TSLS Stock Tickeron detected bearish ETF Pattern: Triangle Symmetrical Bottom TSLS on September 05, 2024, netting in a 0.05% gain over 1 month

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TSLS - Direxion Daily TSLA Bear 1X Shares

Ticker: TSLS

Company: Direxion Daily TSLA Bear 1X Shares

Gain from shortening: +0.05%

Confirmed: 09/05/24

Succeeded: 10/23/24

Total length: 49 days

Momentum Indicator for TSLS turns negative, indicating new downward trend

TSLS saw its Momentum Indicator move below the 0 level on October 24, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 33 similar instances where the indicator turned negative. In of the 33 cases, the stock moved further down in the following days. The odds of a decline are at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for TSLS turned negative on October 24, 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 17 similar instances when the indicator turned negative. In of the 17 cases the stock turned lower in the days that followed. This puts the odds of success at .

TSLS moved below its 50-day moving average on October 24, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for TSLS crossed bearishly below the 50-day moving average on October 25, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 7 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 TSLS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where TSLS's RSI Indicator exited the oversold zone, of 10 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 14 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 TSLS advanced for three days, in of 128 cases, the price rose further within the following month. The odds of a continued upward trend are .

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