Bullish Case: Recent uptick in TNA prices and higher bullish risk relative to bearish risk indicate potential for continued upward momentum, especially in the short term.


Bearish Case: Long-term price decline and current flat price action with only a slight recent increase suggest caution and the possibility of a downturn.


Potential Outcomes:

1. Short-term gain due to bullish sentiment (50%).

2. Sideways movement reflecting uncertainty (30%).

3. Surprise bearish turn triggered by market conditions (20%).


Trading Oracle: Sign Up to access trading oracle trade ideas.


April 09, 2024


Direxion Daily Small Cap Bull 3X Shares Forecast

TNA        Direxion Daily Small Cap Bull 3X Shares
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with TNA



UWM Forecast + Options Trading Strategies   UWM  ProShares Ultra Russell2000 (0.99)


QRVO Forecast + Options Trading Strategies   QRVO  Qorvo (0.92)


BEN Forecast + Options Trading Strategies   BEN  Franklin Resources (0.91)


MHK Forecast + Options Trading Strategies   MHK  Mohawk Industries (0.89)


SPYD Forecast + Options Trading Strategies   SPYD  SPDR Series Trust - SPDR Portfolio S&P 500 High Dividend (0.89)



Uncorrelated Stock Forecasts

Assets with little price relationship to TNA



BJ Forecast + Options Trading Strategies   BJ  BJ's Wholesale Club (-0.0)


PTEN Forecast + Options Trading Strategies   PTEN  Patterson-UTI Energy (-0.01)


CNX Forecast + Options Trading Strategies   CNX  CNX Resources (-0.01)


FMC Forecast + Options Trading Strategies   FMC  FMC (0.01)


HRL Forecast + Options Trading Strategies   HRL  Hormel Foods (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against TNA



DXD Forecast + Options Trading Strategies   DXD  ProShares UltraShort Dow30 (-0.78)


DRV Forecast + Options Trading Strategies   DRV  Direxion Daily Real Estate Bear 3X Shares (-0.84)


SRS Forecast + Options Trading Strategies   SRS  ProShares UltraShort Real Estate (-0.85)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.91)


SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (-0.91)





Become a more profitable investor with AI optimized trading strategies






×

Chat with TNA


 Ask me any question!