Free Daily Analysis
Stock Trend Analysis Report
Prepared for you on Friday, May 10, 2024.
Direxion Daily S&P 500 Bear 3X (PACF:SPXS)
Strong Downtrend (-100) - SPXS is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SPXS continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SPXS?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPXS.
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 SPXS
The long-term trend has been DOWN since Dec 1st, 2023 at 12.9700
The intermediate-term trend has been DOWN since May 6th, 2024 at 9.1800
The short-term trend has been DOWN since May 3rd, 2024 at 9.5429
Smart Scan Analysis for SPXS
Based on our trend formula, SPXS is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 9.1400 | 9.1799 | 8.9900 | 8.9901 | -0.1399 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.9900 | 24594752 | 2024-05-09 15:59:59 |
| Year High | 34.42 | Year High Date | 2018-02-09 |
| Year Low | 20.83 | Year Low Date | 2018-10-03 |
| 52wk High | 18.09 | 52wk High Date | 2023-10-27 |
| 52wk Low | 8.65 | 52wk Low Date | 2024-03-21 |
| Year End Close | 16.91 | Average Volume | 36,625,110 |
| Shares Outstanding | 20,977 | Assets | 1,635M |
| Beta | -2.74000000 | Volatility | 62.1 |