RETL Stock Direxion Daily Retail Bull 3X ETF (RETL, $9.22) Moving Average Convergence Divergence (MACD) Histogram turned positive on October 15, 2024

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RETL - Direxion Daily Retail Bull 3X ETF

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Odds of UP Trend

Price: $9.22

Daily change: +$0.35 (+3.95%)

Daily volume: 516.3K

Net Assets: $43.2M

Momentum Indicator for RETL turns positive, indicating new upward trend

RETL saw its Momentum Indicator move above the 0 level on October 15, 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 88 similar instances where the indicator turned positive. In of the 88 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 RETL just turned positive on October 15, 2024. Looking at past instances where RETL's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .

RETL moved above its 50-day moving average on October 11, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for RETL crossed bullishly above the 50-day moving average on October 16, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 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 RETL advanced for three days, in of 312 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

The 50-day moving average for RETL moved below the 200-day moving average on September 20, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where RETL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .