Free Daily Analysis
Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Direxion Daily CSI China Internet Index Bull 2X Shares (PACF:CWEB)
Countertrend Up (+85) - CWEB is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid CWEB?
MarketClub looks at technical strength and momentum to determine if the timing is right for CWEB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CWEB
The long-term trend has been UP since Apr 24th, 2024 at 33.15
The intermediate-term trend has been UP since Apr 24th, 2024 at 32.49
The short-term trend has been DOWN since May 8th, 2024 at 37.09
Smart Scan Analysis for CWEB
Based on our trend formula, CWEB is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 38.7400 | 39.1100 | 37.8695 | 38.4600 | +1.3300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 37.1300 | 265853 | 2024-05-09 14:40:53 |
| Year High | 69.08 | Year High Date | 2018-01-26 |
| Year Low | 19.76 | Year Low Date | 2018-10-30 |
| 52wk High | 49.71 | 52wk High Date | 2023-07-31 |
| 52wk Low | 23.2 | 52wk Low Date | 2024-01-22 |
| Average Volume | 536,556 | Shares Outstanding | 2,245 |
| Volatility | 106.43 |