TNA Forecast + Trading Strategies


Bullish Case: Recent 32.2% year-over-year price recovery and a 14% rise over the past week signal investor confidence and potential for ongoing bullish momentum, supported by favorable Helium forecast discrepancies indicating underestimated market opportunities.


Bearish Case: With a 39.7% decline from levels five years ago and consistently high implied volatilities suggesting market uncertainty, inherent structural weaknesses may continue to pressure TNA, inhibiting sustained positive performance.


Potential Outcomes:

1) Bullish continuation with moderate gains (60%).

2) Sideways movement reflecting market hesitation (25%).

3) Bearish reversal due to unresolved long-term issues (15%).


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May 07, 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 (0.98)


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


HOG Forecast + Options Trading Strategies   HOG  Harley-Davidson (0.89)


SQ Forecast + Options Trading Strategies   SQ  Square (0.88)


VB Forecast + Options Trading Strategies   VB  Vanguard Group, Inc. - Vanguard Small Cap (0.88)



Uncorrelated Stock Forecasts

Assets with little price relationship to TNA



WHR Forecast + Options Trading Strategies   WHR  Whirlpool (-0.0)


EOG Forecast + Options Trading Strategies   EOG  EOG Resources (-0.0)


NTES Forecast + Options Trading Strategies   NTES  NetEase (0.0)


WEC Forecast + Options Trading Strategies   WEC  WEC Energy (-0.0)


VFC Forecast + Options Trading Strategies   VFC  VF (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against TNA



DXD Forecast + Options Trading Strategies   DXD  ProShares UltraShort Dow30 (-0.76)


DRV Forecast + Options Trading Strategies   DRV  Direxion Daily Real Estate Bear 3X Shares (-0.82)


SRS Forecast + Options Trading Strategies   SRS  ProShares UltraShort Real Estate (-0.84)


SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (-0.89)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.89)





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