Direxion Daily Natural Gas Related Bear 3X Shares New (GASX) Stock Technical Analysis
USA - NYSEARCA:GASX -
16 USD
+2.63 (+19.67%)
15.75 USD
-0.25 (-1.56%)
Overall GASX gets a technical rating of 8 out of 10. 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 is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month GASX has a been trading in the 10.00 - 49.91 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that GASX is one of the better performing stocks in the market, outperforming 99% of all stocks.
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.
Considerably lower volume is observed in the last couple of days.
GASX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
10.30
16.16
When analyzing the support we can see 2 important 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. |
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)
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%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg19.67%
1 Week0.11%
2 Weeks-31.73%
1 Month15.67%
3 Month269.34%
6 Month172.34%
12 Month466.57%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)9.08
ATR(20)%50.13%
ATR Inc-72.82%
Range Today1.58
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.87
Mansfield16.9
10 Day High28.29
10 Day Low10
20 Day High49.91
20 Day Low10
52 Week High49.91
52 Week Low2.45
CS1 End11.37
CR1 StartN/A
Volume & EV
DER(3)-12.82%
DER(5)-5.02%
Volume104.40K
Volume Incr-56.27%
Vol(5)29.92K
Vol(50)76.62K