AMZD Stock Summary and Trading Ideas (Direxion Daily Amzn Bear 1X | NASDAQ:AMZD)

The Direxion Daily AMZN Bear 1X Shares ("Fund") seeks daily inverse investment results and is very different from most other exchange traded funds. The pursuit of daily inverse investment goals means that the return of the Fund for a period longer than a full trading day may have no resemblance to -100 percent of the return of the common shares of Amazon.com, Inc. (NASDAQ: AMZN) ("AMZN"). This means that the return of the Fund for a period longer than a trading day will be the result of each single day's compounded return over the period, which will very likely differ from -100 Percent of the return of AMZN for that period.

Direxion Daily Amzn Bear 1X trades on the NASDAQ stock market under the symbol AMZD.

As of January 28, 2025, AMZD stock price declined to $10.56 with 68,180 million shares trading.

AMZD has a beta of -1.33, meaning it tends to be less sensitive to market movements. AMZD has a correlation of 0.43 to the broad based SPY ETF.

AMZD has a market cap of $4.49 million. This is considered a Sub-Micro Cap stock.

AMZD has underperformed the market in the last year with a price return of -33.1% while the SPY ETF gained +24.8%. AMZD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -22.1% and -8.8%, respectively, while the SPY returned +4.2% and +3.4%, respectively.

AMZD support price is $10.54 and resistance is $10.94 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AMZD shares will trade within this expected range on the day.