TECS Stock Direxion Daily Technology Bear 3X ETF (TECS, $50.72) Moving Average Convergence Divergence (MACD) Histogram turned positive on November 15, 2024

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TECS - Direxion Daily Technology Bear 3X ETF

MACD signal

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Odds of UP Trend

Price: $50.72

Daily change: +$3.53 (+7.48%)

Daily volume: 644.6K

Net Assets: $77.4M

TECS's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for TECS turned positive on November 15, 2024. Looking at past instances where TECS's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where TECS's RSI Oscillator exited the oversold zone, of 47 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

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.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TECS advanced for three days, in of 243 cases, the price rose further within the following month. The odds of a continued upward trend are .

TECS 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 November 06, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on TECS as a result. In of 70 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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 TECS 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 TECS entered a downward trend on October 23, 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.