Direxion Daily Latin America Bull 2X Shares (LBJ) Stock Technical Analysis
USA - NYSEARCA:LBJ - ETF
60.4 USD
+1.04 (+1.75%)
60.08 USD
-0.32 (-0.53%)
We assign a technical rating of 3 out of 10 to LBJ. Recently some decent action could be observed, but in the medium term time frame this is still negative. LBJ was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, LBJ is a bad performer in the overall market: 76% of all stocks are doing better.
LBJ 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.
Warning: LBJ has an average volume of 4722 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month LBJ has a been trading in the 50.89 - 61.00 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of LBJ is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
50.72
61.01
When analyzing the support we notice one important area.
- A support zone ranging from 51.23 to 52.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 60.41 to 60.41. 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 LBJ is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LBJ is up. |
| ChartMill Relative Strength | 24.64 | NEGATIVE | LBJ has a low relative strength, it was outperformed by 75.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LBJ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LBJ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LBJ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.79 | NEUTRAL | The RSI value for LBJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.91 | POSITIVE | The MACD value suggests LBJ has a positive trend. |
| Stochastics (14,3) | 94.74 | OVERBOUGHT | The high Stochastics value suggests LBJ may be overbought. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for LBJ 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 Latin America Bull 2X Shares
NYSEARCA:LBJ (1/14/2022, 8:04:00 PM)
After market: 60.08 -0.32 (-0.53%)60.4
+1.04 (+1.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.75%
1 Week10.93%
2 Weeks11.3%
1 Month9.95%
3 Month-8.63%
6 Month-27.43%
12 Month-25.64%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.74
ATR(20)%2.77%
ATR Inc-0.7%
Range Today2.46
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
CRS24.64
Mansfield-2.15
10 Day High61
10 Day Low51.19
20 Day High61
20 Day Low50.89
52 Week High95.73
52 Week Low48.64
CS1 End52.74
CR1 Start60.41
Volume & EV
DER(3)-3.11%
DER(5)1.4%
Volume6.30K
Volume Incr20.27%
Vol(5)5.28K
Vol(50)4.72K