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DUST
ETF ticker:
NYSE ARCA
AS OF
Jul 1 closing price
Price
$19.80
Change
-$1.12 (-5.35%)
Net Assets
97.79M

DUST Price Prediction, Direxion Daily Gold Miners Bear 2X ETF AI Recommendations

ETF market charts, price targets, analyst ratings and a financial calendar
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A.I.Advisor
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12:00 AM EDT Jul 01, 2022

Momentum Indicator for DUST turns positive, indicating new upward trend

DUST saw its Momentum Indicator move above the 0 level on June 13, 2022. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 102 similar instances where the indicator turned positive. In 97 of the 102 cases, the stock moved higher in the following days. The odds of a move higher are at 90%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for DUST just turned positive on June 14, 2022. Looking at past instances where DUST's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where DUST advanced for three days, in of 304 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 107 cases where DUST Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for DUST moved out of overbought territory on July 01, 2022. 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 26 similar instances where the indicator moved out of overbought territory. In of the 26 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where DUST declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

DUST broke above its upper Bollinger Band on June 30, 2022. 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.

Fundamental Analysis (Ratings)

Fear & Greed
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A.I.Advisor
published price charts
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published Highlights

Industry description

The investment seeks daily investment results before fees and expenses of 200% of the inverse of the daily performance of the NYSE Arca Gold Miners Index. The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse or short leveraged exposure to the index equal to at least 80% of the fund's net assets. The index is a modified market capitalization weighted index comprised of publicly traded companies that operate globally in both developed and emerging markets, and are involved primarily in mining for gold and, to a lesser extent, in mining for silver. It is non-diversified.
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A.I. Advisor
published General Information

General Information

Category BearMarket

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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DUST and ETFs

Correlation & Price change

A.I.dvisor tells us that DUST and SDS have been poorly correlated (+19% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that DUST and SDS's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To DUST
1D Price
Change %
DUST100%
-5.44%
SDS - DUST
19%
Poorly correlated
-1.99%
SH - DUST
19%
Poorly correlated
-1.03%
SPXU - DUST
19%
Poorly correlated
-2.97%
SQQQ - DUST
14%
Poorly correlated
-2.07%
PSQ - DUST
14%
Poorly correlated
-0.56%