DIREXION DLY MEXICO BULL 3X (MEXX) Stock Technical Analysis
NYSEARCA:MEXX - NYSE Arca - US25460E2818 - ETF - Currency: USD
Taking everything into account, MEXX scores 7 out of 10 in our technical rating. Although MEXX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the performance of all stocks over the past year, MEXX turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.
MEXX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MEXX is lagging the market.
In the last month MEXX has a been trading in the 14.94 - 18.86 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, MEXX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 15.62, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MEXX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
8.93
18.54
3 important support areas can be observed.
- A support zone ranging from 15.46 to 15.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.28 from a trend line in the weekly time frame.
- Support @9.02 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 16.52 to 16.96. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 18.36 to 18.36. 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 | 50.89 | NEUTRAL | MEXX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MEXX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MEXX is below 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) | 43.88 | NEUTRAL | The RSI value for MEXX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests MEXX has a negative trend. |
| Stochastics (14,3) | 17.26 | OVERSOLD | The low Stochastics value suggests MEXX may be oversold. |
| Average True Range in percent/ATR (20) | 4.29 | MEDIUM VOLATILITY | The ATR as a percentage value for MEXX suggests some volalility. |
| Average Directional Index/ADX (14) | 12.76 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 16.97 | 16.05 | 0.92 (5.42%) | 18.45% |
| An entry @16.97. This is a Buy Stop order right above the resistance zone. | An exit @16.05. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.92 points, which is 5.42%. | When investing 18.45% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of MEXX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSEARCA:MEXX (7/18/2025, 8:04:00 PM)
16.36
-0.29 (-1.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.74%
1 Week-3.37%
2 Weeks-10.89%
1 Month0.12%
3 Month27.02%
6 Month75.35%
12 Month-13.39%
2 Year-51.24%
3 Year12.37%
5 Year181.49%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.71
ATR(20)%4.29%
ATR Inc-17.64%
Range Today0.54
ADR(20)0.67
ADR(20)%4.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.89
Mansfield1.35
10 Day High18.27
10 Day Low16.06
20 Day High18.86
20 Day Low14.94
52 Week High20.27
52 Week Low8.44
CS1 End15.62
CR1 Start16.52
Volume & EV
DER(3)4.7%
DER(5)3.1%
Volume35.10K
Volume Incr-57.19%
Vol(5)44.20K
Vol(50)92.64K