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MEXX Stock Direxion Dly MSCI Mexico Bull 3X ShsETF (MEXX, $10.08) Moving Average Convergence Divergence (MACD) Histogram turned negative on December 19, 2024

A.I.dvisor
at Tickeron.com
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MEXX - Direxion Dly MSCI Mexico Bull 3X ShsETF
MACD signal
Bearish Trend
Odds of DOWN Trend
Tickeron
MACD signal
Price: $10.08
Daily change: -$0.28 (-2.7%)
Daily volume: 148.3K
Net Assets: $20.4M
This is a Bearish indicator signaling MEXX's price could decline from here. Traders may explore shorting the stock or put options. A.I. dvisor identified 47 similar cases where MEXX's MACD histogram became negative, and of them led to successful outcomes. Odds of Success:

MEXX's Stochastic Oscillator is staying in oversold zone for 2 days

Be on the lookout for a price bounce soon.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where MEXX's RSI Indicator exited the oversold zone, of 27 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 MEXX advanced for three days, in of 356 cases, the price rose further within the following month. The odds of a continued upward trend are .

MEXX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 18, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on MEXX as a result. In of 90 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 MEXX turned negative on December 19, 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 47 similar instances when the indicator turned negative. In of the 47 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 MEXX 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 MEXX entered a downward trend on December 09, 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.

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MEXX
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A.I. Advisor
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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/