When the Price of Direxion Daily Small Cap Bear $TZA Talks, People Listen
November 08, 2023, 19:30 pm ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for TZA
- Buy TZA slightly over 34.02 target n/a stop loss @ 33.92. Details
The technical summary data tells us to buy TZA near 34.02, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 33.92 to protect against excessive loss in case the stock begins to move against the trade. 34.02 is the first level of support below 34.58, and by rule, any test of support is a buy signal. In this case, if support 34.02 is being tested, a buy signal would exist.
- NONE . Details
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Swing Trading Plans for TZA
- Buy TZA slightly over 35.71, target 40.22, Stop Loss @ 35.61 Details
If 35.71 begins to break higher, the technical summary data tells us to buy TZA just slightly over 35.71, with an upside target of 40.22. The data also tells us to set a stop loss @ 35.61 in case the stock turns against the trade. 35.71 is the first level of resistance above 34.58, and by rule, any break above resistance is a buy signal. In this case, 35.71, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short TZA slightly near 35.71, target 34.02, Stop Loss @ 35.81. Details
The technical summary data is suggesting a short of TZA if it tests 35.71 with a downside target of 34.02. We should have a stop loss in place at 35.81 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 35.71, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for TZA
- Buy TZA slightly over 35.71, target 36.57, Stop Loss @ 35.63 Details
If 35.71 begins to break higher, the technical summary data tells us to buy TZA just slightly over 35.71, with an upside target of 36.57. The data also tells us to set a stop loss @ 35.63 in case the stock turns against the trade. 35.71 is the first level of resistance above 34.58, and by rule, any break above resistance is a buy signal. In this case, 35.71, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short TZA slightly near 35.71, target 34.02, Stop Loss @ 35.79. Details
The technical summary data is suggesting a short of TZA if it tests 35.71 with a downside target of 34.02. We should have a stop loss in place at 35.79 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 35.71, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Direxion Daily Small Cap Bear (TZA) available here: TZA.
TZA Ratings for November 08:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Neutral |
| P1 |
0 |
0 |
24.00 |
| P2 |
33.07 |
35.71 |
28.70 |
| P3 |
36.57 |
40.22 |
34.02 |
AI Generated Signals for TZA
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Direxion Daily Small Cap Bear (NYSE: TZA) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for TZA can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for TZA:
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