DIREXION DAILY GOOGL BEAR 1X (GGLS) Stock Technical Analysis
NASDAQ:GGLS • US25461A6010
We assign a technical rating of 4 out of 10 to GGLS. Recently some decent action could be observed, but in the medium term time frame this is still negative. GGLS was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, GGLS is a bad performer in the overall market: 86% of all stocks are doing better.
- GGLS is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month GGLS has a been trading in the 6.08 - 7.16 range, which is quite wide. It is currently trading near the high of this range.
- GGLS has an average volume of 9892110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Although the technical rating is only medium, GGLS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
6.12
We found 1 important support area.
- Support @6.18 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 6.85 to 7.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.21 from a horizontal line in the daily 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 | UP | POSITIVE | The short term trend for GGLS is up. |
| ChartMill Relative Strength | 14.31 | NEGATIVE | GGLS has a low relative strength, it was outperformed by 85.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GGLS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GGLS is above the rising 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) | 56.4 | NEUTRAL | The RSI value for GGLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests GGLS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.24 | NEUTRAL | The Stochastics value for GGLS is a neutral value. |
| Average True Range in percent/ATR (20) | 3 | MEDIUM VOLATILITY | The ATR as a percentage value for GGLS suggests some volalility. |
| Average Directional Index/ADX (14) | 30.69 | POSITIVE | The high ADX value value for GGLS suggests a strong trend. |
6.825
+0.02 (+0.22%)
DIREXION DAILY GOOGL BEAR 1X / GGLS FAQ
What is the ChartMill technical rating of DIREXION DAILY GOOGL BEAR 1X (GGLS) stock?
ChartMill assigns a technical rating of 4 / 10 to GGLS.
What is the current trend direction of DIREXION DAILY GOOGL BEAR 1X (GGLS) stock?
The current trend direction for DIREXION DAILY GOOGL BEAR 1X (GGLS) is Bearish.
What is the RSI signal for DIREXION DAILY GOOGL BEAR 1X (GGLS) stock?
DIREXION DAILY GOOGL BEAR 1X (GGLS) has an RSI value of 56.399. This indicates that the stock is currently neutral.
What is the short term momentum for DIREXION DAILY GOOGL BEAR 1X (GGLS) stock?
The short term momentum for DIREXION DAILY GOOGL BEAR 1X (GGLS) is positive.
What is the buy/sell signal for DIREXION DAILY GOOGL BEAR 1X (GGLS) stock?
The buy/sell signal for DIREXION DAILY GOOGL BEAR 1X (GGLS) is hold as the short term and long term trends are mixed.