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SPDN
ETF ticker: NYSE ARCA
AS OF
Apr 2 closing price
Price
$11.47
Change
-$0.08 (-0.69%)
Net Assets
218.21M

SPDN Direxion Daily S&P 500® Bear 1X ETF Forecast, Technical & Fundamental Analysis

The investment seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the daily performance of the S&P 500® Index... Show more

Category: #Trading
SPDN
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for SPDN with price predictions
Apr 02, 2025

SPDN's RSI Oscillator peaks and leaves overbought zone

The 10-day RSI Oscillator for SPDN moved out of overbought territory on March 14, 2025. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 22 instances where the indicator moved out of the overbought zone. In of the 22 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for SPDN turned negative on March 21, 2025. 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 52 similar instances when the indicator turned negative. In of the 52 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 SPDN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

SPDN broke above its upper Bollinger Band on March 10, 2025. 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.

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 65 cases where SPDN's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on April 02, 2025. You may want to consider a long position or call options on SPDN as a result. In of 72 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The 10-day moving average for SPDN crossed bullishly above the 50-day moving average on February 28, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 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 SPDN advanced for three days, in of 248 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 117 cases where SPDN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

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SPDN
Daily Signalchanged days ago
Gain/Loss if bought
Show more...
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A.I. Advisor
published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Trading--Inverse Equity
Address
Direxion Shares ETF Trust33 Whitehall Street,10th FloorNew York
Phone
866-476-7523
Web
http://www.direxioninvestments.com/
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SPDN and ETFs

Correlation & Price change

A.I.dvisor indicates that over the last year, SPDN has been closely correlated with SPXS. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if SPDN jumps, then SPXS could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SPDN
1D Price
Change %
SPDN100%
-0.69%
SPXS - SPDN
99%
Closely correlated
-1.84%
SDS - SPDN
98%
Closely correlated
-1.17%
SH - SPDN
97%
Closely correlated
-0.63%
SQQQ - SPDN
93%
Closely correlated
-2.24%
TZA - SPDN
71%
Closely correlated
-4.81%
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