DIREXION DAILY NVDA BULL 2X (NVDU) Stock Technical Analysis
USA - NASDAQ:NVDU - US25461A8339 - ETF
118.53 USD
+0.34 (+0.29%)
118.05 USD
-0.48 (-0.4%)
Overall NVDU gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that NVDU is one of the better performing stocks in the market, outperforming 88% of all stocks.
NVDU is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NVDU is lagging the market slightly.
In the last month NVDU has a been trading in the 103.21 - 131.25 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Besides having an excellent technical rating, NVDU also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 118.10, a Stop Loss order could be placed below this zone.
More info and screens
105.96
131.75
3 important support areas can be observed.
- A support zone ranging from 116.85 to 118.10. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 109.68 to 112.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 107.03 to 107.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @122.62 from a trend line in the daily time frame.
- Resistance @130.45 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for NVDU is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NVDU is neutral. |
| ChartMill Relative Strength | 88.16 | POSITIVE | NVDU has a high relative strength, it outperformed 88.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NVDU is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NVDU is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NVDU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.93 | NEUTRAL | The RSI value for NVDU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests NVDU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 57.56 | NEUTRAL | The Stochastics value for NVDU is a neutral value. |
| Average True Range in percent/ATR (20) | 5.67 | HIGH VOLATILITY | The high ATR as a percentage value for NVDU suggests high volalility. |
| Average Directional Index/ADX (14) | 23.96 | NEUTRAL | The ADX value for NVDU suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 122.63 | 116.84 | 5.79 (4.72%) | 21.18% |
| An entry @122.63. This is a Buy Stop order right above the resistance zone. | An exit @116.84. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.79 points, which is 4.72%. | For a 1.00% total portfolio risk, you can invest 21.18% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NVDU. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
118.53
+0.34 (+0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.29%
1 Week-1.94%
2 Weeks10.74%
1 Month-0.09%
3 Month42.77%
6 Month89.83%
12 Month37.36%
2 Year399.07%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)6.19
ATR(20)%5.67%
ATR Inc-9.17%
Range Today3.52
ADR(20)5.61
ADR(20)%4.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.16
Mansfield1.44
10 Day High123.9
10 Day Low106.62
20 Day High131.25
20 Day Low103.21
52 Week High142.52
52 Week Low32.63
CS1 End118.1
CR1 Start122.62
Volume & EV
DER(3)-0.64%
DER(5)-2.13%
Volume465.80K
Volume Incr-13.12%
Vol(5)607.70K
Vol(50)652.61K