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Stock Trend Analysis Report

Prepared for you on Tuesday, October 3, 2023.

Direxion Daily S&P 500 Bear 3X (PACF:SPXS)

Sidelines Mode (-55) - SPXS is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

PACF_SPXS
Open High Low SPXS Price Change
15.8600 16.1100 15.6500 15.8027 +0.0227
Entry Signal

MarketClub’s Trade Triangles for SPXS

long term down The long-term trend has been DOWN since Dec 1st, 2022 at 18.725

intermediate term up The intermediate-term trend has been UP since Sep 20th, 2023 at 14.520

short term down The short-term trend has been DOWN since Sep 29th, 2023 at 15.440

Smart Scan Analysis for SPXS

Based on our trend formula, SPXS is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for SPXS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.8600 16.1100 15.6500 15.8027 +0.0227
Prev. Close Volume Bid Ask Time
15.7900 26883007 2023-10-02 15:59:43
Year High34.42Year High Date2018-02-09
Year Low20.83Year Low Date2018-10-03
52wk High31.4252wk High Date2022-10-13
52wk Low12.6952wk Low Date2023-07-27
Year End Close16.91Average Volume20,821,675
Shares Outstanding20,977Assets1,635M
Beta-2.74000000Volatility62.1
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