DIREXION DAILY S&P 500 HIGH (HIBS) Stock Technical Analysis
USA - NYSEARCA:HIBS - US25460E2248 - ETF
7.03 USD
+0.09 (+1.3%)
6.93 USD
-0.1 (-1.42%)
We assign a technical rating of 0 out of 10 to HIBS. HIBS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, HIBS is a bad performer in the overall market: 98% of all stocks are doing better.
HIBS 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 HIBS has a been trading in the 6.88 - 8.63 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Considerably lower volume is observed in the last couple of days.
The technical rating of HIBS 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
6.96
7.90
When analyzing the resistance we notice 2 important areas.
- Resistance @7.22 from a trend line in the daily time frame.
- Resistance @7.82 from a horizontal line in the daily 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 HIBS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HIBS is down. |
| ChartMill Relative Strength | 2.28 | NEGATIVE | HIBS has a low relative strength, it was outperformed by 97.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HIBS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HIBS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HIBS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.86 | NEUTRAL | The RSI value for HIBS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests HIBS has a negative trend. |
| Stochastics (14,3) | 8.74 | OVERSOLD | The low Stochastics value suggests HIBS may be oversold. |
| Average True Range in percent/ATR (20) | 4.51 | MEDIUM VOLATILITY | The ATR as a percentage value for HIBS suggests some volalility. |
| Average Directional Index/ADX (14) | 16.33 | NEGATIVE | The low ADX value for HIBS 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)
7.03
+0.09 (+1.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.3%
1 Week-6.02%
2 Weeks-2.63%
1 Month-8.7%
3 Month-40.37%
6 Month-69.58%
12 Month-68.5%
2 Year-84.86%
3 Year-94.05%
5 Year-99.38%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%4.51%
ATR Inc-12.3%
Range Today0.14
ADR(20)0.28
ADR(20)%3.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.28
Mansfield-6.1
10 Day High8.07
10 Day Low6.88
20 Day High8.63
20 Day Low6.88
52 Week High41.69
52 Week Low6.88
CS1 EndN/A
CR1 Start7.22
Volume & EV
DER(3)-7.75%
DER(5)-5.83%
Volume399.70K
Volume Incr-38.55%
Vol(5)407.67K
Vol(50)694.31K