DIREXION DAILY MSFT BEAR 1X (MSFD) Stock Technical Analysis
NASDAQ:MSFD - Nasdaq - US25461A4031 - ETF - Currency: USD
We assign a technical rating of 0 out of 10 to MSFD. MSFD scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
87% of all other stocks performed better in the past year than MSFD.
MSFD is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month MSFD has a been trading in the 11.21 - 12.33 range, which is quite wide. It is currently trading near the lows of this range.
The technical rating of MSFD is bad and it also does not present a 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
11.17
16.15
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 12.50 to 12.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.90 from a horizontal line in the daily time frame.
- Resistance @15.50 from a trend line in the weekly time frame.
- Resistance @15.99 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 | DOWN | NEGATIVE | The long term trend for MSFD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MSFD is down. |
| ChartMill Relative Strength | 13.66 | NEGATIVE | MSFD has a low relative strength, it was outperformed by 86.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MSFD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MSFD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MSFD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 22.37 | OVERSOLD | The low RSI value suggests MSFD may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MSFD has a negative trend. |
| Stochastics (14,3) | 6.64 | OVERSOLD | The low Stochastics value suggests MSFD may be oversold. |
| Average True Range in percent/ATR (20) | 1.27 | LOW VOLATILITY | The low ATR as a percentage value for MSFD suggests low volalility. |
| Average Directional Index/ADX (14) | 47.65 | POSITIVE | The high ADX value value for MSFD suggests a strong 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)
11.28
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week-4.41%
2 Weeks-4%
1 Month-7.99%
3 Month-25.25%
6 Month-15.95%
12 Month-13.43%
2 Year-35.06%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%1.27%
ATR Inc-20.23%
Range Today0.12
ADR(20)0.13
ADR(20)%1.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.66
Mansfield-2.3
10 Day High11.91
10 Day Low11.21
20 Day High12.33
20 Day Low11.21
52 Week High16.53
52 Week Low11.21
CS1 EndN/A
CR1 Start12.5
Volume & EV
DER(3)-0.38%
DER(5)-3.37%
Volume234.90K
Volume Incr6.19%
Vol(5)153.94K
Vol(50)168.04K