Direxion Daily Gold Miners Bear 3X ETF Forecast

$9.74
-0.770 (-7.33%)
At Close: Mar 27, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Direxion Daily Gold Miners Bear 3X ETF price fell more than -7.33% Wednesday closing at $9.74
(Updated on Mar 27, 2024)

Sell candidate since Mar 26, 2024 Loss -7.33% PDF

The Direxion Daily Gold Miners Bear 3X ETF price fell by -7.33% on the last day (Wednesday, 27th Mar 2024) from $10.51 to $9.74. During the last trading day the ETF fluctuated 6.78% from a day low at $9.74 to a day high of $10.40. The price has risen in 7 of the last 10 days but is still down by -6.35% for this period. Volume has increased on the last day by 5 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 8 million shares were bought and sold for approximately $74.00 million.

The ETF lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $9.47 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -4.07% during the next 3 months and, with a 90% probability hold a price between $9.08 and $13.68 at the end of this 3-month period.

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DUST Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Direxion Daily Gold Miners Bear 3X ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $10.45 and $12.13. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, February 28, 2024, and so far it has fallen -32.64%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.

Support, Risk & Stop-loss for Direxion Daily Gold Miners Bear 3X ETF

There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.

This ETF may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this ETF is considered to be "high risk". During the last day, the ETF moved $0.660 between high and low, or 6.78%. For the last week, the ETF has had daily average volatility of 4.88%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (DUST) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Direxion Daily Gold Miners Bear 3X ETF to open at $9.96, and during the day (based on 14 day Average True Range), to move between $9.14 and $10.34, which gives a possible trading interval of +/-$0.598 (+/-6.14%) up or down from last closing price. If Direxion Daily Gold Miners Bear 3X ETF takes out the full calculated possible swing range there will be an estimated 12.27% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $10.40, some $0.660 (6.78%) from the current price of $9.74, our system finds the risk reward not very attractive.

Is Direxion Daily Gold Miners Bear 3X ETF ETF A Buy?

Direxion Daily Gold Miners Bear 3X holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.

Current score: -4.484 Sell Candidate Unchanged

Predicted Opening Price for Direxion Daily Gold Miners Bear 3X ETF of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$9.96 ( 2.26%) $9.74

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for DUST

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 10.62 9.03 %
R2 10.37 6.45 %
R1 10.21 4.85 %
Current price: 9.74
Support S1 9.71 -0.330 %
S2 9.55 -1.93 %
S3 9.30 -4.52 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 11.57 18.79 %
R2 10.88 11.70 %
R1 10.40 6.78 %
Current price 9.74
Support S1 0 .
S2 0 .
S3 0 .

DUST Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 18, 2024 Mar 19, 2024 Mar 26, 2024 $0.152 1.44%
2 Dec 21, 2023 Dec 21, 2023 Dec 21, 2023 $0.0640 0.640%
3 Feb 10, 2023 Sep 19, 2023 Sep 26, 2023 $0.137 0.99%
4 Feb 10, 2023 Jun 21, 2023 Jun 28, 2023 $0.0980 0.761%
5 Feb 10, 2023 Mar 21, 2023 Mar 28, 2023 $0.157 1.45%

FAQ

What is the symbol for Direxion Daily Gold Miners Bear 3X ETF ETF and on which exchange is it traded?
The symbol for Direxion Daily Gold Miners Bear 3X ETF is DUST and it is traded on the NYSEARCA (NYSE Arca).

Should I buy or sell Direxion Daily Gold Miners Bear 3X ETF ETF?
Direxion Daily Gold Miners Bear 3X holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.

How to buy Direxion Daily Gold Miners Bear 3X ETF ETF?
Direxion Daily Gold Miners Bear 3X ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Direxion Daily Gold Miners Bear 3X ETF ETF.

What's the current price of Direxion Daily Gold Miners Bear 3X ETF ETF?
As of the end of day on the 2024-03-27, the price of an Direxion Daily Gold Miners Bear 3X ETF (DUST) share was $9.74.

What is the 52-week high and low for Direxion Daily Gold Miners Bear 3X ETF ETF?
The 52-week high for Direxion Daily Gold Miners Bear 3X ETF ETF is $16.17 and the 52-week low is $8.47.

What is the market capitalization of Direxion Daily Gold Miners Bear 3X ETF ETF?
As of the 2024-03-27, the market capitalization of Direxion Daily Gold Miners Bear 3X ETF is 141.031M.
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About Direxion Daily Gold Miners Bear 3X ETF

The investment seeks daily investment results before fees and expenses of 200% of the inverse of the daily performance of the NYSE Arca Gold Miners Index. The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse or short leveraged exposure to the index equal to at least 80% of the fund's net assets. The index is a modified market capitalization weighted index... DUST Profile

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