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.
MarketClub’s Trade Triangles for TECS
The long-term trend has been DOWN since Aug 3rd, 2020 at 17.0737
The intermediate-term trend has been DOWN since Sep 30th, 2020 at 12.8582
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).