Stock Price Evaluation for Direxion Daily Gold Miners Index Bear 3X Shares (:DUST) as Shares Tick 2.00713649

Investors may be trying to gauge the current business cycle phase and how that could potentially impact the portfolio. Business cycles can be one way to analyze portfolio performance. Early on in the cycle, profits tend to grow rapidly, sales tend to improve, and activity rebounds. In the middle of a cycle, growth may be peaking, strong credit growth may still be seen, and policy may swing neutral. Toward the later stages, growth may be moderate, earnings may come under pressure, and credit may tighten. Heading into a period of recession, credit may completely dry up, profits may decline sharply, and there may be policy easing. Investors will often have to adjust portfolio holdings that reflect the current state of a business cycle.

Looking at the volatility for Direxion Daily Gold Miners Index Bear 3X Shares (:DUST), we note that the current reading is 3.17320405. High volatility may show how the stock’s value can possibly be spread out over a larger range of values. Lower volatility points to the fact that a stock tends to be steadier. Weekly stock volatility clocks in at 4.73955836 while volatility for the month comes in at 5.69918593. The current Bull Bear Power reading for the stock is 0.40863804.

The Donchian Channels indicator can be used to figure out if a market is overbought or oversold. A price breakthrough of either the upper or lower band may signal these conditions. The current reading for the 20 day lower band is 21.42. The current reading for the 20 day upper band is 23.8532.

Technical analysts will note that the Awesome Oscillator reading is presently -0.00326088. This oscillator may fluctuate above and below a zero line and can be used to create a wide variety of trading signals.

Traders have the ability to use many different indicators when studying stocks. The Ichimoku Cloud is a highly popular indicator that helps display support and resistance. Looking at some Ichimoku levels, we note that the Ichimoku Cloud Base Line level is 22.735. The Ichimoku Could Conversion Line reading is 22.8116. From another angle, the Ichimoku Lead 1 is presently 22.5275, and the Lead 2 level is 20.675.

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Investors are often searching through all the numbers to help decide which stocks to purchase. Taking a closer look at shares of Direxion Daily Gold Miners Index Bear 3X Shares (:DUST), we see that the stock’s latest close price was 22.89. Tracking historical price information can help investors see the bigger picture when looking at a stock. Since the beginning of the year, shares have seen a change of 0.04374453. Over the last full year, shares have moved -1.50732127. Bringing the focus in, the stock has changed 28.91770011 over the past three months, 3.20397112 over the last month, and 2.00713649 over the last week. Traders will be closely watching to see what happens to the stock price over the next couple of sessions.

Traders often use pivot point analysis to calculate proper support and resistance levels. Pivot points can be used as markers for traders to identify entry and exit positions. We can now take a look at some one month pivot points:

Fibonacci: 22.42333333
Fibonacci support 1: 21.64405333
Fibonacci support 2: 21.16261333
Woodie: 22.415
Woodie support 1: 21.37
Woodie resistance 1: 23.41
Camarilla: 22.42333333
Classic: 22.42333333
Classic resistance 1: 23.42666667
Classic support 1: 21.38666667

Scanning the levels on shares of Direxion Daily Gold Miners Index Bear 3X Shares (:DUST), investors might be seeing how close the current price is in relation to some historical high and low prices. Looking out over the previous 3 months, we note that the high/low is 24.52/16.01. Over the past 1 month, the high/low is 24.52/20.46. Looking back over the last full-year, the high price is 48.79, and the low price sits at 15.75. For the last six months, the high was seen at 35.3, and the low was noted at 15.75.

Investors may be trying to gauge the current business cycle phase and how that could potentially impact the portfolio. Business cycles can be one way to analyze portfolio performance. Early on in the cycle, profits tend to grow rapidly, sales tend to improve, and activity rebounds. In the middle of a cycle, growth may be peaking, strong credit growth may still be seen, and policy may swing neutral. Toward the later stages, growth may be moderate, earnings may come under pressure, and credit may tighten. Heading into a period of recession, credit may completely dry up, profits may decline sharply, and there may be policy easing. Investors will often have to adjust portfolio holdings that reflect the current state of a business cycle.

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