Free Daily Analysis
Stock Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Direxion Daily S&P 500 Bear 1X Shares (PACF:SPDN)
Countertrend Down (-85) - SPDN is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 13.96
The intermediate-term trend has been DOWN since Nov 6th, 2024 at 11.01
The short-term trend has been UP since Nov 14th, 2024 at 10.91
Smart Scan Analysis for SPDN
Based on our trend formula, SPDN is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 11.100 | 11.115 | 10.980 | 11.005 | -0.035 |
| Prev. Close | Volume | Bid | Ask | Time |
| 11.010 | 7772371 | 2024-11-19 15:59:12 |
| Year High | 32.23 | Year High Date | 2018-02-09 |
| Year Low | 27.5 | Year Low Date | 2018-10-03 |
| 52wk High | 14.18 | 52wk High Date | 2023-11-20 |
| 52wk Low | 10.8 | 52wk Low Date | 2024-11-11 |
| Average Volume | 5,291,691 | Shares Outstanding | 9,200 |
| Volatility | 20.58 |