DIREXION DAILY AAPL BULL 2X (AAPU) Stock Technical Analysis
NASDAQ:AAPU - Nasdaq - US25461A8743 - ETF - Currency: USD
Overall AAPU gets a technical rating of 2 out of 10. In the past year, AAPU was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
75% of all other stocks performed better in the past year than AAPU.
In the last month AAPU has a been trading in the 20.93 - 25.00 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
AAPU has an average volume of 4617720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of AAPU is bad and it also does not present a quality setup 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.
More info and screens
19.89
25.10
We found 4 important support areas.
- A support zone ranging from 22.70 to 23.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.21 to 21.32. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 20.61 to 20.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.09 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 24.85 to 24.85. 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 | DOWN | NEGATIVE | The long term trend for AAPU is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AAPU is neutral. |
| ChartMill Relative Strength | 25.25 | NEGATIVE | AAPU has a low relative strength, it was outperformed by 74.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AAPU is above 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 | NEGATIVE | The current price of AAPU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.1 | NEUTRAL | The RSI value for AAPU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests AAPU has a positive trend. |
| Stochastics (14,3) | 60.48 | NEUTRAL | The Stochastics value for AAPU is a neutral value. |
| Average True Range in percent/ATR (20) | 3.7 | MEDIUM VOLATILITY | The ATR as a percentage value for AAPU suggests some volalility. |
| Average Directional Index/ADX (14) | 20.18 | NEUTRAL | The ADX value for AAPU suggests a possible start of a new 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)
24.84
+1.49 (+6.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg6.38%
1 Week11.44%
2 Weeks5.08%
1 Month6.06%
3 Month17.95%
6 Month-18.5%
12 Month-26.14%
2 Year-9.48%
3 Year7.21%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.04
ATR(20)%3.7%
ATR Inc162.92%
Range Today0.93
ADR(20)0.84
ADR(20)%3.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.25
Mansfield-2.4
10 Day High25.01
10 Day Low20.93
20 Day High25.01
20 Day Low20.93
52 Week High43.1
52 Week Low15.89
CS1 End23.05
CR1 Start24.85
Volume & EV
DER(3)6.13%
DER(5)2.51%
Volume8.97M
Volume Incr113.99%
Vol(5)8.34M
Vol(50)4.62M