DIREXION DAILY S&P 500 HIGH (HIBS) Stock Technical Analysis
NYSEARCA:HIBS - NYSE Arca - US25460E2248 - ETF - Currency: USD
Overall HIBS gets a technical rating of 0 out of 10. HIBS'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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
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 7.54 - 8.99 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.
HIBS 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 resistance zone just above the current price starting at 8.54. Right above this resistance zone may be a good entry point.
More info and screens
7.47
8.63
When analyzing the support we notice one important area.
- Support @7.55 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 8.54 to 8.54. 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 | 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 | 2.3 | NEGATIVE | HIBS has a low relative strength, it was outperformed by 97.7% 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) | 39.29 | NEUTRAL | The RSI value for HIBS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests HIBS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 18.67 | OVERSOLD | The low Stochastics value suggests HIBS may be oversold. |
| Average True Range in percent/ATR (20) | 4.77 | MEDIUM VOLATILITY | The ATR as a percentage value for HIBS suggests some volalility. |
| Average Directional Index/ADX (14) | 18.11 | 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)
7.78
-0.16 (-2.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.02%
1 Week-8.04%
2 Weeks-4.77%
1 Month-5.35%
3 Month-42.92%
6 Month-55.08%
12 Month-63.66%
2 Year-78.97%
3 Year-91.1%
5 Year-99.24%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.41
ATR(20)%4.77%
ATR Inc-42.87%
Range Today0.21
ADR(20)0.32
ADR(20)%4.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.3
Mansfield-5.87
10 Day High8.67
10 Day Low7.54
20 Day High8.99
20 Day Low7.54
52 Week High41.69
52 Week Low7.54
CS1 End7.55
CR1 Start8.54
Volume & EV
DER(3)1.26%
DER(5)0.06%
Volume197.90K
Volume Incr-34.49%
Vol(5)540.84K
Vol(50)585.53K