DIREXION DAILY LLY B 2X SHRS (ELIL) Stock Technical Analysis
USA - NASDAQ:ELIL - US25461A3124 - ETF
19.71 USD
-1.01 (-4.88%)
19.34 USD
-0.37 (-1.88%)
We assign a technical rating of 7 out of 10 to ELIL. Although ELIL is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, ELIL is a bad performer in the overall market: 100% of all stocks are doing better.
The long and short term trends are both positive. This is looking good!
In the last month ELIL has a been trading in the 14.58 - 21.18 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
Although ELIL has an excellent technical rating, it does not offer a high quality setup 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
15.59
20.94
When analyzing the support we notice one important area.
- Support @15.75 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @20.05 from a horizontal line in the weekly time frame.
- Resistance @20.73 from a horizontal 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 ELIL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ELIL is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | ELIL has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ELIL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ELIL is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 63.34 | NEUTRAL | The RSI value for ELIL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests ELIL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.19 | OVERBOUGHT | The high Stochastics value suggests ELIL may be overbought. |
| Average True Range in percent/ATR (20) | 4.9 | MEDIUM VOLATILITY | The ATR as a percentage value for ELIL suggests some volalility. |
| Average Directional Index/ADX (14) | 26.69 | POSITIVE | The high ADX value value for ELIL 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)
19.71
-1.01 (-4.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-4.88%
1 Week-1.7%
2 Weeks30.44%
1 Month18.95%
3 Month1.28%
6 Month9.09%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.05
ATR(20)%4.9%
ATR Inc18.39%
Range Today1.63
ADR(20)0.93
ADR(20)%4.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High21.19
10 Day Low14.79
20 Day High21.19
20 Day Low14.58
52 Week HighN/A
52 Week LowN/A
CS1 End15.75
CR1 Start20.05
Volume & EV
DER(3)-2.3%
DER(5)1.23%
Volume135.50K
Volume Incr-53.29%
Vol(5)77.16K
Vol(50)276.03K