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.
MarketClub’s Trade Triangles for TECS
The long-term trend has been UP since Apr 23rd, 2020 at 10.4421
The intermediate-term trend has been DOWN since May 18th, 2020 at 28.6021
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).