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Index Trend Analysis Report

Prepared for you on Tuesday, October 20, 2020.

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

Bear Market Rally (-75) - TECS is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on TECS as it may be in the beginning of a reversal.

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
11.5644 12.2899 11.5644 12.0483 -0.1665
Entry Signal

MarketClub’s Trade Triangles for TECS

long term down The long-term trend has been DOWN since Aug 3rd, 2020 at 17.0737

intermediate term down The intermediate-term trend has been DOWN since Sep 30th, 2020 at 12.8582

short term up The short-term trend has been UP since Oct 19th, 2020 at 11.9437

Smart Scan Analysis for TECS

Based on our trend formula, TECS is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for TECS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.5644 12.2899 11.5644 12.0483 -0.1665
Prev. Close Volume Bid Ask Time
13.5890 0 2020-10-20 15:50:54
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