DIREXION DAILY EL & AV BULL2 (EVAV) Stock Technical Analysis
NYSEARCA:EVAV - NYSE Arca - US25460G1461 - ETF - Currency: USD
Taking everything into account, EVAV scores 6 out of 10 in our technical rating. EVAV was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month EVAV has a been trading in the 19.70 - 28.99 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Warning: EVAV has an average volume of 11084 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
When comparing the yearly performance of all stocks, we notice that EVAV is one of the better performing stocks in the market, outperforming 88% of all stocks.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
EVAV 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 EVAV is lagging the market slightly.
EVAV has an average technical rating and it also 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
18.41
28.62
We found 2 important support areas.
- Support @21.47 from a horizontal line in the daily time frame.
- A support zone ranging from 18.60 to 18.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @28.34 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 | NEUTRAL | NEUTRAL | The long term trend for EVAV is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EVAV is down. |
| ChartMill Relative Strength | 88.17 | POSITIVE | EVAV has a high relative strength, it outperformed 88.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EVAV is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EVAV is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EVAV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.02 | NEUTRAL | The RSI value for EVAV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.63 | NEGATIVE | The MACD value suggests EVAV has a negative trend. |
| Stochastics (14,3) | 8.03 | OVERSOLD | The low Stochastics value suggests EVAV may be oversold. |
| Average True Range in percent/ATR (20) | 6.62 | HIGH VOLATILITY | The high ATR as a percentage value for EVAV suggests high volalility. |
| Average Directional Index/ADX (14) | 20.28 | NEUTRAL | The ADX value for EVAV suggests a possible start of a new 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)
NYSEARCA:EVAV (8/1/2025, 8:04:00 PM)
21.6909
-0.78 (-3.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.46%
1 Week-20.42%
2 Weeks-21.5%
1 Month3.15%
3 Month25.4%
6 Month-6.06%
12 Month38.06%
2 Year-68.86%
3 Year-88.52%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.62
ATR(20)%6.62%
ATR Inc-40.3%
Range Today0.93
ADR(20)1.11
ADR(20)%5.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.17
Mansfield0.01
10 Day High28.99
10 Day Low20.87
20 Day High28.99
20 Day Low19.7
52 Week High39.44
52 Week Low11.71
CS1 End21.47
CR1 Start28.34
Volume & EV
DER(3)-1.25%
DER(5)-3.1%
Volume24.80K
Volume Incr163.28%
Vol(5)18.14K
Vol(50)11.08K