TMV Direxion Daily 20+ Yr Trsy Bear 3X ETF Forecast, Technical & Fundamental Analysis
TMV in upward trend: price rose above 50-day moving average on December 11, 2024
TMV moved above its 50-day moving average on December 11, 2024 date and that indicates a change from a downward trend to an upward trend. In of 42 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on December 11, 2024. You may want to consider a long position or call options on TMV as a result. In of 92 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for TMV just turned positive on December 12, 2024. Looking at past instances where TMV's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .
The 50-day moving average for TMV moved above the 200-day moving average on December 05, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TMV advanced for three days, in of 310 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 10-day moving average for TMV crossed bearishly below the 50-day moving average on December 06, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 12 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 .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TMV declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
TMV broke above its upper Bollinger Band on December 13, 2024. 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.
The Aroon Indicator for TMV entered a downward trend on December 17, 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.
General Information
Category Trading
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| QNTAX | 36.20 | N/A | N/A |
| Meeder Sector Rotation Adviser | |||
| RIVHX | 16.82 | -0.03 | -0.18% |
| American Funds International Vntg R-2E | |||
| RETSX | 87.22 | -0.43 | -0.49% |
| Russell Inv Tax-Managed US Large Cap S | |||
| GGEAX | 23.43 | -0.19 | -0.80% |
| Nationwide Global Sust Eq A | |||
| AMONX | 22.43 | -3.12 | -12.21% |
| AQR Large Cap Momentum Style N | |||
TMV and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, TMV has been closely correlated with TBT. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if TMV jumps, then TBT could also see price increases.