Free Daily Analysis
Stock Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD)
Strong Downtrend (-100) - NVDD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NVDD continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid NVDD?
MarketClub looks at technical strength and momentum to determine if the timing is right for NVDD.
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 NVDD
The long-term trend has been DOWN since Nov 9th, 2023 at 23.535
The intermediate-term trend has been DOWN since May 3rd, 2024 at 11.415
The short-term trend has been DOWN since May 3rd, 2024 at 11.456
Smart Scan Analysis for NVDD
Based on our trend formula, NVDD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 11.312 | 11.312 | 11.109 | 11.200 | +0.020 |
| Prev. Close | Volume | Bid | Ask | Time |
| 11.170 | 0 | 2024-05-08 16:29:07 |
| 52wk High | 28.21 | 52wk High Date | 2023-10-31 |
| 52wk Low | 10.715 | 52wk Low Date | 2024-03-25 |
| Average Volume | 199,513 |