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EDC
ETF ticker: NYSE ARCA
AS OF
Apr 2 closing price
Price
$31.18
Change
+$0.09 (+0.29%)
Net Assets
70.81M

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 01, 2025

Momentum Indicator for EDC turns negative, indicating new downward trend

EDC saw its Momentum Indicator move below the 0 level on March 28, 2025. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 87 similar instances where the indicator turned negative. In of the 87 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for EDC turned negative on March 26, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .

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.

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 .

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where EDC advanced for three days, in of 314 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.

The Aroon Indicator entered an Uptrend today. In of 204 cases where EDC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

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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 loosely correlated with SOXL. These tickers have moved in lockstep 63% of the time. This A.I.-generated data suggests there is some statistical probability that if EDC jumps, then SOXL could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To EDC
1D Price
Change %
EDC100%
+0.29%
SOXL - EDC
63%
Loosely correlated
+1.94%
TQQQ - EDC
59%
Loosely correlated
+2.23%
QLD - EDC
59%
Loosely correlated
+1.46%
SSO - EDC
59%
Loosely correlated
+1.24%
QULL - EDC
57%
Loosely correlated
N/A
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