DIREXION DLY MEXICO BULL 3X (MEXX) Stock Technical Analysis
USA - NYSEARCA:MEXX - US25460E2818 - ETF
19.89 USD
-1.01 (-4.83%)
19.42 USD
-0.47 (-2.36%)
We assign a technical rating of 7 out of 10 to MEXX. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month MEXX has a been trading in the 19.66 - 24.08 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.
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!
MEXX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MEXX is lagging the market slightly.
When comparing the yearly performance of all stocks, we notice that MEXX is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
MEXX has an excellent technical rating, but the quality of the setup is only medium 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
16.56
22.86
3 important support areas can be observed.
- A support zone ranging from 19.65 to 19.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.46 from a trend line in the weekly time frame.
- Support @16.73 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @19.98 from a trend line in the weekly time frame.
- Resistance @22.63 from a horizontal line in the weekly time frame.
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 MEXX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MEXX is neutral. |
| ChartMill Relative Strength | 86.27 | POSITIVE | MEXX has a high relative strength, it outperformed 86.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MEXX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MEXX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MEXX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.29 | NEUTRAL | The RSI value for MEXX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests MEXX has a negative trend. |
| Stochastics (14,3) | 13.21 | OVERSOLD | The low Stochastics value suggests MEXX may be oversold. |
| Average True Range in percent/ATR (20) | 5.27 | HIGH VOLATILITY | The high ATR as a percentage value for MEXX suggests high volalility. |
| Average Directional Index/ADX (14) | 23.78 | NEUTRAL | The ADX value for MEXX suggests a possible start of a new 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)
19.89
-1.01 (-4.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-4.83%
1 Week-10.45%
2 Weeks-12.11%
1 Month-8.72%
3 Month17.48%
6 Month94.43%
12 Month37.46%
2 Year7.05%
3 Year13.73%
5 Year214.53%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.12
ATR(20)%5.27%
ATR Inc13.02%
Range Today1.48
ADR(20)1
ADR(20)%5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.27
Mansfield2.8
10 Day High24.08
10 Day Low19.66
20 Day High24.08
20 Day Low19.66
52 Week High24.08
52 Week Low8.44
CS1 End19.88
CR1 Start19.98
Volume & EV
DER(3)-1.57%
DER(5)-2.28%
Volume46.80K
Volume Incr3.62%
Vol(5)41.02K
Vol(50)36.30K