Direxion Daily Natural Gas Related Bear 3X Shares New (GASX) Stock Technical Analysis
USA - NYSEARCA:GASX -
Taking everything into account, GASX scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
GASX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
10.30
We found 2 important support areas.
- Support @11.37 from a trend line in the daily time frame.
- Support @10.40 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 GASX is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GASX is down. |
| ChartMill Relative Strength | 99.87 | POSITIVE | GASX has a high relative strength, it outperformed 99.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GASX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GASX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GASX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.89 | NEUTRAL | The RSI value for GASX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.71 | NEGATIVE | The MACD value suggests GASX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.39 | OVERSOLD | The low Stochastics value suggests GASX may be oversold. |
| Average True Range in percent/ATR (20) | 50.13 | HIGH VOLATILITY | The high ATR as a percentage value for GASX suggests high volalility. |
Direxion Daily Natural Gas Related Bear 3X Shares New
NYSEARCA:GASX (3/27/2020, 8:05:57 PM)
After market: 15.75 -0.25 (-1.56%)16
+2.63 (+19.67%)
Direxion Daily Natural Gas Related Bear 3X Shares New / GASX FAQ
What is the technical rating for GASX stock?
ChartMill assigns a technical rating of 7 / 10 to GASX.
What is the trend direction for GASX stock?
The current trend direction for Direxion Daily Natural Gas Related Bear 3X Shares New (GASX) is Bullish.
Can you provide the RSI signal for Direxion Daily Natural Gas Related Bear 3X Shares New?
Direxion Daily Natural Gas Related Bear 3X Shares New (GASX) has an RSI value of 48.8885. This indicates that the stock is currently neutral.
What is the MACD signal for Direxion Daily Natural Gas Related Bear 3X Shares New (GASX) stock?
The MACD indicator for Direxion Daily Natural Gas Related Bear 3X Shares New (GASX) has a value of -1.71327, indicating a bearish trend.
What is the support and resistance level for GASX stock?
Direxion Daily Natural Gas Related Bear 3X Shares New (GASX) has a support level at 11.37. Check the full technical report for our detailed analysis of GASX support and resistance levels.