DIREXION DAILY NVDA BULL 2X (NVDU) Stock Technical Analysis
NASDAQ:NVDU - Nasdaq - US25461A8339 - ETF - Currency: USD
Overall NVDU gets a technical rating of 5 out of 10. In the past year, NVDU was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
79% of all other stocks performed better in the past year than NVDU.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
NVDU 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.
NVDU has an average volume of 1368190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NVDU is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NVDU is lagging the market slightly.
NVDU has an average technical rating and it also does not offer a high quality setup 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
40.16
75.66
We found 2 important support areas.
- A support zone ranging from 70.15 to 70.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @40.57 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @73.01 from a trend line in the daily time frame.
- A resistance zone ranging from 74.73 to 74.91. 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 | NEUTRAL | NEUTRAL | The long term trend for NVDU is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NVDU is up. |
| ChartMill Relative Strength | 21.56 | NEGATIVE | NVDU has a low relative strength, it was outperformed by 78.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NVDU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NVDU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NVDU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.95 | NEUTRAL | The RSI value for NVDU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.96 | POSITIVE | The MACD value suggests NVDU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.04 | NEUTRAL | The Stochastics value for NVDU is a neutral value. |
| Average True Range in percent/ATR (20) | 6.05 | HIGH VOLATILITY | The high ATR as a percentage value for NVDU suggests high volalility. |
| Average Directional Index/ADX (14) | 26.47 | POSITIVE | The high ADX value value for NVDU 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)
70.16
-1.79 (-2.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.49%
1 Week-6.12%
2 Weeks25.2%
1 Month37.33%
3 Month-17.71%
6 Month-42.87%
12 Month-18.28%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.48
ATR(20)%6.05%
ATR Inc-21.54%
Range Today3.71
ADR(20)3.59
ADR(20)%5.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.56
Mansfield-2.42
10 Day High76.96
10 Day Low59.58
20 Day High76.96
20 Day Low44.82
52 Week High146.87
52 Week Low32.63
CS1 End70.15
CR1 Start73.01
Volume & EV
DER(3)2.84%
DER(5)2.46%
Volume1.27M
Volume Incr6.97%
Vol(5)1.18M
Vol(50)1.37M