DIREXION DAILY MSFT BULL 2X (MSFU) Stock Technical Analysis
NASDAQ:MSFU - Nasdaq - US25461A8669 - ETF - Currency: USD
Taking everything into account, MSFU scores 9 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, MSFU is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
MSFU is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month MSFU has a been trading in the 45.29 - 51.45 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that MSFU is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Considerably lower volume is observed in the last couple of days.
MSFU has an excellent technical rating, but the quality of the setup is only medium 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
47.94
51.29
2 important support areas can be observed.
- A support zone ranging from 49.83 to 50.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 48.42 to 48.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 50.72 to 50.78. 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 MSFU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MSFU is up. |
| ChartMill Relative Strength | 90.6 | POSITIVE | MSFU has a high relative strength, it outperformed 90.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MSFU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MSFU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MSFU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.92 | NEUTRAL | The RSI value for MSFU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests MSFU has a negative trend. |
| Stochastics (14,3) | 83.45 | OVERBOUGHT | The high Stochastics value suggests MSFU may be overbought. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for MSFU suggests some volalility. |
| Average Directional Index/ADX (14) | 41.16 | POSITIVE | The high ADX value value for MSFU 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)
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 |
|---|---|---|---|
| 50.79 | 49.82 | 0.97 (1.91%) | 25.00% |
| An entry @50.79. This is a Buy Stop order right above the resistance zone. | An exit @49.82. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.97 points, which is 1.91%. | For a 0.48% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MSFU. 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.
50.65
-0.06 (-0.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.12%
1 Week1.97%
2 Weeks2.51%
1 Month8.46%
3 Month80.25%
6 Month24.75%
12 Month7.54%
2 Year45.25%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.13
ATR(20)%2.4%
ATR Inc-23.18%
Range Today0.54
ADR(20)1.15
ADR(20)%2.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.6
Mansfield1.61
10 Day High51.45
10 Day Low47.95
20 Day High51.45
20 Day Low45.29
52 Week High51.45
52 Week Low25.06
CS1 End50.64
CR1 Start50.72
Volume & EV
DER(3)-0.54%
DER(5)1.92%
Volume118.70K
Volume Incr-28%
Vol(5)212.44K
Vol(50)403.24K