DIREXION DLY MEXICO BULL 3X (MEXX) Stock Technical Analysis
USA - NYSEARCA:MEXX - US25460E2818 - ETF
Overall MEXX gets a technical rating of 10 out of 10. Both in the recent history as in the last year, MEXX has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although MEXX has an excellent technical rating, it does not present a decent entry opportunity 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
19.69
When analyzing the support we can see 3 important areas.
- A support zone ranging from 21.58 to 21.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.94 to 21.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.89 to 19.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @23.03 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 | UP | POSITIVE | The short term trend for MEXX is up. |
| ChartMill Relative Strength | 94.74 | POSITIVE | MEXX has a high relative strength, it outperformed 94.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MEXX is above the rising 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) | 56.43 | NEUTRAL | The RSI value for MEXX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests MEXX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.78 | OVERBOUGHT | The high Stochastics value suggests MEXX may be overbought. |
| Average True Range in percent/ATR (20) | 4.46 | MEDIUM VOLATILITY | The ATR as a percentage value for MEXX suggests some volalility. |
| Average Directional Index/ADX (14) | 14.4 | NEGATIVE | The low ADX value for MEXX suggests a weak or negative trend. |
23.02
-1.3 (-5.35%)
DIREXION DLY MEXICO BULL 3X / MEXX FAQ
Can you provide the ChartMill technical rating for DIREXION DLY MEXICO BULL 3X?
ChartMill assigns a technical rating of 10 / 10 to MEXX.
Can you provide the trend direction for DIREXION DLY MEXICO BULL 3X?
The current trend direction for DIREXION DLY MEXICO BULL 3X (MEXX) is Bullish.
What is the RSI signal for MEXX stock?
DIREXION DLY MEXICO BULL 3X (MEXX) has an RSI value of 56.4305. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for DIREXION DLY MEXICO BULL 3X?
The buy/sell signal for DIREXION DLY MEXICO BULL 3X (MEXX) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for DIREXION DLY MEXICO BULL 3X (MEXX) stock?
DIREXION DLY MEXICO BULL 3X (MEXX) has a support level at 21.84 and a resistance level at 23.03. Check the full technical report for our detailed analysis of MEXX support and resistance levels.