AM LEVDAX DAILY 2X LEV-ETF A (DAXLEV.MI) Stock Technical Analysis
BIT:DAXLEV - Euronext Milan - LU0252634307 - ETF - Currency: EUR
We assign a technical rating of 10 out of 10 to DAXLEV. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DAXLEV is showing a nice and steady performance.
Warning: DAXLEV has an average volume of 3946 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that DAXLEV is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, DAXLEV also shows a nice and consistent pattern of rising prices.
DAXLEV is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so DAXLEV is performing more or less in line with the market.
DAXLEV is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
Although DAXLEV has an excellent technical rating, the quality of the presented setup is not ideal 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
175.72
243.36
We found 4 important support areas.
- A support zone ranging from 240.94 to 240.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @200.53 from a trend line in the weekly time frame.
- A support zone ranging from 184.13 to 186.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @177.49 from a trend line 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 | UP | POSITIVE | The long term trend for DAXLEV.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DAXLEV.MI is up. |
| ChartMill Relative Strength | 97.25 | POSITIVE | DAXLEV.MI has a high relative strength, it outperformed 97.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DAXLEV.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DAXLEV.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DAXLEV.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.06 | NEUTRAL | The RSI value for DAXLEV.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.63 | POSITIVE | The MACD value suggests DAXLEV.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.45 | OVERBOUGHT | The high Stochastics value suggests DAXLEV.MI may be overbought. |
| Average True Range in percent/ATR (20) | 5.38 | HIGH VOLATILITY | The high ATR as a percentage value for DAXLEV.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 21.68 | NEUTRAL | The ADX value for DAXLEV.MI 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)
BIT:DAXLEV (6/17/2025, 7:00:00 PM)
240.95
-0.95 (-0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.39%
1 Week-4.44%
2 Weeks-0.02%
1 Month2.25%
3 Month32.22%
6 Month48.33%
12 Month90.08%
2 Year86.7%
3 Year113.68%
5 Year202.02%
10 YearN/A
15 YearN/A
Volatility
ATR(14)10.83
ATR(20)%5.38%
ATR Inc-64.96%
Range Today2.4
ADR(20)6.68
ADR(20)%2.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.25
Mansfield2.59
10 Day High259.4
10 Day Low236.25
20 Day High259.4
20 Day Low163.26
52 Week High259.4
52 Week Low109
CS1 End240.94
CR1 StartN/A
Volume & EV
DER(3)0%
DER(5)0%
Volume2.50K
Volume Incr-61.4%
Vol(5)2.46K
Vol(50)3.95K