DIR DLY MSCI EMG MKT BEAR 3X (EDZ)       13.23  -0.48 (-3.5%)

13.23  -0.48 (-3.5%)

US25460E5472 - ETF

Technical Rating

Taking everything into account, EDZ scores 4 out of 10 in our technical rating. EDZ has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.



The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Looking at the yearly performance, EDZ did better than 92% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
EDZ is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Considerably lower volume is observed in the last couple of days.
In the last month EDZ has a been trading in the 13.18 - 15.94 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months -12.50% -7.48% 41.50% 48.32% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 92.82 7.93 - 16.1
EDZ Weekly chart
EDZ Daily chart

Support/Resistance Analysis


9.68

15.72
We found 3 important support areas.
  • A support zone ranging from 13.22 to 13.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @10.22 from a trend line in the weekly time frame.
  • Support @9.78 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
  • Resistance @14.54 from a horizontal line in the daily time frame.
  • A resistance zone ranging from 14.99 to 15.20. This zone is formed by a combination of multiple trend lines in the weekly time frame.
  • Resistance @15.56 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

EDZ has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.


EDZ Daily chart

DIR DLY MSCI EMG MKT BEAR 3X13.23

NYSEARCA:EDZ (8/10/2022, 5:30:00 PM)-0.48 (-3.5%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector N/A
GICS Industry N/A
Performance
Today -3.5% 1 Week -4.96%
2 Weeks -3.43% 1 Month -12.5%
3 Month -7.48% 6 Month 41.5%
Volatility
ATR(14) 0.53 ATR(20)% 4.36%
ATR Inc -20.2% Range Today 0.42
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 92.82 Mansfield 2.31
10 Day High 14.55 10 Day Low 13.18
20 Day High 15.94 20 Day Low 13.18
52 Week High 16.1 52 Week Low 7.93
CS1 End 13.22 CR1 Start 14.54
Volume & EV
DER(3) -3.74% DER(5) -6.25%
Volume 273.99K Volume Incr -49.78%
Vol(5) 200.29K Vol(50) 482.45K

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