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EDC
ETF ticker: NYSE ARCA
AS OF
Apr 24, 10:48 AM (EDT)
Price
$28.46
Change
+$0.31 (+1.10%)
Net Assets
59.29M

EDC Direxion Daily MSCI Em Mkts Bull 3X ETF Forecast, Technical & Fundamental Analysis

The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the MSCI Emerging Markets IndexSM... Show more

Category: #Trading
EDC
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for EDC with price predictions
Apr 23, 2025

Momentum Indicator for EDC turns positive, indicating new upward trend

EDC saw its Momentum Indicator move above the 0 level on April 21, 2025. 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 84 similar instances where the indicator turned positive. In of the 84 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where EDC's RSI Oscillator exited the oversold zone, of 29 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for EDC just turned positive on April 21, 2025. Looking at past instances where EDC's MACD turned positive, the stock continued to rise in of 50 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 EDC advanced for three days, in of 313 cases, the price rose further within the following month. The odds of a continued upward trend are .

EDC 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 has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

EDC moved below its 50-day moving average on March 28, 2025 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for EDC crossed bearishly below the 50-day moving average on April 04, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 19 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 EDC 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 EDC entered a downward trend on April 17, 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.

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EDC
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Trading--Leveraged Equity
Address
Direxion Shares ETF Trust33 Whitehall Street,10th FloorNew York
Phone
866-476-7523
Web
http://www.direxioninvestments.com/
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EDC and ETFs

Correlation & Price change

A.I.dvisor indicates that over the last year, EDC has been closely correlated with SSO. These tickers have moved in lockstep 69% of the time. This A.I.-generated data suggests there is a high statistical probability that if EDC jumps, then SSO could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To EDC
1D Price
Change %
EDC100%
+3.42%
SSO - EDC
69%
Closely correlated
+3.16%
TQQQ - EDC
68%
Closely correlated
+6.64%
QLD - EDC
68%
Closely correlated
+4.45%
SOXL - EDC
68%
Closely correlated
+12.09%
QULL - EDC
57%
Loosely correlated
N/A
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