Direxion Daily Russia Bear 3x Shares New (RUSS) Stock Technical Analysis
USA - NYSEARCA:RUSS -
9.09 USD
+1.28 (+16.39%)
9 USD
-0.09 (-0.99%)
Taking everything into account, RUSS scores 5 out of 10 in our technical rating. RUSS was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
RUSS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month RUSS has a been trading in the 7.80 - 21.25 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When comparing the yearly performance of all stocks, we notice that RUSS is one of the better performing stocks in the market, outperforming 88% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Although the technical rating is only medium, RUSS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
7.72
9.18
When analyzing the support we notice one important area.
- Support @7.80 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 | NEUTRAL | NEUTRAL | The long term trend for RUSS is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RUSS is down. |
| ChartMill Relative Strength | 88.84 | POSITIVE | RUSS has a high relative strength, it outperformed 88.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RUSS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RUSS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RUSS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.74 | NEUTRAL | The RSI value for RUSS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.95 | NEGATIVE | The MACD value suggests RUSS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.51 | OVERSOLD | The low Stochastics value suggests RUSS may be oversold. |
| Average True Range in percent/ATR (20) | 36 | HIGH VOLATILITY | The high ATR as a percentage value for RUSS suggests high volalility. |
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)
Direxion Daily Russia Bear 3x Shares New
NYSEARCA:RUSS (3/27/2020, 8:29:55 PM)
After market: 9 -0.09 (-0.99%)9.09
+1.28 (+16.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg16.39%
1 Week-30.34%
2 Weeks-29.97%
1 Month-9.55%
3 Month35.67%
6 Month-12.93%
12 Month-39.64%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.85
ATR(20)%36%
ATR Inc-73.12%
Range Today0.68
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.84
Mansfield0.55
10 Day High21.26
10 Day Low7.8
20 Day High21.26
20 Day Low7.8
52 Week High21.26
52 Week Low5.57
CS1 End7.8
CR1 StartN/A
Volume & EV
DER(3)-0.89%
DER(5)-1.24%
Volume542.50K
Volume Incr-47.71%
Vol(5)447.76K
Vol(50)529.95K