DRX DLY AERO & DEF BULL 3X (DFEN) Stock Technical Analysis
NYSEARCA:DFEN - NYSE Arca - US25460E6611 - ETF - Currency: USD
Overall DFEN gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month DFEN has a been trading in the 53.10 - 61.00 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that DFEN is one of the better performing stocks in the market, outperforming 93% of all stocks.
DFEN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DFEN is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, DFEN also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 59.54. Right above this resistance zone may be a good entry point.
More info and screens
53.96
60.50
When analyzing the support we can see 2 important areas.
- Support @55.39 from a horizontal line in the weekly time frame.
- Support @54.50 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 59.54 to 59.90. 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 DFEN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DFEN is neutral. |
| ChartMill Relative Strength | 93.97 | POSITIVE | DFEN has a high relative strength, it outperformed 93.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DFEN is below a declining 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) | 47.46 | NEUTRAL | The RSI value for DFEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.76 | NEGATIVE | The MACD value suggests DFEN has a negative trend. |
| Stochastics (14,3) | 33.84 | NEUTRAL | The Stochastics value for DFEN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.66 | MEDIUM VOLATILITY | The ATR as a percentage value for DFEN suggests some volalility. |
| Average Directional Index/ADX (14) | 17.24 | NEGATIVE | The low ADX value for DFEN suggests a weak or negative 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 |
|---|---|---|---|
| 57.06 | 55.38 | 1.68 (2.95%) | 25.00% |
| An entry @57.06. This is a Buy Stop order right above the 10 day moving average. | An exit @55.38. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.68 points, which is 2.95%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.74%. |
- The distance between exit and entry is rather small compared to the average daily movement of DFEN. Please evaluate whether better entry and exit points can be found.
- 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.
55.4
+0.89 (+1.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.63%
1 Week-4.15%
2 Weeks-5.53%
1 Month-5.15%
3 Month41%
6 Month90.84%
12 Month68.54%
2 Year177.83%
3 Year243.89%
5 Year347.5%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.66
ATR(20)%4.66%
ATR Inc8.26%
Range Today2.65
ADR(20)2.5
ADR(20)%4.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.97
Mansfield3.71
10 Day High60.2
10 Day Low53.3
20 Day High61
20 Day Low53.1
52 Week High61
52 Week Low17.64
CS1 End55.39
CR1 Start59.54
Volume & EV
DER(3)-10.08%
DER(5)-4.44%
Volume167.20K
Volume Incr-36.32%
Vol(5)197.75K
Vol(50)309.82K