMZN Bear 1X ETF (AMZD, $13.12). On March 31, 2025, A.I.dvisor confirmed the Bullish pattern, setting a target price of $14.08. 3 days later, on April 03, 2025, AMZD reached the target price resulting in a for traders who took a long position in the stock.

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 .

The Moving Average Convergence Divergence (MACD) for AMZD just turned positive on April 17, 2025. Looking at past instances where AMZD's MACD turned positive, the stock continued to rise in of 24 cases 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 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 .

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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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/