DIREXION DAILY S&P OIL & GAS (GUSH) Stock Technical Analysis
NYSEARCA:GUSH - NYSE Arca - US25460G5009 - ETF - Currency: USD
Overall GUSH gets a technical rating of 1 out of 10. GUSH's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
90% of all other stocks performed better in the past year than GUSH.
GUSH is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GUSH is lagging the market.
GUSH has an average volume of 1116480 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 17.45 - 23.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GUSH 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 support zone below the current price at 20.99, a Stop Loss order could be placed below this zone.
More info and screens
20.56
36.00
When analyzing the support we notice one important area.
- A support zone ranging from 20.77 to 20.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 21.93 to 21.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @22.77 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 23.35 to 23.50. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @28.27 from a trend line in the weekly time frame.
- Resistance @35.64 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 GUSH is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GUSH is neutral. |
| ChartMill Relative Strength | 10.24 | NEGATIVE | GUSH has a low relative strength, it was outperformed by 89.76% 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) | DOWN | NEGATIVE | The current price of GUSH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GUSH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.81 | NEUTRAL | The RSI value for GUSH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests GUSH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 51.26 | NEUTRAL | The Stochastics value for GUSH is a neutral value. |
| Average True Range in percent/ATR (20) | 5.1 | HIGH VOLATILITY | The high ATR as a percentage value for GUSH suggests high volalility. |
| Average Directional Index/ADX (14) | 17.56 | NEGATIVE | The low ADX value for GUSH 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)
21
-0.77 (-3.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.54%
1 Week-5.06%
2 Weeks-10.64%
1 Month10.7%
3 Month-21.55%
6 Month-37.85%
12 Month-45.99%
2 Year-18.46%
3 Year-60.38%
5 Year134.77%
10 Year-99.89%
15 YearN/A
Volatility
ATR(14)1.1
ATR(20)%5.1%
ATR Inc-4.32%
Range Today1.19
ADR(20)0.89
ADR(20)%4.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.24
Mansfield-2.85
10 Day High23.45
10 Day Low20.18
20 Day High23.85
20 Day Low17.45
52 Week High39.05
52 Week Low14.7
CS1 End20.99
CR1 Start21.93
Volume & EV
DER(3)-2.27%
DER(5)-2.57%
Volume953.10K
Volume Incr-20.22%
Vol(5)917.50K
Vol(50)1.12M