DIREXION DAILY GOOGL BEAR 1X (GGLS) Stock Technical Analysis
NASDAQ:GGLS - Nasdaq - US25461A6010 - ETF - Currency: USD
We assign a technical rating of 0 out of 10 to GGLS. GGLS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, GGLS is a bad performer in the overall market: 87% of all stocks are doing better.
GGLS 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 GGLS has a been trading in the 12.05 - 13.62 range, which is quite wide. It is currently trading near the lows of this range.
GGLS has a poor technical rating and the quality of the setup is also not perfect 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
12.06
15.80
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 13.04 to 13.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @14.76 from a trend line in the weekly time frame.
- Resistance @15.64 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 | DOWN | NEGATIVE | The long term trend for GGLS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GGLS is down. |
| ChartMill Relative Strength | 13.29 | NEGATIVE | GGLS has a low relative strength, it was outperformed by 86.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GGLS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GGLS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GGLS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.52 | NEUTRAL | The RSI value for GGLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests GGLS has a negative trend. |
| Stochastics (14,3) | 14.13 | OVERSOLD | The low Stochastics value suggests GGLS may be oversold. |
| Average True Range in percent/ATR (20) | 2.58 | MEDIUM VOLATILITY | The ATR as a percentage value for GGLS suggests some volalility. |
| Average Directional Index/ADX (14) | 18.76 | NEGATIVE | The low ADX value for GGLS suggests a weak or negative 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)
12.18
-0.05 (-0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.37%
1 Week-3.26%
2 Weeks-4.62%
1 Month-7.59%
3 Month-21.42%
6 Month1.16%
12 Month-1.54%
2 Year-34.13%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%2.58%
ATR Inc-37.5%
Range Today0.17
ADR(20)0.28
ADR(20)%2.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.29
Mansfield-1.7
10 Day High13.62
10 Day Low12.05
20 Day High13.62
20 Day Low12.05
52 Week High16
52 Week Low11.14
CS1 EndN/A
CR1 Start13.04
Volume & EV
DER(3)-8.27%
DER(5)-4.72%
Volume32.70K
Volume Incr14.86%
Vol(5)187.50K
Vol(50)193.97K