DUST Stock Direxion Daily Gold Miners Bear 2X ETF (DUST, $54.9) price moved above its 50-day Moving Average on November 08, 2024

GET DAILY SIGNALS

Get AI intraday signals

DUST - Direxion Daily Gold Miners Bear 2X ETF

Moving Avg. signal

View

Odds of UP Trend

Price: $54.9

Daily change: +$1.51 (+2.83%)

Daily volume: 698.6K

Net Assets: $98.4M

Momentum Indicator for DUST turns positive, indicating new upward trend

DUST saw its Momentum Indicator move above the 0 level on October 31, 2024. 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 86 similar instances where the indicator turned positive. In of the 86 cases, the stock moved higher in the following days. The odds of a move higher are at .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for DUST just turned positive on October 28, 2024. Looking at past instances where DUST's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .

DUST moved above its 50-day moving average on November 08, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for DUST crossed bullishly above the 50-day moving average on November 12, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 20 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 DUST advanced for three days, in of 307 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 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 November 11, 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.