DRX DLY AERO & DEF BULL 3X (DFEN) Stock Technical Analysis
NYSEARCA:DFEN - NYSE Arca - US25460E6611 - ETF - Currency: USD
Taking everything into account, DFEN scores 9 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.
The long and short term trends are both positive. This is looking good!
DFEN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month DFEN has a been trading in the 47.78 - 59.99 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, DFEN did better than 96% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
DFEN has an excellent technical rating, but 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.
More info and screens
52.00
60.13
When analyzing the support we can see 3 important areas.
- Support @55.94 from a trend line in the daily time frame.
- A support zone ranging from 53.99 to 54.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @52.53 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 DFEN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DFEN is up. |
| ChartMill Relative Strength | 96.64 | POSITIVE | DFEN has a high relative strength, it outperformed 96.64% 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) | 70.11 | OVERBOUGHT | The high RSI value suggests DFEN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests DFEN has a positive trend. |
| Stochastics (14,3) | 90.57 | OVERBOUGHT | The high Stochastics value suggests DFEN may be overbought. |
| Average True Range in percent/ATR (20) | 4.03 | MEDIUM VOLATILITY | The ATR as a percentage value for DFEN suggests some volalility. |
| Average Directional Index/ADX (14) | 27.72 | 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 |
|---|---|---|---|
| 60.00 | 55.93 | 4.07 (6.78%) | 14.74% |
| An entry @60.00. This is a Buy Stop order right above the 10 day high. | An exit @55.93. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.07 points, which is 6.78%. | For a 1.00% total portfolio risk, you can invest 14.74% 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.
59.53
+1.3 (+2.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.23%
1 Week2.82%
2 Weeks13.11%
1 Month22.31%
3 Month101.8%
6 Month75.4%
12 Month93.66%
2 Year182.13%
3 Year242.92%
5 Year473.51%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.51
ATR(20)%4.03%
ATR Inc-12.77%
Range Today2.39
ADR(20)2.24
ADR(20)%3.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.64
Mansfield5.36
10 Day High59.99
10 Day Low52.56
20 Day High59.99
20 Day Low47.78
52 Week High59.99
52 Week Low17.64
CS1 End55.94
CR1 StartN/A
Volume & EV
DER(3)4.49%
DER(5)0.94%
Volume206.42K
Volume Incr17.08%
Vol(5)377.90K
Vol(50)282.06K