DIREXION DAILY S&P 500 HIGH (HIBS) Stock Technical Analysis
NYSEARCA:HIBS • US25460E2248
Overall HIBS gets a technical rating of 0 out of 10. 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.
- 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.
- When comparing the yearly performance of all stocks, HIBS is a bad performer in the overall market: 95% 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.
- HIBS has an average volume of 3640440 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month HIBS has a been trading in the 3.87 - 4.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
HIBS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 4.42. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for HIBS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
3.93
2 important support areas can be observed.
- A support zone ranging from 4.15 to 4.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.97 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 4.42 to 4.52. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for HIBS is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HIBS is neutral. |
| ChartMill Relative Strength | 5.37 | NEGATIVE | HIBS has a low relative strength, it was outperformed by 94.63% 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) | 48.33 | NEUTRAL | The RSI value for HIBS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests HIBS has a positive trend. |
| Stochastics (14,3) | 38.27 | NEUTRAL | The Stochastics value for HIBS is a neutral value. |
| Average True Range in percent/ATR (20) | 7.83 | HIGH VOLATILITY | The high ATR as a percentage value for HIBS suggests high volalility. |
| Average Directional Index/ADX (14) | 8.19 | NEGATIVE | The low ADX value for HIBS suggests a weak or negative trend. |
4.21
+0.04 (+0.96%)
DIREXION DAILY S&P 500 HIGH / HIBS FAQ
What is the technical rating for HIBS stock?
ChartMill assigns a technical rating of 0 / 10 to HIBS.
Can you provide the trend direction for DIREXION DAILY S&P 500 HIGH?
The current trend direction for DIREXION DAILY S&P 500 HIGH (HIBS) is Bearish.
What is the RSI signal for DIREXION DAILY S&P 500 HIGH (HIBS) stock?
DIREXION DAILY S&P 500 HIGH (HIBS) has an RSI value of 48.3335. This indicates that the stock is currently neutral.
What is the short term momentum for DIREXION DAILY S&P 500 HIGH (HIBS) stock?
The short term momentum for DIREXION DAILY S&P 500 HIGH (HIBS) is neutral.