JDST Stock Direxion Daily Jr Gld Mnrs Bear 2X ETF (JDST, $26.09) Aroon Indicator entered an Uptrend on November 21, 2024.
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Momentum Indicator for JDST turns positive, indicating new upward trend
JDST saw its Momentum Indicator move above the 0 level on November 01, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 89 similar instances where the indicator turned positive. In of the 89 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for JDST just turned positive on October 30, 2024. Looking at past instances where JDST's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .
JDST moved above its 50-day moving average on November 11, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for JDST crossed bullishly above the 50-day moving average on November 14, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 20 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 JDST advanced for three days, in of 306 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 144 cases where JDST Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for JDST moved out of overbought territory on November 18, 2024. 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 27 similar instances where the indicator moved out of overbought territory. In of the 27 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 55 cases where JDST's Stochastic Oscillator exited the overbought zone, the price fell further within 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 JDST declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
JDST broke above its upper Bollinger Band on November 11, 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.
General Information
Category Trading