WANT Stock Direxion Daily Cnsmr Discret Bull 3X ETF (WANT, $49.32) RSI Indicator left the overbought zone on November 14, 2024

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WANT - Direxion Daily Cnsmr Discret Bull 3X ETF

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Odds of DOWN Trend

Price: $49.32

Daily change: -$2.22 (-4.31%)

Daily volume: 37.7K

Net Assets: $30.9M

WANT's RSI Oscillator recovers from overbought zone

The 10-day RSI Oscillator for WANT moved out of overbought territory on November 14, 2024. 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 39 instances where the indicator moved out of the overbought zone. In of the 39 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 8 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 WANT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

WANT broke above its upper Bollinger Band on November 06, 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 WANT entered a downward trend on October 25, 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.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 01, 2024. You may want to consider a long position or call options on WANT as a result. In of 73 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 WANT just turned positive on November 06, 2024. Looking at past instances where WANT's MACD turned positive, the stock continued to rise in of 42 cases 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 WANT advanced for three days, in of 366 cases, the price rose further within the following month. The odds of a continued upward trend are .