DIRXION DLY PANW BULL 2X SHR (PALU) Stock Technical Analysis
NASDAQ:PALU - Nasdaq - US25461A3793 - ETF - Currency: USD
Taking everything into account, PALU scores 1 out of 10 in our technical rating. PALU performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
100% of all other stocks performed better in the past year than PALU.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
In the last month PALU has a been trading in the 16.81 - 27.53 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of PALU is bad and it also does not present a 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
16.86
26.91
2 important support areas can be observed.
- Support @17.33 from a trend line in the daily time frame.
- Support @17.03 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 20.57 to 20.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @25.10 from a trend line in the daily time frame.
- Resistance @26.64 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 PALU is up. |
| 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 | MIXED | The current price of PALU is above 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) | 49.38 | NEUTRAL | The RSI value for PALU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.4 | POSITIVE | The MACD value suggests PALU has a positive trend. |
| Stochastics (14,3) | 75.03 | NEUTRAL | The Stochastics value for PALU is a neutral value. |
| Average True Range in percent/ATR (20) | 7.2 | HIGH VOLATILITY | The high ATR as a percentage value for PALU suggests high volalility. |
| Average Directional Index/ADX (14) | 22.16 | NEUTRAL | The ADX value for PALU 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)
20.56
-0.21 (-1.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.01%
1 Week11.18%
2 Weeks18.09%
1 Month-19.01%
3 Month-9.44%
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.13
ATR(20)%7.2%
ATR Inc-10.53%
Range Today0.84
ADR(20)1.3
ADR(20)%6.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High21.75
10 Day Low17.05
20 Day High27.53
20 Day Low16.81
52 Week HighN/A
52 Week LowN/A
CS1 End17.33
CR1 Start20.57
Volume & EV
DER(3)-5.56%
DER(5)-1.23%
Volume149.23K
Volume Incr151.58%
Vol(5)290.63K
Vol(50)88.58K