DIREXION DAILY GOOGL BULL 2X (GGLL) Stock Technical Analysis
USA - NASDAQ:GGLL - US25461A8412 - ETF
Overall GGLL gets a technical rating of 10 out of 10. Both in the recent history as in the last year, GGLL has proven to be a steady performer, scoring decent points in every aspect analyzed.
GGLL has an excellent technical rating, but the quality of the setup is only medium 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
30.93
4 important support areas can be observed.
- A support zone ranging from 80.96 to 81.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 68.28 to 69.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @60.69 from a trend line in the daily time frame.
- Support @31.24 from a horizontal line in the weekly 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 GGLL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GGLL is up. |
| ChartMill Relative Strength | 96.93 | POSITIVE | GGLL has a high relative strength, it outperformed 96.93% 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) | 71.22 | OVERBOUGHT | The high RSI value suggests GGLL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.77 | POSITIVE | The MACD value suggests GGLL has a positive trend. |
| Stochastics (14,3) | 88.54 | OVERBOUGHT | The high Stochastics value suggests GGLL may be overbought. |
| Average True Range in percent/ATR (20) | 5.01 | HIGH VOLATILITY | The high ATR as a percentage value for GGLL suggests high volalility. |
| Average Directional Index/ADX (14) | 29.61 | POSITIVE | The high ADX value value for GGLL suggests a strong trend. |
88.89
+0.76 (+0.86%)
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.
What is the trend direction for GGLL stock?
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 71.2171. This indicates that the stock is currently overbought.
What is the MACD signal for GGLL stock?
The MACD indicator for DIREXION DAILY GOOGL BULL 2X (GGLL) has a value of 0.771648, indicating a bearish trend.
What is the buy/sell signal for GGLL stock?
The buy/sell signal for DIREXION DAILY GOOGL BULL 2X (GGLL) is buy as both the short term and long term trends are positive.