DIREXION DAILY S&P OIL & GAS (GUSH) Technical Analysis
NYSEARCA:GUSH • US25460G5009
Taking everything into account, GUSH scores 9 out of 10 in our technical rating. 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.
- GUSH is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GUSH is lagging the market slightly.
- In the last month GUSH has a been trading in the 27.41 - 37.60 range, which is quite wide. It is currently trading near the high of this range.
- GUSH has an average volume of 1557530 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, GUSH did better than 91% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- Volume is considerably higher in the last couple of days.
Although GUSH has an excellent technical rating, it does not offer a high 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
20.43
4 important support areas can be observed.
- A support zone ranging from 33.88 to 34.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 22.75 to 22.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 21.36 to 21.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.64 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 36.30 to 36.30. 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 | 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 | 91.58 | POSITIVE | GUSH has a high relative strength, it outperformed 91.58% 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) | 68.77 | NEUTRAL | The RSI value for GUSH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests GUSH has a positive trend. |
| Stochastics (14,3) | 72.28 | NEUTRAL | The Stochastics value for GUSH is a neutral value. |
| Average True Range in percent/ATR (20) | 5.51 | HIGH VOLATILITY | The high ATR as a percentage value for GUSH suggests high volalility. |
| Average Directional Index/ADX (14) | 33.19 | POSITIVE | The high ADX value value for GUSH suggests a strong trend. |
GUSH Technicals: Chart, Performance Metrics, Trend & Indicators
36.29
+2.4 (+7.08%)
DIREXION DAILY S&P OIL & GAS / GUSH FAQ
Can you provide the ChartMill technical rating for DIREXION DAILY S&P OIL & GAS?
ChartMill assigns a technical rating of 9 / 10 to GUSH.
Can you provide the trend direction for DIREXION DAILY S&P OIL & GAS?
The current trend direction for DIREXION DAILY S&P OIL & GAS (GUSH) is Bullish.
What is the RSI signal for GUSH stock?
DIREXION DAILY S&P OIL & GAS (GUSH) has an RSI value of 68.7678. This indicates that the stock is currently neutral.
Can you provide the MACD signal for DIREXION DAILY S&P OIL & GAS?
The MACD indicator for DIREXION DAILY S&P OIL & GAS (GUSH) has a value of 0.208309, indicating a bearish trend.
Can you provide the support and resistance levels for DIREXION DAILY S&P OIL & GAS?
DIREXION DAILY S&P OIL & GAS (GUSH) has a support level at 34.23 and a resistance level at 36.3. Check the full technical report for our detailed analysis of GUSH support and resistance levels.