FLYD MicroSectors™ Travel -3X Inv Lvgd ETNs Forecast, Technical & Fundamental Analysis

FLYD in -2.38% downward trend, declining for three consecutive days on December 26, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where FLYD declined for three days, in of 164 cases, the price declined further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 28 cases where FLYD's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on January 07, 2025. You may want to consider a long position or call options on FLYD as a result. In of 37 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

FLYD moved above its 50-day moving average on January 08, 2025 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for FLYD crossed bullishly above the 50-day moving average on January 08, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 6 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 FLYD advanced for three days, in of 138 cases, the price rose further within the following month. The odds of a continued upward trend are .