AMZU Stock Direxion Daily AMZN Bull 2X Shares (AMZU, $41.83) RSI Indicator left the overbought zone on November 13, 2024

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AMZU - Direxion Daily AMZN Bull 2X Shares

RSI signal

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Odds of DOWN Trend

Price: $41.83

Daily change: +$2.01 (+5.05%)

Daily volume: 1M

Net Assets: $180.2M

AMZU's RSI Indicator leaves overbought zone

The 10-day RSI Oscillator for AMZU moved out of overbought territory on November 14, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 17 instances where the indicator moved out of the overbought zone. In of the 17 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 31 cases where AMZU's Stochastic Oscillator exited the overbought zone, the price fell further within the following 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 AMZU declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

AMZU broke above its upper Bollinger Band on November 05, 2024. 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.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 01, 2024. You may want to consider a long position or call options on AMZU as a result. In of 29 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 AMZU just turned positive on November 01, 2024. Looking at past instances where AMZU'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 .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AMZU advanced for three days, in of 134 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 135 cases where AMZU Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .