DIREXION DAILY S&P OIL & GAS (GUSH) Technical Analysis
NYSEARCA:GUSH • US25460G5009
Current stock price
GUSH Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to GUSH. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GUSH is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, GUSH did better than 96% of all other stocks. We also observe that the gains produced by GUSH over the past year are nicely spread over this period.
- GUSH is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so GUSH is performing more or less in line with the market.
- GUSH has an average volume of 1801610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month GUSH has a been trading in the 33.34 - 48.66 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GUSH Weekly and Daily overview Charts
GUSH Setup Rating and Analysis
Although GUSH has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
GUSH Support and Resistance Analysis
20.81
6 important support areas can be observed.
- A support zone ranging from 40.24 to 40.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @38.77 from a trend line in the daily time frame.
- Support @23.35 from a trend line in the weekly time frame.
- Support @22.75 from a horizontal line in the daily time frame.
- A support zone ranging from 21.48 to 21.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.02 from a horizontal line in the daily time frame.
GUSH 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 | UP | POSITIVE | The long term trend for GUSH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GUSH is up. |
| ChartMill Relative Strength | 96.1 | POSITIVE | GUSH has a high relative strength, it outperformed 96.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GUSH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GUSH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GUSH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.64 | NEUTRAL | The RSI value for GUSH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests GUSH has a negative trend. |
| Stochastics (14,3) | 61.04 | NEUTRAL | The Stochastics value for GUSH is a neutral value. |
| Average True Range in percent/ATR (20) | 6.06 | HIGH VOLATILITY | The high ATR as a percentage value for GUSH suggests high volalility. |
| Average Directional Index/ADX (14) | 39.46 | POSITIVE | The high ADX value value for GUSH suggests a strong trend. |
GUSH Chart- and CandleStick Pattern Analysis
GUSH Technicals: Chart, Performance Metrics, Trend & Indicators
40.82
-3.4 (-7.69%)
DIREXION DAILY S&P OIL & GAS / GUSH TA FAQ
Can you provide the ChartMill technical rating for DIREXION DAILY S&P OIL & GAS?
ChartMill assigns a technical rating of 10 / 10 to GUSH.
What is the current trend direction of DIREXION DAILY S&P OIL & GAS (GUSH) stock?
The current trend direction for DIREXION DAILY S&P OIL & GAS (GUSH) is Bullish.
Can you provide the RSI signal for DIREXION DAILY S&P OIL & GAS?
DIREXION DAILY S&P OIL & GAS (GUSH) has an RSI value of 55.6436. This indicates that the stock is currently neutral.
Can you provide the short term momentum for DIREXION DAILY S&P OIL & GAS?
The short term momentum for DIREXION DAILY S&P OIL & GAS (GUSH) is positive.
What is the support and resistance level for GUSH stock?
DIREXION DAILY S&P OIL & GAS (GUSH) has a support level at 40.81. Check the full technical report for our detailed analysis of GUSH support and resistance levels.