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Stock Trend Analysis Report

Prepared for you on Sunday, July 21, 2024.

Direxion Daily S&P 500 Bear 1X Shares (PACF:SPDN)

Sidelines Mode (-55) - SPDN 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 SPDN?

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

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

PACF_SPDN
Open High Low SPDN Price Change
11.6500 11.7500 11.6250 11.7312 +0.0812
Entry Signal

MarketClub’s Trade Triangles for SPDN

long term down The long-term trend has been DOWN since Dec 1st, 2023 at 13.96

intermediate term down The intermediate-term trend has been DOWN since May 7th, 2024 at 12.40

short term up The short-term trend has been UP since Jul 17th, 2024 at 11.53

Smart Scan Analysis for SPDN

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

-55
Smart Scan Analysis for SPDN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.6500 11.7500 11.6250 11.7312 +0.0812
Prev. Close Volume Bid Ask Time
11.7300 2646143 2024-07-19 15:58:18
Year High32.23Year High Date2018-02-09
Year Low27.5Year Low Date2018-10-03
52wk High15.57552wk High Date2023-10-27
52wk Low11.3852wk Low Date2024-07-16
Average Volume2,010,211Shares Outstanding9,200
Volatility20.58
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