DRX DLY HOMEBUILDERS BULL 3X (NAIL) Stock Technical Analysis
NYSEARCA:NAIL - NYSE Arca - US25490K5965 - ETF - Currency: USD
Overall NAIL gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NAIL is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
NAIL is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
NAIL has an average volume of 1144630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that NAIL is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
NAIL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NAIL is lagging the market.
Although NAIL has an excellent technical rating, it does not present a decent entry opportunity 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
43.47
85.66
We found 4 important support areas.
- Support @63.94 from a trend line in the daily time frame.
- Support @48.10 from a trend line in the weekly time frame.
- Support @45.61 from a horizontal line in the daily time frame.
- Support @43.91 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 84.08 to 84.81. 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 NAIL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NAIL is up. |
| ChartMill Relative Strength | 76.93 | POSITIVE | NAIL has a high relative strength, it outperformed 76.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NAIL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NAIL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of NAIL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.73 | NEUTRAL | The RSI value for NAIL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.38 | POSITIVE | The MACD value suggests NAIL has a positive trend. |
| Stochastics (14,3) | 84.37 | OVERBOUGHT | The high Stochastics value suggests NAIL may be overbought. |
| Average True Range in percent/ATR (20) | 5.75 | HIGH VOLATILITY | The high ATR as a percentage value for NAIL suggests high volalility. |
| Average Directional Index/ADX (14) | 31.18 | POSITIVE | The high ADX value value for NAIL 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)
84.07
+4.05 (+5.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg5.06%
1 Week12.56%
2 Weeks21.24%
1 Month25.18%
3 Month75.22%
6 Month20.79%
12 Month-46.51%
2 Year12.26%
3 Year196.75%
5 Year73.59%
10 Year158.52%
15 YearN/A
Volatility
ATR(14)5.2
ATR(20)%5.75%
ATR Inc-11.9%
Range Today4.4
ADR(20)4.43
ADR(20)%5.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.93
Mansfield-1.49
10 Day High86.27
10 Day Low65.5
20 Day High86.27
20 Day Low57.18
52 Week High178
52 Week Low39.85
CS1 End63.94
CR1 Start84.08
Volume & EV
DER(3)0.4%
DER(5)-0.28%
Volume1.23M
Volume Incr17.88%
Vol(5)1.38M
Vol(50)1.14M