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INDL
ETF ticker: NYSE ARCA
AS OF
Dec 20, 04:59 PM (EDT)
Price
$61.88
Change
-$0.68 (-1.09%)
Net Assets
86.55M

INDL Direxion Daily MSCI India Bull 2x ETF Forecast, Technical & Fundamental Analysis

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

INDL sees its 50-day moving average cross bearishly below its 200-day moving average

The 50-day moving average for INDL moved below the 200-day moving average on December 10, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 17, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on INDL as a result. In of 78 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for INDL turned negative on December 18, 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 42 similar instances when the indicator turned negative. In of the 42 cases the stock turned lower in the days that followed. This puts the odds of success at .

INDL moved below its 50-day moving average on December 17, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for INDL crossed bearishly below the 50-day moving average on December 19, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where INDL 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 INDL entered a downward trend on December 03, 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 INDL's RSI Oscillator exited the oversold zone, of 25 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

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 3-day Advance, the price is estimated to grow further. Considering data from situations where INDL advanced for three days, in of 362 cases, the price rose further within the following month. The odds of a continued upward trend are .

INDL 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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INDL
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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INDL and ETFs

Correlation & Price change

A.I.dvisor indicates that over the last year, INDL has been loosely correlated with SSO. These tickers have moved in lockstep 43% of the time. This A.I.-generated data suggests there is some statistical probability that if INDL jumps, then SSO could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To INDL
1D Price
Change %
INDL100%
-1.10%
SSO - INDL
43%
Loosely correlated
+2.27%
TQQQ - INDL
40%
Loosely correlated
+2.59%
SPXL - INDL
40%
Loosely correlated
+3.31%
QLD - INDL
40%
Loosely correlated
+1.77%
QULL - INDL
40%
Loosely correlated
N/A
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