Direxion Daily Mid Cap Bear 3X Shares New (MIDZ) Stock Technical Analysis
USA - NYSEARCA:MIDZ -
74.3298 USD
+9.41 (+14.5%)
71.71 USD
-2.62 (-3.52%)
Taking everything into account, MIDZ scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MIDZ is showing a nice and steady performance.
In the last month MIDZ has a been trading in the 49.18 - 138.14 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Warning: MIDZ has an average volume of 26241 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
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.
When comparing the yearly performance of all stocks, we notice that MIDZ is one of the better performing stocks in the market, outperforming 98% of all stocks. However, this relatively good performance is mostly due to a recent big move.
MIDZ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MIDZ is lagging the market.
Besides having an excellent technical rating, MIDZ also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
64.26
75.07
We found 1 important support area.
- Support @64.91 from a horizontal line in the daily 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 MIDZ is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MIDZ is neutral. |
| ChartMill Relative Strength | 98.52 | POSITIVE | MIDZ has a high relative strength, it outperformed 98.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MIDZ is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MIDZ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MIDZ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.31 | NEUTRAL | The RSI value for MIDZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.78 | NEGATIVE | The MACD value suggests MIDZ has a negative trend. |
| Stochastics (14,3) | 13.6 | OVERSOLD | The low Stochastics value suggests MIDZ may be oversold. |
| Average True Range in percent/ATR (20) | 28.05 | HIGH VOLATILITY | The high ATR as a percentage value for MIDZ suggests high 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 Mid Cap Bear 3X Shares New
NYSEARCA:MIDZ (3/27/2020, 8:18:23 PM)
After market: 71.71 -2.62 (-3.52%)74.3298
+9.41 (+14.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg14.5%
1 Week-36.15%
2 Weeks-2.61%
1 Month26.76%
3 Month80.76%
6 Month43.83%
12 Month29.19%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)25.82
ATR(20)%28.05%
ATR Inc-54.24%
Range Today8.65
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
CRS98.52
Mansfield6.5
10 Day High138.14
10 Day Low64.06
20 Day High138.14
20 Day Low49.18
52 Week High138.14
52 Week Low38.16
CS1 End64.91
CR1 StartN/A
Volume & EV
DER(3)-1.92%
DER(5)-2.41%
Volume120.60K
Volume Incr85.48%
Vol(5)75.38K
Vol(50)26.24K