TYO Direxion Daily 7-10 Yr Trs Bear 3X ETF Forecast, Technical & Fundamental Analysis

TYO in downward trend: 10-day moving average moved below 50-day moving average on November 14, 2023

The 10-day moving average for TYO crossed bearishly below the 50-day moving average on November 14, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 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 .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 01, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on TYO as a result. In of 90 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

TYO moved below its 50-day moving average on November 14, 2023 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where TYO 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 TYO entered a downward trend on December 04, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 13 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 TYO advanced for three days, in of 279 cases, the price rose further within the following month. The odds of a continued upward trend are .

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

Fundamental Analysis (Ratings)