Free Daily Analysis

Index Trend Analysis Report

Prepared for you on Wednesday, May 27, 2020.

Direxion Daily S&P 500 Bull 3X Shares (GIF:SPXL)

Bull Market Weakness (+75) - SPXL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SPXL as it may be in the beginning stages of a reversal.

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

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

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

GIF_SPXL
Open High Low SPXL Price Change
37.213 40.303 37.213 40.303 +1.709
Entry Signal

MarketClub’s Trade Triangles for SPXL

long term down The long-term trend has been DOWN since Feb 27th, 2020 at 55.252

intermediate term up The intermediate-term trend has been UP since Apr 14th, 2020 at 33.007

short term up The short-term trend has been UP since May 18th, 2020 at 36.425

Smart Scan Analysis for SPXL

Based on our trend formula, SPXL is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for SPXL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
37.213 40.303 37.213 40.303 +1.709
Prev. Close Volume Bid Ask Time
27.404 0 2020-05-27 19:14:55
Get a free daily analysis and signals for Direxion Daily S&P 500 Bull 3X Shares (SPXL) - Request Your Free Report.