Commnication Services Index Bear 3X Direxion (MUTE) Technical Analysis
NYSEARCA:MUTE
Current stock price
MUTE Technical Rating and Analysis
Overall MUTE gets a technical rating of 0 out of 10. MUTE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 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, MUTE is a bad performer in the overall market: 97% of all stocks are doing better.
- MUTE is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so MUTE is lagging the market.
- In the last month MUTE has a been trading in the 43.18 - 56.01 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: MUTE has an average volume of 1914 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
MUTE Weekly and Daily overview Charts
MUTE Setup Rating and Analysis
MUTE has a poor technical rating and the quality of the setup is also 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
MUTE Support and Resistance Analysis
43.16
We found 1 important support 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.
MUTE Technical Indicator Signal Analysis
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. |
MUTE Chart- and CandleStick Pattern Analysis
MUTE Technicals: Chart, Performance Metrics, Trend & Indicators
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 TA 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.
What is the RSI signal for MUTE stock?
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 MACD signal for MUTE stock?
The MACD indicator for Commnication Services Index Bear 3X Direxion (MUTE) has a value of -0.480341, indicating a bearish trend.
What is the short term momentum for Commnication Services Index Bear 3X Direxion (MUTE) stock?
The short term momentum for Commnication Services Index Bear 3X Direxion (MUTE) is negative.