DIREXION DLY BA BEAR 1X SHR (BOED) Stock Technical Analysis
NASDAQ:BOED - Nasdaq - US25461A3207 - ETF - Currency: USD
Taking everything into account, BOED scores 1 out of 10 in our technical rating. BOED performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, BOED is a bad performer in the overall market: 100% of all stocks are doing better.
Warning: BOED has an average volume of 9010 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month BOED has a been trading in the 16.77 - 18.53 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, BOED does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
16.85
18.28
We found 1 important support area.
- A support zone ranging from 17.02 to 17.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 17.59 to 17.78. 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 18.08 to 18.10. 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 BOED is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BOED is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | BOED has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BOED is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BOED is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 40.24 | NEUTRAL | The RSI value for BOED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests BOED has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 52.78 | NEUTRAL | The Stochastics value for BOED is a neutral value. |
| Average True Range in percent/ATR (20) | 1.82 | LOW VOLATILITY | The low ATR as a percentage value for BOED suggests low volalility. |
| Average Directional Index/ADX (14) | 31.95 | POSITIVE | The high ADX value value for BOED 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)
17.55
-0.14 (-0.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.77%
1 Week-2.92%
2 Weeks1.79%
1 Month-1.01%
3 Month-15.73%
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%1.82%
ATR Inc-5.76%
Range Today0.1
ADR(20)0.28
ADR(20)%1.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High18.53
10 Day Low16.77
20 Day High18.53
20 Day Low16.77
52 Week HighN/A
52 Week LowN/A
CS1 End17.24
CR1 Start17.59
Volume & EV
DER(3)-12.61%
DER(5)-7.57%
Volume900
Volume Incr-79.79%
Vol(5)2.36K
Vol(50)9.01K