Free Daily Analysis
Stock Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Direxion Daily S&P 500 Bear 1X Shares (PACF:SPDN)
Bull Market Weakness (+75) - SPDN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SPDN as it may be in the beginning stages 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 Jul 24th, 2024 at 11.8067
The short-term trend has been UP since Jul 17th, 2024 at 11.5300
Smart Scan Analysis for SPDN
Based on our trend formula, SPDN is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 11.89 | 11.90 | 11.78 | 11.84 | -0.13 |
| Prev. Close | Volume | Bid | Ask | Time |
| 11.97 | 3761792 | 2024-07-26 15:59:59 |
| Year High | 32.23 | Year High Date | 2018-02-09 |
| Year Low | 27.5 | Year Low Date | 2018-10-03 |
| 52wk High | 15.575 | 52wk High Date | 2023-10-27 |
| 52wk Low | 11.38 | 52wk Low Date | 2024-07-16 |
| Average Volume | 2,511,091 | Shares Outstanding | 9,200 |
| Volatility | 20.58 |