DIREXION DAILY GOOGL BEAR 1X (GGLS) Stock Technical Analysis
NASDAQ:GGLS - Nasdaq - US25461A6010 - ETF - Currency: USD
We assign a technical rating of 1 out of 10 to GGLS. GGLS has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month GGLS has a been trading in the 12.50 - 14.94 range, which is quite wide. It is currently trading near the lows of this range.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When comparing the performance of all stocks over the past year, GGLS turns out to be only a medium performer in the overall market: it outperformed 51% of all stocks.
GGLS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GGLS is lagging the market slightly.
Volume is considerably higher in the last couple of days.
GGLS has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 14.08. Right above this resistance zone may be a good entry point.
More info and screens
13.00
16.01
We can see 4 important resistance areas.
- A resistance zone ranging from 14.08 to 14.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 14.53 to 14.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.10 from a trend line in the weekly time frame.
- A resistance zone ranging from 15.64 to 15.85. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for GGLS is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GGLS is down. |
| ChartMill Relative Strength | 51.81 | NEUTRAL | GGLS is not amongst the best or worst performers 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) | 40.93 | NEUTRAL | The RSI value for GGLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests GGLS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.46 | NEUTRAL | The Stochastics value for GGLS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.26 | MEDIUM VOLATILITY | The ATR as a percentage value for GGLS suggests some volalility. |
| Average Directional Index/ADX (14) | 18.4 | 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)
13.13
+0.17 (+1.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.31%
1 Week-1.43%
2 Weeks-9.57%
1 Month-4.58%
3 Month2.9%
6 Month-7.67%
12 Month-3.67%
2 Year-35.13%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.49
ATR(20)%3.26%
ATR Inc-9.05%
Range Today0.15
ADR(20)0.37
ADR(20)%2.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.81
Mansfield-0.5
10 Day High14.19
10 Day Low12.5
20 Day High14.94
20 Day Low12.5
52 Week High16
52 Week Low11.14
CS1 EndN/A
CR1 Start14.08
Volume & EV
DER(3)-1.11%
DER(5)-1.48%
Volume201.00K
Volume Incr33.54%
Vol(5)274.68K
Vol(50)152.89K