Taking everything into account, MSFU scores 0 out of 10 in our technical rating. MSFU scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, MSFU is a bad performer in the overall market: 88% of all stocks are doing better.
- MSFU is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month MSFU has a been trading in the 33.85 - 42.71 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.
The technical rating of MSFU is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
34.36
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 39.65 to 39.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @50.89 from a trend line in the weekly time frame.
- Resistance @54.18 from a horizontal line in the weekly time frame.
- Resistance @55.53 from a horizontal line in the daily time frame.
- Resistance @56.94 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 | DOWN | NEGATIVE | The long term trend for MSFU is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MSFU is down. |
| ChartMill Relative Strength | 12.19 | NEGATIVE | MSFU has a low relative strength, it was outperformed by 87.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MSFU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MSFU is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MSFU is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 24.17 | OVERSOLD | The low RSI value suggests MSFU may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests MSFU has a negative trend. |
| Stochastics (14,3) | 10.79 | OVERSOLD | The low Stochastics value suggests MSFU may be oversold. |
| Average True Range in percent/ATR (20) | 3.72 | MEDIUM VOLATILITY | The ATR as a percentage value for MSFU suggests some volalility. |
| Average Directional Index/ADX (14) | 30.55 | POSITIVE | The high ADX value value for MSFU suggests a strong trend. |
34.71
-1.69 (-4.64%)
DIREXION DAILY MSFT BULL 2X / MSFU FAQ
Can you provide the ChartMill technical rating for DIREXION DAILY MSFT BULL 2X?
ChartMill assigns a technical rating of 0 / 10 to MSFU.
What is the current trend direction of DIREXION DAILY MSFT BULL 2X (MSFU) stock?
The current trend direction for DIREXION DAILY MSFT BULL 2X (MSFU) is Bearish.
What is the RSI signal for MSFU stock?
DIREXION DAILY MSFT BULL 2X (MSFU) has an RSI value of 24.1718. This indicates that the stock is currently oversold.
Can you provide the buy/sell signal for DIREXION DAILY MSFT BULL 2X?
The buy/sell signal for DIREXION DAILY MSFT BULL 2X (MSFU) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for DIREXION DAILY MSFT BULL 2X (MSFU) stock?
DIREXION DAILY MSFT BULL 2X (MSFU) has a resistance level at 39.65. Check the full technical report for our detailed analysis of MSFU support and resistance levels.