EDZ Direxion Daily MSCI Em Mkts Bear 3X ETF Forecast, Technical & Fundamental Analysis

EDZ's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for EDZ turned positive on March 26, 2025. Looking at past instances where EDZ's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on March 28, 2025. You may want to consider a long position or call options on EDZ as a result. In of 89 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

EDZ moved above its 50-day moving average on April 03, 2025 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for EDZ crossed bullishly above the 50-day moving average on April 04, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 21 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 +1 3-day Advance, the price is estimated to grow further. Considering data from situations where EDZ advanced for three days, in of 271 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for EDZ moved out of overbought territory on April 09, 2025. 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 30 similar instances where the indicator moved out of overbought territory. In of the 30 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 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The 50-day moving average for EDZ moved below the 200-day moving average on March 05, 2025. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

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

EDZ broke above its upper Bollinger Band on April 03, 2025. 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.