DIREXION DAILY MSCI INDIA BU (INDL) Technical Analysis
NYSEARCA:INDL • US25490K3317
Taking everything into account, INDL scores 0 out of 10 in our technical rating. 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.
- When comparing the yearly performance of all stocks, INDL is a bad performer in the overall market: 79% of all stocks are doing better.
- INDL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so INDL is lagging the market.
- In the last month INDL has a been trading in the 46.12 - 55.83 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The technical rating of INDL 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
47.49
3 important resistance areas can be observed.
- A resistance zone ranging from 53.65 to 54.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @56.86 from a trend line in the daily time frame.
- A resistance zone ranging from 58.35 to 59.20. 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 | 21.42 | NEGATIVE | INDL has a low relative strength, it was outperformed by 78.58% 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) | 29.62 | OVERSOLD | The low RSI value suggests INDL may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.62 | NEGATIVE | The MACD value suggests INDL has a negative trend. |
| Stochastics (14,3) | 25.6 | NEUTRAL | The Stochastics value for INDL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for INDL suggests some volalility. |
| Average Directional Index/ADX (14) | 21.51 | NEUTRAL | The ADX value for INDL suggests a possible start of a new trend. |
INDL Technicals: Chart, Performance Metrics, Trend & Indicators
47.97
-0.76 (-1.56%)
DIREXION DAILY MSCI INDIA BU / INDL FAQ
What is the technical rating for INDL stock?
ChartMill assigns a technical rating of 0 / 10 to INDL.
What is the trend direction for INDL stock?
The current trend direction for DIREXION DAILY MSCI INDIA BU (INDL) is Bearish.
What is the RSI signal for INDL stock?
DIREXION DAILY MSCI INDIA BU (INDL) has an RSI value of 29.6225. This indicates that the stock is currently oversold.
Can you provide the short term momentum for DIREXION DAILY MSCI INDIA BU?
The short term momentum for DIREXION DAILY MSCI INDIA BU (INDL) is negative.
Can you provide the buy/sell signal for DIREXION DAILY MSCI INDIA BU?
The buy/sell signal for DIREXION DAILY MSCI INDIA BU (INDL) is sell as both the short term and long term trends are negative.