Direxion Daily Dow Jones Internet Bear 3x Shares | WEBS

Daily Technical Analysis of Direxion Daily Dow Jones Internet Bear 3x Shares

The ETF is down on the day, since yesterday the market segment is down -2.75%.

Currently WEBS isn't at a clear support/resistance line that seems tradable. Direxion Daily Dow Jones Internet Bear 3x Shares hasn't shown a lot of strength recently, shareholders don't seem that energized about the ETF's future prospects. WEBS might find some support at the 7.7 level, buyers might push the price back up from here. But it's not very clear what will happen.

Last analyzed on 2024-11-13

Companies with the highest correlation to Direxion Daily Dow Jones Internet Bear 3x Shares

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Short Interest Score
SQ \| Block, Inc.	1.79	-0.47	1.62	23.87	39.62	39.62	54.67	80	15.78	11.88	13.66	0.00	-21383.28	0	2.50657
NOW \| SERVICENOW, INC.	1.76	1.29	5.50	12.23	24.05	45.51	57.38	87	122.77	56.86	48.33	0.00	-42709.73	0	1.73847
TWLO \| Twilio Inc.	1.74	2.23	8.24	47.83	66.27	76.95	65.53	99	32.73	18.36	14.68	0.00	-39435.91	125	2.45188
ADBE \| Adobe Inc.	1.74	1.53	2.53	6.47	-10.84	7.05	-17.32	79	-9.13	-7.52	-11.11	-6665.27	-6536.22	0	1.07899
VRNS \| Varonis Systems, Inc.	1.73	-0.36	1.58	-12.83	-11.63	9.41	25.14	48	5.74	24.38	41.67	-1995.27	-29917.02	0	5.39701
PAYC \| PAYCOM SOFTWARE, INC.	1.71	1.45	5.22	37.63	41.49	38.09	29.04	83	20.02	10.90	7.19	-11312.18	-13013.58	100	1.70052
BL \| BlackLine, Inc. Common St	1.68	1.64	8.18	9.92	26.54	28.69	9.42	82	14.56	9.61	9.87	-1007.98	-8146.70	0	3.83131

Top 3 correlating companies

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How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.

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Direxion Daily Dow Jones Internet Bear 3x Shares | WEBS

Daily Technical Analysis of Direxion Daily Dow Jones Internet Bear 3x Shares

Companies with the highest correlation to Direxion Daily Dow Jones Internet Bear 3x Shares

Top 3 correlating companies

Sentiment Score

Research

Estimates

Ratings

Short Interest

Smart Money

Options

Financials

Social

Misc