Direxion Daily Japan Bull 3x Shares (JPNL) Stock Technical Analysis
NYSEARCA:JPNL - NYSE Arca - - Currency: USD
We assign a technical rating of 6 out of 10 to JPNL. JPNL has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
Warning: JPNL has an average volume of 4520 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When compared to the yearly performance of all other stocks, JPNL outperforms 48% of them, which is more or less in line with the market.
JPNL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so JPNL is lagging the market.
In the last month JPNL has a been trading in the 48.46 - 53.26 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
JPNL has an average technical rating and it also does not offer a high 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
47.07
53.49
When analyzing the support we can see 2 important areas.
- A support zone ranging from 48.92 to 50.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 47.55 to 47.87. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 51.60 to 52.96. 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 | UP | POSITIVE | The long term trend for JPNL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for JPNL is neutral. |
| ChartMill Relative Strength | 48.92 | NEUTRAL | JPNL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of JPNL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of JPNL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of JPNL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.7 | NEUTRAL | The RSI value for JPNL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests JPNL has a negative trend. |
| Stochastics (14,3) | 53.32 | NEUTRAL | The Stochastics value for JPNL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.38 | MEDIUM VOLATILITY | The ATR as a percentage value for JPNL suggests some volalility. |
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)
Direxion Daily Japan Bull 3x Shares
NYSEARCA:JPNL (10/16/2020, 8:04:00 PM)
50.49
-0.76 (-1.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.47%
1 Week-3.7%
2 Weeks-0.31%
1 Month-3.12%
3 Month12.1%
6 Month48.49%
12 Month-11.33%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.88
ATR(20)%2.38%
ATR Inc45.61%
Range Today0.81
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.92
Mansfield-0.76
10 Day High53.15
10 Day Low50.44
20 Day High53.26
20 Day Low48.46
52 Week High67.75
52 Week Low20.7
CS1 End50.48
CR1 Start51.6
Volume & EV
DER(3)12.81%
DER(5)7.68%
Volume6.20K
Volume Incr-45.4%
Vol(5)2.94K
Vol(50)4.52K