DRX DLY CHINA INT BULL 2X (CWEB) Stock Technical Analysis
USA - NYSEARCA:CWEB - US25460G1875 - ETF
Taking everything into account, CWEB scores 1 out of 10 in our technical rating. CWEB has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The technical rating of CWEB is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
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41.45
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 49.38 to 49.53. This zone is formed by a combination of multiple trend lines and important moving averages in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for CWEB is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CWEB is down. |
| ChartMill Relative Strength | 75.24 | POSITIVE | CWEB has a high relative strength, it outperformed 75.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CWEB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CWEB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CWEB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 27.88 | OVERSOLD | The low RSI value suggests CWEB may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.72 | NEGATIVE | The MACD value suggests CWEB has a negative trend. |
| Stochastics (14,3) | 8.41 | OVERSOLD | The low Stochastics value suggests CWEB may be oversold. |
| Average True Range in percent/ATR (20) | 4.81 | MEDIUM VOLATILITY | The ATR as a percentage value for CWEB suggests some volalility. |
| Average Directional Index/ADX (14) | 26.98 | POSITIVE | The high ADX value value for CWEB suggests a strong trend. |
41.87
-2.52 (-5.68%)
DRX DLY CHINA INT BULL 2X / CWEB FAQ
What is the technical rating for CWEB stock?
ChartMill assigns a technical rating of 1 / 10 to CWEB.
What is the current trend direction of DRX DLY CHINA INT BULL 2X (CWEB) stock?
The current trend direction for DRX DLY CHINA INT BULL 2X (CWEB) is Bearish.
Can you provide the RSI signal for DRX DLY CHINA INT BULL 2X?
DRX DLY CHINA INT BULL 2X (CWEB) has an RSI value of 27.8808. This indicates that the stock is currently oversold.
What is the MACD signal for CWEB stock?
The MACD indicator for DRX DLY CHINA INT BULL 2X (CWEB) has a value of -0.719757, indicating a bearish trend.
What is the support and resistance level for CWEB stock?
DRX DLY CHINA INT BULL 2X (CWEB) has a resistance level at 49.38. Check the full technical report for our detailed analysis of CWEB support and resistance levels.