DIREXION DLY PLTR BULL 2X SH (PLTU) Stock Technical Analysis
USA - NASDAQ:PLTU - US25461A4452 - ETF
89.77 USD
-1.1 (-1.21%)
88.31 USD
-1.46 (-1.63%)
Taking everything into account, PLTU scores 6 out of 10 in our technical rating. Although PLTU is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, PLTU is a bad performer in the overall market: 100% of all stocks are doing better.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month PLTU has a been trading in the 63.11 - 94.52 range, which is quite wide. It is currently trading near the high of this range.
PLTU has an average volume of 2904010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
PLTU 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
75.94
92.07
When analyzing the support we notice one important area.
- Support @76.71 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 91.16 to 91.16. 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 PLTU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PLTU is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | PLTU 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 PLTU is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PLTU is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 57.28 | NEUTRAL | The RSI value for PLTU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.37 | POSITIVE | The MACD value suggests PLTU has a positive trend. |
| Stochastics (14,3) | 97.04 | OVERBOUGHT | The high Stochastics value suggests PLTU may be overbought. |
| Average True Range in percent/ATR (20) | 8.14 | HIGH VOLATILITY | The high ATR as a percentage value for PLTU suggests high volalility. |
| Average Directional Index/ADX (14) | 19.35 | NEGATIVE | The low ADX value for PLTU suggests a weak or negative 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)
89.77
-1.1 (-1.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.21%
1 Week9.42%
2 Weeks16.28%
1 Month-6.99%
3 Month40.95%
6 Month171.29%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)5.75
ATR(20)%8.14%
ATR Inc-49.61%
Range Today2.29
ADR(20)6.98
ADR(20)%7.78%
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 High91.28
10 Day Low68.3
20 Day High94.52
20 Day Low63.11
52 Week HighN/A
52 Week LowN/A
CS1 End76.71
CR1 Start91.16
Volume & EV
DER(3)3.25%
DER(5)1.05%
Volume941.90K
Volume Incr-38.57%
Vol(5)1.88M
Vol(50)2.90M