DIREXION DAILY AAPL BEAR 1X (AAPD) Stock Technical Analysis
USA - NASDAQ:AAPD - US25461A3041 - ETF
We assign a technical rating of 0 out of 10 to AAPD. AAPD's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
AAPD has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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12.83
When analyzing the support we notice one important area.
- A support zone ranging from 12.96 to 12.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 13.18 to 13.20. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 14.12 to 14.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @17.43 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for AAPD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AAPD is down. |
| ChartMill Relative Strength | 13.4 | NEGATIVE | AAPD has a low relative strength, it was outperformed by 86.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AAPD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AAPD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AAPD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 29.11 | OVERSOLD | The low RSI value suggests AAPD may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests AAPD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 29.77 | NEUTRAL | The Stochastics value for AAPD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for AAPD suggests some volalility. |
| Average Directional Index/ADX (14) | 30.9 | POSITIVE | The high ADX value value for AAPD suggests a strong trend. |
12.97
-0.28 (-2.11%)
DIREXION DAILY AAPL BEAR 1X / AAPD FAQ
What is the ChartMill technical rating of DIREXION DAILY AAPL BEAR 1X (AAPD) stock?
ChartMill assigns a technical rating of 0 / 10 to AAPD.
Can you provide the trend direction for DIREXION DAILY AAPL BEAR 1X?
The current trend direction for DIREXION DAILY AAPL BEAR 1X (AAPD) is Bearish.
Can you provide the RSI signal for DIREXION DAILY AAPL BEAR 1X?
DIREXION DAILY AAPL BEAR 1X (AAPD) has an RSI value of 29.1071. This indicates that the stock is currently oversold.
What is the short term momentum for AAPD stock?
The short term momentum for DIREXION DAILY AAPL BEAR 1X (AAPD) is negative.
What is the support and resistance level for AAPD stock?
DIREXION DAILY AAPL BEAR 1X (AAPD) has a support level at 12.96 and a resistance level at 13.18. Check the full technical report for our detailed analysis of AAPD support and resistance levels.