Direxion Daily AMZN Bear 1X Shares (AMZD)

Direxion Daily AMZN Bear 1X Shares is trading at $8.29, up 0.24% on the session. The 50 day average sits at $8.53 and the 200 day at $9.38, which puts the stock in a downtrend. RSI is at 42.3, which reads as weak, and MACD is bearish crossover. Volume is above average.

The nearest support is around $8.28 with resistance near $8.54, so that band frames the current range. Average daily movement is roughly $0.21, or about 2.5% of the share price, which is what any stop placement has to allow for. The overall health score of 40 out of 100 combines a trend score of 19, momentum of 30 and a risk score of 89.

The fund, under normal circumstances, invests at least 80% of the it’s net assets (plus borrowings for investment purposes) in financial instruments, including swap agreements and options, that, in combination, provide 1X daily inverse (opposite) or short exposure to AMZN, consistent with the fund’s investment objective. It is non-diversified.