DIREXION D AMD BULL 2X SHRS (AMUU) Stock Technical Analysis
NASDAQ:AMUU • US25461A4114
Overall AMUU gets a technical rating of 3 out of 10. Although AMUU is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- In the last month AMUU has a been trading in the 40.07 - 73.32 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, AMUU did better than 89% of all other stocks. However, we also see that AMUU couldn't keep up this performance in the last couple of months.
- AMUU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AMUU is lagging the market.
The technical rating of AMUU 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
40.23
When analyzing the support we can see 3 important areas.
- Support @43.01 from a horizontal line in the weekly time frame.
- Support @42.31 from a trend line in the daily time frame.
- A support zone ranging from 40.64 to 40.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 45.01 to 45.15. 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 49.10 to 49.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @69.69 from a trend line in the daily time frame.
- Resistance @72.28 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 AMUU is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AMUU is down. |
| ChartMill Relative Strength | 89.46 | POSITIVE | AMUU has a high relative strength, it outperformed 89.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AMUU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AMUU is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of AMUU is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.86 | NEUTRAL | The RSI value for AMUU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests AMUU has a negative trend. |
| Stochastics (14,3) | 36.89 | NEUTRAL | The Stochastics value for AMUU is a neutral value. |
| Average True Range in percent/ATR (20) | 13.95 | HIGH VOLATILITY | The high ATR as a percentage value for AMUU suggests high volalility. |
| Average Directional Index/ADX (14) | 21.06 | NEUTRAL | The ADX value for AMUU suggests a possible start of a new trend. |
43.02
-1.49 (-3.36%)
DIREXION D AMD BULL 2X SHRS / AMUU FAQ
What is the technical rating for AMUU stock?
ChartMill assigns a technical rating of 3 / 10 to AMUU.
What is the current trend direction of DIREXION D AMD BULL 2X SHRS (AMUU) stock?
The current trend direction for DIREXION D AMD BULL 2X SHRS (AMUU) is Bearish.
Can you provide the RSI signal for DIREXION D AMD BULL 2X SHRS?
DIREXION D AMD BULL 2X SHRS (AMUU) has an RSI value of 39.8612. This indicates that the stock is currently neutral.
What is the buy/sell signal for AMUU stock?
The buy/sell signal for DIREXION D AMD BULL 2X SHRS (AMUU) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for DIREXION D AMD BULL 2X SHRS?
DIREXION D AMD BULL 2X SHRS (AMUU) has a support level at 43.01 and a resistance level at 45.01. Check the full technical report for our detailed analysis of AMUU support and resistance levels.