DIREXION DAILY MSCI INDIA BU (INDL) Stock Technical Analysis
NYSEARCA:INDL - NYSE Arca - US25490K3317 - ETF - Currency: USD
We assign a technical rating of 0 out of 10 to INDL. INDL 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.
86% of all other stocks performed better in the past year than INDL.
INDL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
INDL is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Although the technical rating is bad, INDL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 55.52, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for INDL 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
49.94
64.20
When analyzing the support we can see 2 important areas.
- A support zone ranging from 54.91 to 55.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @50.44 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 61.13 to 61.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 62.61 to 63.56. 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 INDL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for INDL is down. |
| ChartMill Relative Strength | 14.08 | NEGATIVE | INDL has a low relative strength, it was outperformed by 85.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of INDL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of INDL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of INDL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.18 | NEUTRAL | The RSI value for INDL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests INDL has a positive trend. |
| Stochastics (14,3) | 36.7 | NEUTRAL | The Stochastics value for INDL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.65 | LOW VOLATILITY | The low ATR as a percentage value for INDL suggests low volalility. |
| Average Directional Index/ADX (14) | 27.85 | POSITIVE | The high ADX value value for INDL suggests a strong 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)
56.09
+0.62 (+1.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.12%
1 Week2.41%
2 Weeks-0.18%
1 Month-6.81%
3 Month-8.94%
6 Month7.21%
12 Month-20.78%
2 Year17.37%
3 Year11.82%
5 Year83.72%
10 Year-1.73%
15 Year-63.76%
Volatility
ATR(14)0.89
ATR(20)%1.65%
ATR Inc-17.45%
Range Today0.36
ADR(20)0.6
ADR(20)%1.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.08
Mansfield-1.65
10 Day High56.62
10 Day Low54.5
20 Day High61.13
20 Day Low54.5
52 Week High78
52 Week Low48
CS1 End55.52
CR1 Start61.13
Volume & EV
DER(3)3.62%
DER(5)1.13%
Volume16.20K
Volume Incr-7.16%
Vol(5)31.30K
Vol(50)31.72K