DIREXION DAILY AAPL BULL 2X (AAPU) Stock Technical Analysis
USA - NASDAQ:AAPU - US25461A8743 - ETF
29.91 USD
-2.24 (-6.97%)
29.91 USD
0 (0%)
We assign a technical rating of 7 out of 10 to AAPU. Although AAPU is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
AAPU has an average volume of 3912280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, AAPU turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
AAPU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AAPU is lagging the market.
In the last month AAPU has a been trading in the 27.97 - 33.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although AAPU has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
20.40
33.52
When analyzing the support we can see 4 important areas.
- Support @25.85 from a horizontal line in the daily time frame.
- Support @23.88 from a trend line in the daily time frame.
- Support @21.82 from a trend line in the weekly time frame.
- Support @20.61 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @30.16 from a trend line in the daily time frame.
- A resistance zone ranging from 33.04 to 33.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for AAPU is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AAPU is neutral. |
| ChartMill Relative Strength | 64.3 | NEUTRAL | AAPU is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AAPU is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AAPU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of AAPU is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.35 | NEUTRAL | The RSI value for AAPU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests AAPU has a negative trend. |
| Stochastics (14,3) | 47.18 | NEUTRAL | The Stochastics value for AAPU is a neutral value. |
| Average True Range in percent/ATR (20) | 4.03 | MEDIUM VOLATILITY | The ATR as a percentage value for AAPU suggests some volalility. |
| Average Directional Index/ADX (14) | 30.62 | POSITIVE | The high ADX value value for AAPU suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
29.91
-2.24 (-6.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-6.97%
1 Week-9.88%
2 Weeks-8.22%
1 Month7.86%
3 Month29.54%
6 Month40.36%
12 Month-17.1%
2 Year28.2%
3 Year36.64%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.11
ATR(20)%4.03%
ATR Inc83.34%
Range Today2.96
ADR(20)1.11
ADR(20)%3.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.3
Mansfield-0.53
10 Day High33.5
10 Day Low29.75
20 Day High33.5
20 Day Low27.97
52 Week High43.1
52 Week Low15.89
CS1 End25.85
CR1 Start30.16
Volume & EV
DER(3)-3.31%
DER(5)-1.58%
Volume3.36M
Volume Incr-34.74%
Vol(5)2.10M
Vol(50)3.91M