PILL Direxion Daily Phrmctcl&MdclBl3XShrsETF Forecast, Technical & Fundamental Analysis
Momentum Indicator for PILL turns negative, indicating new downward trend
PILL saw its Momentum Indicator move below the 0 level on September 06, 2023. 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 81 similar instances where the indicator turned negative. In of the 81 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 PILL turned negative on September 05, 2023. 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 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .
PILL moved below its 50-day moving average on September 13, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for PILL crossed bearishly below the 50-day moving average on September 18, 2023. 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 PILL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The RSI Indicator shows that the ticker has stayed in the oversold zone for 9 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 Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 16 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.
The 50-day moving average for PILL moved above the 200-day moving average on September 13, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PILL advanced for three days, in of 295 cases, the price rose further within the following month. The odds of a continued upward trend are .
PILL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Trading
PILL and
Correlation & Price change
A.I.dvisor indicates that over the last year, PILL has been loosely correlated with SPXL. These tickers have moved in lockstep 66% of the time. This A.I.-generated data suggests there is some statistical probability that if PILL jumps, then SPXL could also see price increases.
| Ticker / NAME | Correlation To PILL | 1D Price Change % | ||
|---|---|---|---|---|
| PILL | 100% | -2.71% | ||
| SPXL - PILL | 66% Loosely correlated | -0.85% | ||
| SSO - PILL | 66% Loosely correlated | -0.56% | ||
| TQQQ - PILL | 56% Loosely correlated | +0.23% | ||
| QLD - PILL | 56% Loosely correlated | +0.15% | ||
| SOXL - PILL | 46% Loosely correlated | +1.23% |