Direxion Shares Etf Technical Analysis

Overlap Analysis View

Forecast Models View

Price Shifting View

Volatility Indicators View

Value Movement View

A focus of Direxion Shares technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Direxion Shares 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 Shares ETF Technical Analysis

Direxion Shares ETF Trend Analysis

Use this graph to draw trend lines for Direxion Shares ETF. You can use it to identify possible trend reversals for Direxion Shares 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 Shares price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Direxion Shares Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Direxion Shares ETF applied against its price change over selected period. The best fit line has a slop of   0.08  , which means Direxion Shares ETF will continue generating value for investors. It has 122 observation points and a regression sum of squares at 249.19, which is the sum of squared deviations for the predicted Direxion Shares price change compared to its average price change.

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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Direxion Shares ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

The market value of Direxion Shares ETF 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 Shares' value that differs from its market value or its book value, called intrinsic value, which is Direxion Shares' 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 Shares' market value can be influenced by many factors that don't directly affect Direxion Shares' 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 Shares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Direxion Shares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Direxion Shares' 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.