AMZD Stock Direxion Daily AMZN Bear 1X ETF (AMZD, $12.65) RSI Indicator left the oversold zone on November 15, 2024

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AMZD - Direxion Daily AMZN Bear 1X ETF

RSI signal

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Odds of UP Trend

Price: $12.65

Daily change: +$0.54 (+4.46%)

Daily volume: 94.9K

Net Assets: $5.4M

AMZD's RSI Indicator ascends from oversold territory

The RSI Oscillator for AMZD moved out of oversold territory on November 15, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 19 similar instances when the indicator left oversold territory. In of the 19 cases the stock moved higher. This puts the odds of a move higher at .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 20, 2024. You may want to consider a long position or call options on AMZD as a result. In of 35 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 November 20, 2024. Looking at past instances where AMZD's MACD turned positive, the stock continued to rise in of 19 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 129 cases, the price rose further within the following month. The odds of a continued upward trend are .

AMZD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

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 November 21, 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.