SPDN Stock Direxion Daily S&P 500® Bear 1X ETF (SPDN, $11.12) Moving Average Convergence Divergence (MACD) Histogram turned negative on October 11, 2024

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SPDN - Direxion Daily S&P 500® Bear 1X ETF

MACD signal

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Odds of DOWN Trend

Price: $11.12

Daily change: -$0.06 (-0.54%)

Daily volume: 4.1M

Net Assets: $150.4M

SPDN in downward trend: 10-day moving average moved below 50-day moving average on September 17, 2024

The 10-day moving average for SPDN crossed bearishly below the 50-day moving average on September 17, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 11 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 .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on October 09, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on SPDN as a result. In of 63 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 SPDN turned negative on October 11, 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 50 similar instances when the indicator turned negative. In of the 50 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 .

The Aroon Indicator for SPDN entered a downward trend on October 18, 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.

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 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.

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