TMV Direxion Daily 20+ Yr Trsy Bear 3X ETF Forecast, Technical & Fundamental Analysis
Momentum Indicator for TMV turns positive, indicating new upward trend
TMV saw its Momentum Indicator move above the 0 level on September 07, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 90 similar instances where the indicator turned positive. In of the 90 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for TMV just turned positive on September 15, 2023. Looking at past instances where TMV's MACD turned positive, the stock continued to rise in of 48 cases 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 TMV advanced for three days, in of 289 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 198 cases where TMV Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 13 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 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 September 25, 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.
Fundamental Analysis (Ratings)
Industry description
General Information
Category BearMarket
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| MMBUX | 11.63 | N/A | N/A |
| MassMutual Select TRP Sm&Mid Cap Blend I | |||
| DBMYX | 22.96 | -0.18 | -0.78% |
| BNY Mellon Sm/Md Cp Gr Y | |||
| HJIRX | 10.77 | -0.14 | -1.28% |
| Hardman Johnston Intl Gr Fd Retl Shr | |||
| JTKAX | 11.01 | -0.15 | -1.34% |
| JHancock Global Thematic Opps A | |||
| IHGIX | 30.02 | -0.44 | -1.44% |
| Hartford Dividend and Growth A | |||
TMV and
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.