Direxion Shares (Mexico) Technical Analysis
| FAZ Etf | MXN 198.24 1.76 0.88% |
As of the 18th of April 2024, Direxion Shares shows the Mean Deviation of 2.01, variance of 7.2, and Standard Deviation of 2.68. Direxion Shares ETF technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the entity's future prices. 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 analyze thirteen technical drivers for Direxion Shares ETF, which can be compared to its peers. Please confirm Direxion Shares ETF standard deviation, as well as the relationship between the treynor ratio and potential upside to decide if Direxion Shares ETF is priced favorably, providing market reflects its regular price of 198.24 per share.
Direxion Shares 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 DirexionDirexion |
Direxion Shares 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.
Direxion Shares ETF Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. 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 Shares ETF volatility. High ATR values indicate high volatility, and low values indicate low volatility.
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 0.9 , which may suggest that Direxion Shares ETF market price will keep on failing further. It has 122 observation points and a regression sum of squares at 30537.4, which is the sum of squared deviations for the predicted Direxion Shares price change compared to its average price change.About Direxion Shares 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 Shares ETF 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 Shares ETF based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Direxion Shares ETF price pattern first instead of the macroeconomic environment surrounding Direxion Shares ETF. By analyzing Direxion Shares'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 Shares'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 Shares specific price patterns or momentum indicators. Please read more on our technical analysis page.
Direxion Shares April 18, 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.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.04) | |||
| Market Risk Adjusted Performance | 0.1939 | |||
| Mean Deviation | 2.01 | |||
| Coefficient Of Variation | (1,370) | |||
| Standard Deviation | 2.68 | |||
| Variance | 7.2 | |||
| Information Ratio | (0.09) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | 0.1839 | |||
| Maximum Drawdown | 12.07 | |||
| Value At Risk | (4.61) | |||
| Potential Upside | 4.76 | |||
| Skewness | 0.3551 | |||
| Kurtosis | 0.4211 |
Direxion Shares ETF One Year Return
Based on the recorded statements, Direxion Shares ETF has an One Year Return of -84.97%. This is much higher than that of the Direxion Funds family and significantly lower than that of the One Year Return category. The one year return for all Mexico etfs is notably higher than that of the company.
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.Direxion Shares April 18, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Direxion stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 46.68 | ||
| Daily Balance Of Power | (0.34) | ||
| Rate Of Daily Change | 0.99 | ||
| Day Median Price | 197.43 | ||
| Day Typical Price | 197.70 | ||
| Price Action Indicator | (0.06) | ||
| Market Facilitation Index | 0 |
Check out Investing Opportunities 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 tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the Direxion Shares ETF information on this page should be used as a complementary analysis to other Direxion Shares' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.