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Stock Trend Analysis Report

Prepared for you on Saturday, July 20, 2024.

Direxion Daily S&P 500 Bear 3X (PACF:SPXS)

Sidelines Mode (-55) - SPXS 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 SPXS?

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

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

PACF_SPXS
Open High Low SPXS Price Change
7.570 7.750 7.500 7.715 +0.165
Entry Signal

MarketClub’s Trade Triangles for SPXS

long term down The long-term trend has been DOWN since Dec 1st, 2023 at 12.97

intermediate term down The intermediate-term trend has been DOWN since May 6th, 2024 at 9.18

short term up The short-term trend has been UP since Jul 17th, 2024 at 7.36

Smart Scan Analysis for SPXS

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

-55
Smart Scan Analysis for SPXS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.570 7.750 7.500 7.715 +0.165
Prev. Close Volume Bid Ask Time
7.720 50749085 2024-07-19 15:59:30
Year High34.42Year High Date2018-02-09
Year Low20.83Year Low Date2018-10-03
52wk High18.0952wk High Date2023-10-27
52wk Low7.0552wk Low Date2024-07-16
Year End Close16.91Average Volume35,224,946
Shares Outstanding20,977Assets1,635M
Beta-2.74000000Volatility62.1
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