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GGLS
ETF ticker: NASDAQ
AS OF
Dec 20, 04:59 PM (EDT)
Price
$12.15
Change
-$0.20 (-1.62%)
Net Assets
4.56M

GGLS Direxion Daily GOOGL Bear 1X ETF Forecast, Technical & Fundamental Analysis

Category Trading
GGLS
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for GGLS with price predictions
Dec 20, 2024

Momentum Indicator for GGLS turns negative, indicating new downward trend

GGLS saw its Momentum Indicator move below the 0 level on December 06, 2024. 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 41 similar instances where the indicator turned negative. In of the 41 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 GGLS turned negative on December 09, 2024. 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 22 similar instances when the indicator turned negative. In of the 22 cases the stock turned lower in the days that followed. This puts the odds of success at .

GGLS moved below its 50-day moving average on November 25, 2024 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 GGLS 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 GGLS entered a downward trend on December 20, 2024. 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 RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where GGLS's RSI Oscillator exited the oversold zone, of 23 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 32 cases where GGLS's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that 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 GGLS advanced for three days, in of 113 cases, the price rose further within the following month. The odds of a continued upward trend are .

GGLS 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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GGLS
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--Inverse Equity
Address
Direxion Shares ETF Trust33 Whitehall Street,10th FloorNew York
Phone
866-476-7523
Web
http://www.direxioninvestments.com/
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GGLS and ETFs

Correlation & Price change

A.I.dvisor indicates that over the last year, GGLS has been loosely correlated with SQQQ. These tickers have moved in lockstep 60% of the time. This A.I.-generated data suggests there is some statistical probability that if GGLS jumps, then SQQQ could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To GGLS
1D Price
Change %
GGLS100%
-1.54%
SQQQ - GGLS
60%
Loosely correlated
-2.54%
SH - GGLS
56%
Loosely correlated
-1.11%
SPXS - GGLS
54%
Loosely correlated
-3.30%
SDS - GGLS
53%
Loosely correlated
-2.13%
NVDD - GGLS
33%
Loosely correlated
-3.27%
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