We assign a technical rating of 0 out of 10 to MUTE. MUTE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
MUTE has a poor technical rating and the quality of the setup is also not perfect 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
43.16
When analyzing the support we notice one important area.
- Support @43.60 from a trend line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 45.95 to 46.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 48.21 to 49.05. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @50.93 from a horizontal line in the daily time frame.
- Resistance @52.31 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 MUTE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MUTE is down. |
| ChartMill Relative Strength | 3.14 | NEGATIVE | MUTE has a low relative strength, it was outperformed by 96.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MUTE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MUTE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MUTE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.13 | NEUTRAL | The RSI value for MUTE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests MUTE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.84 | NEUTRAL | The Stochastics value for MUTE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.19 | MEDIUM VOLATILITY | The ATR as a percentage value for MUTE suggests some volalility. |
Commnication Services Index Bear 3X Direxion
NYSEARCA:MUTE (10/16/2020, 8:04:00 PM)
45.6496
-0.18 (-0.4%)
Commnication Services Index Bear 3X Direxion / MUTE FAQ
What is the ChartMill technical rating of Commnication Services Index Bear 3X Direxion (MUTE) stock?
ChartMill assigns a technical rating of 0 / 10 to MUTE.
What is the trend direction for MUTE stock?
The current trend direction for Commnication Services Index Bear 3X Direxion (MUTE) is Bearish.
Can you provide the RSI signal for Commnication Services Index Bear 3X Direxion?
Commnication Services Index Bear 3X Direxion (MUTE) has an RSI value of 44.1312. This indicates that the stock is currently neutral.
What is the buy/sell signal for MUTE stock?
The buy/sell signal for Commnication Services Index Bear 3X Direxion (MUTE) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for Commnication Services Index Bear 3X Direxion?
Commnication Services Index Bear 3X Direxion (MUTE) has a support level at 43.6 and a resistance level at 45.95. Check the full technical report for our detailed analysis of MUTE support and resistance levels.