DIREXION DLY BA BULL 2X SHR (BOEU) Stock Technical Analysis
NASDAQ:BOEU - Nasdaq - US25461A3389 - ETF - Currency: USD
We assign a technical rating of 6 out of 10 to BOEU. In the last year, BOEU was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
BOEU has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for BOEU in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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43.52
When analyzing the support we can see 2 important areas.
- A support zone ranging from 45.63 to 45.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 43.96 to 44.05. 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 BOEU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BOEU is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | BOEU has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BOEU is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BOEU is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 57.1 | NEUTRAL | The RSI value for BOEU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.46 | NEGATIVE | The MACD value suggests BOEU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.73 | NEUTRAL | The Stochastics value for BOEU is a neutral value. |
| Average True Range in percent/ATR (20) | 4.52 | MEDIUM VOLATILITY | The ATR as a percentage value for BOEU suggests some volalility. |
| Average Directional Index/ADX (14) | 24.34 | NEUTRAL | The ADX value for BOEU suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 52.47 | 45.62 | 6.85 (13.05%) | 7.66% |
| An entry @52.47. This is a Buy Stop order right above the 10 day high. | An exit @45.62. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 6.85 points, which is 13.05%. | When investing 7.66% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
46.7551
+0.7 (+1.52%)