TMF Direxion Daily 20+ Yr Trsy Bull 3X ETF Forecast, Technical & Fundamental Analysis
TMF's RSI Oscillator peaks and leaves overbought zone
The 10-day RSI Indicator for TMF moved out of overbought territory on December 08, 2023. 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 21 instances where the indicator moved out of the overbought zone. In of the 21 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 17 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TMF declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
TMF broke above its upper Bollinger Band on December 05, 2023. 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
TMF moved above its 50-day moving average on November 16, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for TMF crossed bullishly above the 50-day moving average on November 17, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 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 +1 3-day Advance, the price is estimated to grow further. Considering data from situations where TMF advanced for three days, in of 303 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 211 cases where TMF Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
Industry description
General Information
Category Trading
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| FTXL | 73.59 | 0.49 | +0.67% |
| First Trust Nasdaq Semiconductor ETF | |||
| BTR | 22.99 | -0.07 | -0.30% |
| Beacon Tactical Risk ETF | |||
| SHAG | 46.84 | -0.15 | -0.32% |
| WisdomTree Yield Enh US S-T Aggt Bd ETF | |||
| SSFI | 21.33 | -0.07 | -0.34% |
| Day Hgn/Nd Dvs Rsch Smt Sct Fxd Inc ETF | |||
| NUBD | 21.73 | -0.10 | -0.47% |
| Nuveen ESG US Aggregate Bond ETF | |||
TMF and
Correlation & Price change
A.I.dvisor indicates that over the last year, TMF has been closely correlated with UBT. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if TMF jumps, then UBT could also see price increases.