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Index Trend Analysis Report

Prepared for you on Wednesday, May 27, 2020.

Direxion Daily Technology Bear 3X Shares (GIF:TECS)

Sidelines Mode (-55) - TECS 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 TECS?

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

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

GIF_TECS
Open High Low TECS Price Change
27.8095 29.6904 27.4340 27.4504 -0.4557
Entry Signal

MarketClub’s Trade Triangles for TECS

long term up The long-term trend has been UP since Apr 23rd, 2020 at 10.4421

intermediate term down The intermediate-term trend has been DOWN since May 18th, 2020 at 28.6021

short term up The short-term trend has been UP since May 27th, 2020 at 28.9292

Smart Scan Analysis for TECS

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

-55
Smart Scan Analysis for TECS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
27.8095 29.6904 27.4340 27.4504 -0.4557
Prev. Close Volume Bid Ask Time
5.3246 0 2020-05-27 19:14:44
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