Commnication Services Index Bear 3X Direxion (MUTE) Stock Technical Analysis
NYSEARCA:MUTE - NYSE Arca -
We assign a technical rating of 0 out of 10 to MUTE. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
97% of all other stocks performed better in the past year than MUTE.
MUTE is currently trading near the lower end of its 52 week range, which is not a good sign. MUTE is lagging the S&P500 Index which is trading in the middle of its 52 week range.
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.
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
Performance
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
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)
Technical Indicators
MACD(12,26,9)-0.48
RSI(14)44.13
LBB42.49
UBB52.38
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