Direxion Daily Ftse Etf Technical Analysis

YANG Etf  USD 11.62  0.38  3.17%   
As of the 29th of March, Direxion Daily shows the Mean Deviation of 4.3, variance of 29.85, and Standard Deviation of 5.46. In respect to fundamental indicators, the technical analysis model provides you with a way to check existing technical drivers of Direxion Daily, as well as the relationship between them. Put another way, you can use this information to find out if the entity will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate thirteen technical drivers for Direxion Daily FTSE, which can be compared to its rivals. Please confirm Direxion Daily FTSE market risk adjusted performance, variance, as well as the relationship between the Variance and value at risk to decide if Direxion Daily FTSE is priced favorably, providing market reflects its regular price of 11.62 per share.

Direxion Daily Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Direxion, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Direxion
  
Direxion Daily's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Direxion Daily technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
A focus of Direxion Daily technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Direxion Daily trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Direxion Daily FTSE Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Direxion Daily FTSE volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Direxion Daily FTSE Trend Analysis

Use this graph to draw trend lines for Direxion Daily FTSE. You can use it to identify possible trend reversals for Direxion Daily as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Direxion Daily price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Direxion Daily Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Direxion Daily FTSE applied against its price change over selected period. The best fit line has a slop of   0.09  , which may suggest that Direxion Daily FTSE market price will keep on failing further. It has 122 observation points and a regression sum of squares at 273.66, which is the sum of squared deviations for the predicted Direxion Daily price change compared to its average price change.

About Direxion Daily Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Direxion Daily FTSE on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Direxion Daily FTSE based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Direxion Daily FTSE price pattern first instead of the macroeconomic environment surrounding Direxion Daily FTSE. By analyzing Direxion Daily's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Direxion Daily's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Direxion Daily specific price patterns or momentum indicators. Please read more on our technical analysis page.

Direxion Daily March 29, 2024 Technical Indicators

Most technical analysis of Direxion help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Direxion from various momentum indicators to cycle indicators. When you analyze Direxion charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Direxion Daily FTSE One Year Return

Based on the recorded statements, Direxion Daily FTSE has an One Year Return of 15.2%. This is 212.51% lower than that of the Direxion Funds family and notably lower than that of the Trading--Inverse Equity category. The one year return for all United States etfs is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
When determining whether Direxion Daily FTSE offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Direxion Daily's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Direxion Daily Ftse Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Direxion Daily Ftse Etf:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Direxion Daily FTSE. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.

Complementary Tools for Direxion Etf analysis

When running Direxion Daily's price analysis, check to measure Direxion Daily's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Direxion Daily is operating at the current time. Most of Direxion Daily's value examination focuses on studying past and present price action to predict the probability of Direxion Daily's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Direxion Daily's price. Additionally, you may evaluate how the addition of Direxion Daily to your portfolios can decrease your overall portfolio volatility.
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The market value of Direxion Daily FTSE is measured differently than its book value, which is the value of Direxion that is recorded on the company's balance sheet. Investors also form their own opinion of Direxion Daily's value that differs from its market value or its book value, called intrinsic value, which is Direxion Daily's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Direxion Daily's market value can be influenced by many factors that don't directly affect Direxion Daily's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Direxion Daily's value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Daily is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Daily's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.