L&G DAX DAILY 2X SHORT (DES2.DE)       1.9064  +0.04 (+2.08%)

1.9064  +0.04 (+2.08%)

IE00B4QNHZ41 - ETF

Technical Rating

We assign a technical rating of 4 out of 10 to DES2. Although DES2 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.



Looking at the yearly performance, DES2 did better than 87% of all other stocks. We also observe that the gains produced by DES2 over the past year are nicely spread over this period.
DES2 has an average volume of 1188010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
DES2 is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Considerably lower volume is observed in the last couple of days.
In the last month DES2 has a been trading in the 1.84 - 2.27 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months -10.08% 3.09% 14.64% 16.83% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 87.52 1.514 - 2.46
DES2 Weekly chart
DES2 Daily chart

Support/Resistance Analysis


1.63

2.37
5 important support areas can be observed.
  • Support @1.80 from a trend line in the weekly time frame.
  • Support @1.76 from a trend line in the daily time frame.
  • Support @1.73 from a horizontal line in the weekly time frame.
  • A support zone ranging from 1.68 to 1.69. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Support @1.65 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
  • A resistance zone ranging from 2.05 to 2.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 2.17 to 2.19. This zone is formed by a combination of multiple trend lines in the weekly time frame.
  • Resistance @2.35 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

DES2 has an average technical rating and also the quality of the setup is only medium 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.


DES2 Daily chart

L&G DAX DAILY 2X SHORT1.9064

FRA:DES2 (8/9/2022, 7:00:00 PM)+0.04 (+2.08%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector N/A
GICS Industry N/A
Performance
Today 2.08% 1 Week -1.46%
2 Weeks -6.73% 1 Month -10.08%
3 Month 3.09% 6 Month 14.64%
Volatility
ATR(14) 0.05 ATR(20)% 3.33%
ATR Inc -20.94% Range Today 0.04
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 87.52 Mansfield 1.1
10 Day High 2.05 10 Day Low 1.84
20 Day High 2.27 20 Day Low 1.84
52 Week High 2.46 52 Week Low 1.51
CS1 End 1.8 CR1 Start 2.05
Volume & EV
DER(3) -3.36% DER(5) -3.66%
Volume 687.11K Volume Incr -36.61%
Vol(5) 727.63K Vol(50) 1.19M

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