At this time the relative strength momentum indicator of Direxion Daily's share price is below 20 suggesting that its stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards.
Oversold Vs Overbought
Direxion Daily Regional etf price prediction is an act of determining the future value of Direxion Daily shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of Direxion Daily's future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of Direxion Daily and does not consider all of the tangible or intangible factors available from Direxion Daily's fundamental data. We analyze noise-free headlines and recent hype associated with Direxion Daily Regional, which may create opportunities for some arbitrage if properly timed.
It is a matter of debate whether etf price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of Direxion Daily based on different types of headlines from major news networks to social media. The Direxion price prediction module provides an analysis of price elasticity to changes in media outlook on Direxion Daily over a specific investment horizon. Using Direxion Daily hype-based prediction, you can estimate the value of Direxion Daily Regional from the perspective of Direxion Daily response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Direxion Daily using Direxion Daily's stock options and short interest. It helps to benchmark the overall future attitude of investors towards Direxion using crowd psychology based on the activity and movement of Direxion Daily's stock price.
Direxion Daily Implied Volatility
Direxion Daily's implied volatility exposes the market's sentiment of Direxion Daily Regional stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Direxion Daily's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Direxion Daily stock will not fluctuate a lot when Direxion Daily's options are near their expiration.
This module is based on analyzing investor sentiment around taking a position in Direxion Daily. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in Direxion Daily to buy its etf at a price that has no basis in reality. In that case, they are not buying Direxion because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell etfs at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Direxion Daily after-hype prediction price
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as etf price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Prediction based on Rule 16 of the current Direxion contract
Based on the Rule 16, the options market is currently suggesting that Direxion Daily Regional will have an average daily up or down price movement of about 11.12% per day over the life of the 2024-02-23 option contract. With Direxion Daily trading at USD 70.56, that is roughly USD 7.85 . If you think that the market is fully incorporating Direxion Daily's daily price movement you should consider acquiring Direxion Daily Regional options at the current volatility level of 177.89%. But if you have an opposite viewpoint you should avoid it and even consider selling them.Check out Direxion Daily Basic Forecasting Models to cross-verify your projections.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Direxion Daily's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Direxion Daily in the context of predictive analytics.
Direxion Daily After-Hype Price Prediction Density Analysis
As far as predicting the price of Direxion Daily at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Direxion Daily or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Etf prices, such as prices of Direxion Daily, with the unreliable approximations that try to describe financial returns.
Direxion Daily Estimiated After-Hype Price Volatility
In the context of predicting Direxion Daily's etf value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Direxion Daily's historical news coverage. Direxion Daily's after-hype downside and upside margins for the prediction period are 63.53 and 75.77, respectively. We have considered Direxion Daily's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Direxion Daily Etf Price Prediction Analysis
Have you ever been surprised when a price of a ETF such as Direxion Daily is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Direxion Daily backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Etf price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Direxion Daily, there might be something going there, and it might present an excellent short sale opportunity.
2 Events / Month
2 Events / Month
In a few days
|Latest traded price
|Expected after-news price
|Potential return on next major news
|Average after-hype volatility
Direxion Daily Hype TimelineDirexion Daily Regional is currently traded for 70.56. The entity has historical hype elasticity of -0.91 and average elasticity to hype of competition of 0.12. Direxion is projected to decline in value after the next headline with the price expected to drop to 69.65. The average volatility of media hype impact on the company price is over 100%. The price decrease on the next newsis expected to be -1.29% whereas the daily expected return is currently at 0.45%. The volatility of related hype on Direxion Daily is about 2376.7% with expected price after next announcement by competition of 70.68. The company has price-to-book (P/B) ratio of 1.59. Some equities with similar Price to Book (P/B) outperform the market in the long run. Direxion Daily Regional had 1-10 split on the 23rd of April 2020. Given the investment horizon of 90 days the next projected press release will be in a few days. Check out Direxion Daily Basic Forecasting Models to cross-verify your projections.
Direxion Daily Related Hype Analysis
Having access to credible news sources related to Direxion Daily's direct competition is more important than ever and may enhance your ability to predict Direxion Daily's future price movements. Getting to know how Direxion Daily rivals react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Direxion Daily may potentially react to the hype associated with one of its peers.
Direxion Daily Additional Predictive ModulesMost predictive techniques to examine Direxion price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Direxion using various technical indicators. When you analyze Direxion charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
About Direxion Daily Predictive Indicators
Story Coverage note for Direxion Daily
The number of cover stories for Direxion Daily depends on current market conditions and Direxion Daily's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Direxion Daily is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Direxion Daily's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Direxion Daily Short Properties
Direxion Daily's future price predictability will typically decrease when Direxion Daily's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Direxion Daily Regional often depends not only on the future outlook of the potential Direxion Daily's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Direxion Daily's indicators that are reflective of the short sentiment are summarized in the table below.When determining whether Direxion Daily Regional is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Direxion Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Direxion Daily Regional Etf. Highlighted below are key reports to facilitate an investment decision about Direxion Daily Regional Etf:
Check out Direxion Daily Basic Forecasting Models to cross-verify your projections.You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
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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 Regional 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.