Direxion Daily AMZN Bear 1X Shares AMZD
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Direxion Daily AMZN Bear 1X Shares (AMZD) Investment Strategy and Portfolio Holdings Overview
The fund will enter into one or more swap agreements with major global financial institutions whereby the fund and the global financial institution will agree to exchange the return earned on an investment by the fund in AMZN that is equal, on a daily basis, to -100% of the value of the fund's net assets. It is non-diversified.
Key Insights
Direxion Daily AMZN Bear 1X Shares (AMZD) Essential ETF Metrics and Performance Data
Latest Closing Price
$11.78Market Cap
$4.79 MillionAverage Trade Volume
251,982 SharesTotal Outstanding Shares
380,000 SharesInception Date
September 7, 2022Primary Exchange
NASDAQ
Short Volume
Daily short volume activity identifies short-term trading pressure and potential price volatility
Revenue Breakdown
Distribution of revenue across unique business segments & geographies
Historical Stock Splits
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