Free Daily Analysis
Stock Trend Analysis Report
Prepared for you on Tuesday, May 7, 2024.
Direxion Daily S&P 500 Bear 1X Shares (PACF:SPDN)
Bear Market Rally (-75) - SPDN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SPDN as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SPDN?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPDN.
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 SPDN
The long-term trend has been DOWN since Dec 1st, 2023 at 13.9600
The intermediate-term trend has been UP since Apr 12th, 2024 at 12.5250
The short-term trend has been DOWN since May 3rd, 2024 at 12.5876
Smart Scan Analysis for SPDN
Based on our trend formula, SPDN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 12.49 | 12.51 | 12.43 | 12.43 | -0.13 |
| Prev. Close | Volume | Bid | Ask | Time |
| 12.42 | 1403617 | 2024-05-06 15:59:42 |
| Year High | 32.23 | Year High Date | 2018-02-09 |
| Year Low | 27.5 | Year Low Date | 2018-10-03 |
| 52wk High | 15.64 | 52wk High Date | 2023-05-24 |
| 52wk Low | 12.1213 | 52wk Low Date | 2024-03-21 |
| Average Volume | 5,758,873 | Shares Outstanding | 9,200 |
| Volatility | 20.58 |