DIREXION DLY MEXICO BULL 3X (MEXX) Stock Technical Analysis
NYSEARCA:MEXX - NYSE Arca - US25460E2818 - ETF - Currency: USD
We assign a technical rating of 6 out of 10 to MEXX. In the last year, MEXX was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
In the last month MEXX has a been trading in the 15.46 - 18.40 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 gets the benefit of the doubt for now.
Looking at the yearly performance, MEXX did better than 76% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
MEXX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MEXX is lagging the market slightly.
MEXX 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
8.93
17.89
When analyzing the support we can see 2 important areas.
- Support @10.96 from a trend line in the weekly time frame.
- Support @9.02 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 17.45 to 17.71. 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 | 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 | 76.55 | POSITIVE | MEXX has a high relative strength, it outperformed 76.55% 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) | 41.76 | NEUTRAL | The RSI value for MEXX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests MEXX has a negative trend. |
| Stochastics (14,3) | 6.12 | OVERSOLD | The low Stochastics value suggests MEXX may be oversold. |
| Average True Range in percent/ATR (20) | 5.14 | HIGH VOLATILITY | The high ATR as a percentage value for MEXX suggests high volalility. |
| Average Directional Index/ADX (14) | 16.43 | NEGATIVE | The low ADX value for MEXX suggests a weak or negative 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)
NYSEARCA:MEXX (6/20/2025, 8:04:00 PM)
After market: 15.5001 -0.12 (-0.77%)15.62
-0.72 (-4.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-4.41%
1 Week-11.8%
2 Weeks-7.68%
1 Month-6.69%
3 Month35.12%
6 Month46.8%
12 Month-13.89%
2 Year-48.35%
3 Year7.78%
5 Year180.17%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.74
ATR(20)%5.14%
ATR Inc-5.64%
Range Today0.78
ADR(20)0.75
ADR(20)%4.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.55
Mansfield1.18
10 Day High18.4
10 Day Low15.46
20 Day High18.4
20 Day Low15.46
52 Week High22.5
52 Week Low8.44
CS1 End10.96
CR1 Start17.45
Volume & EV
DER(3)-2.1%
DER(5)-1.72%
Volume62.10K
Volume Incr99.95%
Vol(5)147.58K
Vol(50)114.90K