DIREXION DAILY GOOGL BEAR 1X (GGLS) Technical Analysis
NASDAQ:GGLS • US25461A6010
Current stock price
GGLS Technical Rating and Analysis
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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 91% of all other stocks performed better in the past year than GGLS.
- 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 6.16 - 7.73 range, which is quite wide. It is currently trading near the lows of this range.
- GGLS has an average volume of 17788300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
GGLS Weekly and Daily overview Charts
GGLS Setup Rating and Analysis
The technical rating of GGLS is bad and it also does not present a quality setup 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
GGLS Support and Resistance Analysis
6.12
When analyzing the support we notice one important area.
- A support zone ranging from 6.18 to 6.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 6.88 to 6.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.20 from a trend line in the weekly time frame.
- Resistance @7.37 from a trend line in the daily time frame.
- Resistance @7.80 from a horizontal line in the daily time frame.
GGLS Technical Indicator Signal Analysis
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 | 9.47 | NEGATIVE | GGLS has a low relative strength, it was outperformed by 90.53% 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) | 30.48 | NEUTRAL | The RSI value for GGLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests GGLS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 1.93 | OVERSOLD | The low Stochastics value suggests GGLS may be oversold. |
| Average True Range in percent/ATR (20) | 3.22 | MEDIUM VOLATILITY | The ATR as a percentage value for GGLS suggests some volalility. |
| Average Directional Index/ADX (14) | 26.49 | POSITIVE | The high ADX value value for GGLS suggests a strong trend. |
GGLS Chart- and CandleStick Pattern Analysis
GGLS Technicals: Chart, Performance Metrics, Trend & Indicators
6.225
+0.02 (+0.4%)
DIREXION DAILY GOOGL BEAR 1X / GGLS TA FAQ
What is the ChartMill technical rating of DIREXION DAILY GOOGL BEAR 1X (GGLS) stock?
ChartMill assigns a technical rating of 0 / 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.
Can you provide the RSI signal for DIREXION DAILY GOOGL BEAR 1X?
DIREXION DAILY GOOGL BEAR 1X (GGLS) has an RSI value of 30.4835. This indicates that the stock is currently neutral.
What is the MACD signal for GGLS stock?
The MACD indicator for DIREXION DAILY GOOGL BEAR 1X (GGLS) has a value of -0.113825, indicating a bearish trend.
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 sell as both the short term and long term trends are negative.