Taking everything into account, GGLL scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GGLL is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that GGLL is one of the better performing stocks in the market, outperforming 95% of all stocks.
- GGLL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- GGLL has an average volume of 2033510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month GGLL has a been trading in the 95.22 - 114.17 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GGLL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 103.12, a Stop Loss order could be placed below this zone.
More info and screens
84.93
When analyzing the support we can see 3 important areas.
- A support zone ranging from 101.92 to 103.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @96.47 from a trend line in the daily time frame.
- Support @85.79 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 107.12 to 107.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 GGLL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GGLL is up. |
| ChartMill Relative Strength | 95.55 | POSITIVE | GGLL has a high relative strength, it outperformed 95.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GGLL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GGLL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GGLL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.55 | NEUTRAL | The RSI value for GGLL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests GGLL has a negative trend. |
| Stochastics (14,3) | 57.06 | NEUTRAL | The Stochastics value for GGLL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.31 | MEDIUM VOLATILITY | The ATR as a percentage value for GGLL suggests some volalility. |
| Average Directional Index/ADX (14) | 23.24 | NEUTRAL | The ADX value for GGLL suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 107.40 | 101.91 | 5.49 (5.11%) | 19.56% |
| An entry @107.40. This is a Buy Stop order right above the resistance zone. | An exit @101.91. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.49 points, which is 5.11%. | For a 1.00% total portfolio risk, you can invest 19.56% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GGLL. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
105.46
-1.74 (-1.62%)
DIREXION DAILY GOOGL BULL 2X / GGLL FAQ
Can you provide the ChartMill technical rating for DIREXION DAILY GOOGL BULL 2X?
ChartMill assigns a technical rating of 10 / 10 to GGLL.
Can you provide the trend direction for DIREXION DAILY GOOGL BULL 2X?
The current trend direction for DIREXION DAILY GOOGL BULL 2X (GGLL) is Bullish.
Can you provide the RSI signal for DIREXION DAILY GOOGL BULL 2X?
DIREXION DAILY GOOGL BULL 2X (GGLL) has an RSI value of 55.5493. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for DIREXION DAILY GOOGL BULL 2X?
The buy/sell signal for DIREXION DAILY GOOGL BULL 2X (GGLL) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for DIREXION DAILY GOOGL BULL 2X (GGLL) stock?
DIREXION DAILY GOOGL BULL 2X (GGLL) has a support level at 103.12 and a resistance level at 107.12. Check the full technical report for our detailed analysis of GGLL support and resistance levels.