DIRXION DLY PANW BULL 2X SHR (PALU) Stock Technical Analysis
USA - NASDAQ:PALU - US25461A3793 - ETF
Taking everything into account, PALU scores 0 out of 10 in our technical rating. PALU'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.
The technical rating of PALU is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
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16.86
2 important support areas can be observed.
- Support @18.38 from a trend line in the daily time frame.
- A support zone ranging from 17.03 to 17.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @27.24 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for PALU is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PALU is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | PALU has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PALU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PALU is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 24.96 | OVERSOLD | The low RSI value suggests PALU may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.75 | NEGATIVE | The MACD value suggests PALU has a negative trend. |
| Stochastics (14,3) | 5.84 | OVERSOLD | The low Stochastics value suggests PALU may be oversold. |
| Average True Range in percent/ATR (20) | 6.18 | HIGH VOLATILITY | The high ATR as a percentage value for PALU suggests high volalility. |
| Average Directional Index/ADX (14) | 23.54 | NEUTRAL | The ADX value for PALU suggests a possible start of a new trend. |
19.9188
-3.43 (-14.69%)
DIRXION DLY PANW BULL 2X SHR / PALU FAQ
What is the ChartMill technical rating of DIRXION DLY PANW BULL 2X SHR (PALU) stock?
ChartMill assigns a technical rating of 0 / 10 to PALU.
What is the current trend direction of DIRXION DLY PANW BULL 2X SHR (PALU) stock?
The current trend direction for DIRXION DLY PANW BULL 2X SHR (PALU) is Bearish.
What is the RSI signal for PALU stock?
DIRXION DLY PANW BULL 2X SHR (PALU) has an RSI value of 24.9556. This indicates that the stock is currently oversold.
What is the MACD signal for DIRXION DLY PANW BULL 2X SHR (PALU) stock?
The MACD indicator for DIRXION DLY PANW BULL 2X SHR (PALU) has a value of -0.749607, indicating a bearish trend.
What is the support and resistance level for PALU stock?
DIRXION DLY PANW BULL 2X SHR (PALU) has a support level at 18.38 and a resistance level at 27.24. Check the full technical report for our detailed analysis of PALU support and resistance levels.