Commnication Services Index Bear 3X Direxion (MUTE) Stock Technical Analysis
NYSEARCA:MUTE - NYSE Arca -
Taking everything into account, MUTE scores 0 out of 10 in our technical rating. 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.
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 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
43.16
52.83
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. |
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)
Commnication Services Index Bear 3X Direxion
NYSEARCA:MUTE (10/16/2020, 8:04:00 PM)
45.6496
-0.18 (-0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.4%
1 Week-3.24%
2 Weeks-9.5%
1 Month-12.73%
3 Month-22.68%
6 Month-58.71%
12 Month-69.78%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.52
ATR(20)%4.19%
ATR Inc-62.83%
Range Today0
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.14
Mansfield-5.99
10 Day High50.92
10 Day Low43.18
20 Day High56.01
20 Day Low43.18
52 Week High230.9
52 Week Low39.25
CS1 End43.6
CR1 Start45.95
Volume & EV
DER(3)0%
DER(5)0%
Volume2.40K
Volume Incr-25%
Vol(5)1.28K
Vol(50)1.91K