Deutsche X-Trackers Russell 200 (DESC) Stock Technical Analysis
NYSEARCA:DESC - NYSE Arca -
Overall DESC gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, DESC is only an average performer.
DESC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 34.76. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 34.59, a Stop Loss order could be placed below this zone.
More info and screens
30.98
3 important support areas can be observed.
- A support zone ranging from 32.77 to 34.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @32.07 from a trend line in the weekly time frame.
- A support zone ranging from 31.29 to 31.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 34.76 to 34.88. 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 DESC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DESC is up. |
| ChartMill Relative Strength | 51.96 | NEUTRAL | DESC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DESC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DESC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DESC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.27 | NEUTRAL | The RSI value for DESC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests DESC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.24 | OVERBOUGHT | The high Stochastics value suggests DESC may be overbought. |
| Average True Range in percent/ATR (20) | 0.64 | LOW VOLATILITY | The low ATR as a percentage value for DESC suggests low volalility. |
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 |
|---|---|---|---|
| 34.89 | 33.89 | 1.00 (2.87%) | 25.00% |
| An entry @34.89. This is a Buy Stop order right above the resistance zone. | An exit @33.89. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.00 points, which is 2.87%. | For a 0.72% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
Deutsche X-Trackers Russell 200
NYSEARCA:DESC (11/12/2019, 8:04:02 PM)
34.71
+0.05 (+0.14%)