Velocity 3X Inverse Crude Oil (DWT) Technical Analysis
NYSEARCA:DWT
We assign a technical rating of 9 out of 10 to DWT. Both in the recent history as in the last year, DWT has proven to be a steady performer, scoring decent points in every aspect analyzed.
- In the last month DWT has a been trading in the 8.31 - 39.53 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- Both the short term and long term trends are positive. This is a very positive sign.
- DWT has an average volume of 16823400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that DWT is one of the better performing stocks in the market, outperforming 99% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- DWT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DWT is lagging the market slightly.
Besides having an excellent technical rating, DWT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for DWT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
12.65
2 important support areas can be observed.
- A support zone ranging from 14.61 to 14.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.78 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 14.76 to 14.76. 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 DWT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DWT is up. |
| ChartMill Relative Strength | 99.81 | POSITIVE | DWT has a high relative strength, it outperformed 99.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DWT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DWT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DWT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.19 | NEUTRAL | The RSI value for DWT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests DWT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.01 | OVERSOLD | The low Stochastics value suggests DWT may be oversold. |
| Average True Range in percent/ATR (20) | 32.63 | HIGH VOLATILITY | The high ATR as a percentage value for DWT suggests high volalility. |
DWT Technicals: Chart, Performance Metrics, Trend & Indicators
14.75
+0.01 (+0.07%)
Velocity 3X Inverse Crude Oil / DWT FAQ
What is the ChartMill technical rating of Velocity 3X Inverse Crude Oil (DWT) stock?
ChartMill assigns a technical rating of 8 / 10 to DWT.
What is the current trend direction of Velocity 3X Inverse Crude Oil (DWT) stock?
The current trend direction for Velocity 3X Inverse Crude Oil (DWT) is Bullish.
Can you provide the RSI signal for Velocity 3X Inverse Crude Oil?
Velocity 3X Inverse Crude Oil (DWT) has an RSI value of 54.1857. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Velocity 3X Inverse Crude Oil?
The short term momentum for Velocity 3X Inverse Crude Oil (DWT) is positive.
Can you provide the support and resistance levels for Velocity 3X Inverse Crude Oil?
Velocity 3X Inverse Crude Oil (DWT) has a support level at 14.74 and a resistance level at 14.76. Check the full technical report for our detailed analysis of DWT support and resistance levels.