HIBL Direxion Daily S&P 500® Hi Bt Bl 3X ETF Forecast, Technical & Fundamental Analysis
Momentum Indicator for HIBL turns negative, indicating new downward trend
HIBL saw its Momentum Indicator move below the 0 level on December 13, 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 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 .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for HIBL turned negative on December 12, 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 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 .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where HIBL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
HIBL broke above its upper Bollinger Band on November 25, 2024. 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.
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
HIBL moved above its 50-day moving average on November 19, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HIBL advanced for three days, in of 321 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 253 cases where HIBL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category Trading
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| SIEMX | 11.50 | N/A | N/A |
| SEI Emerging Markets Equity F (SIT) | |||
| FASDX | 17.63 | -0.07 | -0.40% |
| Fidelity Advisor Strategic Div & Inc A | |||
| CGACX | 10.02 | -0.05 | -0.50% |
| Calvert Global Energy Solutions C | |||
| FICIX | 13.56 | -0.12 | -0.88% |
| Cantor Fitzgerald Large Cap Fcs Cl R6 | |||
| MDPSX | 100.52 | -1.18 | -1.16% |
| ProFunds Mid Cap Svc | |||
HIBL and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, HIBL has been closely correlated with SSO. These tickers have moved in lockstep 87% of the time. This A.I.-generated data suggests there is a high statistical probability that if HIBL jumps, then SSO could also see price increases.
| Ticker / NAME | Correlation To HIBL | 1D Price Change % | ||
|---|---|---|---|---|
| HIBL | 100% | -2.48% | ||
| SSO - HIBL | 87% Closely correlated | -0.87% | ||
| SPXL - HIBL | 87% Closely correlated | -1.33% | ||
| QULL - HIBL | 82% Closely correlated | -0.73% | ||
| TQQQ - HIBL | 81% Closely correlated | -1.34% | ||
| QLD - HIBL | 81% Closely correlated | -0.89% | ||
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