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Stock Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU)
Bull Market Weakness (+75) - NVDU is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NVDU as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid NVDU?
MarketClub looks at technical strength and momentum to determine if the timing is right for NVDU.
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 NVDU
The long-term trend has been UP since Nov 9th, 2023 at 27.075
The intermediate-term trend has been DOWN since Apr 4th, 2024 at 60.275
The short-term trend has been UP since May 3rd, 2024 at 61.102
Smart Scan Analysis for NVDU
Based on our trend formula, NVDU is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 61.3500 | 63.8400 | 61.3500 | 63.6076 | +0.5476 |
| Prev. Close | Volume | Bid | Ask | Time |
| 63.0600 | 123667 | 2024-05-08 10:36:15 |
| 52wk High | 74.51 | 52wk High Date | 2024-03-08 |
| 52wk Low | 20.18 | 52wk Low Date | 2023-10-31 |
| Average Volume | 412,487 |