WEBL Direxion Daily Dow Jones Int Bl 3X ETF Forecast, Technical & Fundamental Analysis
WEBL's RSI Indicator recovers from overbought zone
The 10-day RSI Indicator for WEBL moved out of overbought territory on December 17, 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 40 instances where the indicator moved out of the overbought zone. In of the 40 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 16 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 WEBL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
WEBL broke above its upper Bollinger Band on December 04, 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.
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for WEBL just turned positive on November 22, 2024. Looking at past instances where WEBL's MACD turned positive, the stock continued to rise in of 46 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 WEBL advanced for three days, in of 377 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 317 cases where WEBL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category Trading
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| ADNRX | 17.30 | 0.02 | +0.12% |
| American Beacon ARK Transfmt Innov R6 | |||
| SPQAX | 14.10 | N/A | N/A |
| PGIM Jennison Global Equity Income A | |||
| FCAJX | 12.68 | N/A | N/A |
| Fidelity Advisor Climate Action A | |||
| KGGAX | 11.93 | -0.09 | -0.75% |
| Kopernik Global All-Cap A | |||
| UBVRX | 82.89 | -1.01 | -1.20% |
| Undiscovered Managers Behavioral Val R2 | |||
WEBL and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, WEBL has been closely correlated with TQQQ. These tickers have moved in lockstep 86% of the time. This A.I.-generated data suggests there is a high statistical probability that if WEBL jumps, then TQQQ could also see price increases.
| Ticker / NAME | Correlation To WEBL | 1D Price Change % | ||
|---|---|---|---|---|
| WEBL | 100% | -1.72% | ||
| TQQQ - WEBL | 86% Closely correlated | -1.34% | ||
| QLD - WEBL | 86% Closely correlated | -0.89% | ||
| SSO - WEBL | 86% Closely correlated | -0.87% | ||
| SPXL - WEBL | 85% Closely correlated | -1.33% | ||
| FNGU - WEBL | 84% Closely correlated | -3.77% | ||
More | ||||