DRX DLY AERO & DEF BULL 3X (DFEN) Stock Technical Analysis
NYSEARCA:DFEN - NYSE Arca - US25460E6611 - ETF - Currency: USD
Taking everything into account, DFEN scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DFEN is showing a nice and steady performance.
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 DFEN is one of the better performing stocks in the market, outperforming 94% of all stocks. We also observe that the gains produced by DFEN over the past year are nicely spread over this period.
DFEN is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so DFEN is leading the market.
DFEN 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.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Besides having an excellent technical rating, DFEN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
38.22
45.89
When analyzing the support we notice one important area.
- A support zone ranging from 38.61 to 38.66. This zone is formed by a combination of multiple trend lines and important moving averages 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 DFEN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DFEN is up. |
| ChartMill Relative Strength | 94.95 | POSITIVE | DFEN has a high relative strength, it outperformed 94.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DFEN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DFEN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DFEN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64 | NEUTRAL | The RSI value for DFEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.42 | NEGATIVE | The MACD value suggests DFEN has a negative trend. |
| Stochastics (14,3) | 58.75 | NEUTRAL | The Stochastics value for DFEN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.3 | MEDIUM VOLATILITY | The ATR as a percentage value for DFEN suggests some volalility. |
| Average Directional Index/ADX (14) | 31.8 | POSITIVE | The high ADX value value for DFEN suggests a strong 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)
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 |
|---|---|---|---|
| 48.02 | 42.12 | 5.90 (12.28%) | 8.15% |
| An entry @48.02. This is a Buy Stop order right above the 10 day high. | An exit @42.12. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.90 points, which is 12.28%. | When investing 8.15% 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.
45.44
+0.58 (+1.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.29%
1 Week1.32%
2 Weeks0.6%
1 Month10.96%
3 Month42.89%
6 Month60.4%
12 Month65.6%
2 Year117.94%
3 Year194.68%
5 Year268.53%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.03
ATR(20)%4.3%
ATR Inc-11.9%
Range Today1.7
ADR(20)1.82
ADR(20)%4.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.95
Mansfield3.29
10 Day High48.01
10 Day Low42.13
20 Day High48.01
20 Day Low37.55
52 Week High48.01
52 Week Low17.64
CS1 End38.66
CR1 StartN/A
Volume & EV
DER(3)-0.15%
DER(5)-0.58%
Volume370.30K
Volume Incr87.39%
Vol(5)357.26K
Vol(50)219.79K