DXD in downward trend: price dove below 50-day moving average on May 02, 2025
DXD moved below its 50-day moving average on May 02, 2025 date and that indicates a change from an upward trend to a downward trend. In of 43 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day moving average for DXD crossed bearishly below the 50-day moving average on May 07, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over 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 DXD 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 DXD entered a downward trend on May 29, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
The Momentum Indicator moved above the 0 level on May 30, 2025. You may want to consider a long position or call options on DXD as a result. In of 83 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 DXD just turned positive on May 23, 2025. Looking at past instances where DXD's MACD turned positive, the stock continued to rise in of 54 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 DXD advanced for three days, in of 271 cases, the price rose further within the following month. The odds of a continued upward trend are .
DXD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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General Information
Category Trading
DXD and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, DXD has been closely correlated with SPXU. These tickers have moved in lockstep 91% of the time. This A.I.-generated data suggests there is a high statistical probability that if DXD jumps, then SPXU could also see price increases.
| Ticker / NAME | Correlation To DXD | 1D Price Change % | ||
|---|---|---|---|---|
| DXD | 100% | +0.54% | ||
| SPXU - DXD | 91% Closely correlated | +0.21% | ||
| SH - DXD | 91% Closely correlated | +0.07% | ||
| SPXS - DXD | 83% Closely correlated | +0.19% | ||
| SDS - DXD | 82% Closely correlated | +0.11% | ||
| PSQ - DXD | 81% Closely correlated | -0.23% | ||
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