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Stock Trend Analysis Report

Prepared for you on Thursday, June 8, 2023.

Direxion Daily TSLA Bear 1X Shares (NASDAQ:TSLS)

Long-Term Downtrend (-90) - TSLS is in a strong downtrend that is likely to continue. While TSLS is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid TSLS?

MarketClub looks at technical strength and momentum to determine if the timing is right for TSLS.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_TSLS
Open High Low TSLS Price Change
23.029 23.577 22.777 23.438 -0.345
Entry Signal

MarketClub’s Trade Triangles for TSLS

long term down The long-term trend has been DOWN since Feb 2nd, 2023 at 28.922

intermediate term down The intermediate-term trend has been DOWN since May 19th, 2023 at 29.892

short term down The short-term trend has been DOWN since May 18th, 2023 at 30.333

Smart Scan Analysis for TSLS

Based on our trend formula, TSLS is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for TSLS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
23.029 23.577 22.777 23.438 -0.345
Prev. Close Volume Bid Ask Time
23.790 0 2023-06-07 16:29:53
52wk High58.0552wk High Date2023-01-06
52wk Low22.7952wk Low Date2022-09-21
Average Volume457,873
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