Cyclicals Over Defensives ETF Direxion (RWCD) Stock Technical Analysis
NYSEARCA:RWCD
Taking everything into account, RWCD scores 6 out of 10 in our technical rating. 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.
- In the last month RWCD has a been trading in the 74.36 - 85.69 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: RWCD has an average volume of 1253 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Looking at the yearly performance, RWCD did better than 83% of all other stocks.
- RWCD 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 RWCD is lagging the market slightly.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- Volume is considerably higher in the last couple of days.
RWCD has only a medium technical rating, but it does show 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 76.60, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RWCD in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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74.29
When analyzing the support we notice one important area.
- A support zone ranging from 75.04 to 76.60. This zone is formed by a combination of multiple trend lines and important moving averages 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 RWCD is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RWCD is down. |
| ChartMill Relative Strength | 83.72 | POSITIVE | RWCD has a high relative strength, it outperformed 83.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RWCD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RWCD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RWCD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.61 | NEUTRAL | The RSI value for RWCD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.64 | NEGATIVE | The MACD value suggests RWCD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.51 | NEUTRAL | The Stochastics value for RWCD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.41 | MEDIUM VOLATILITY | The ATR as a percentage value for RWCD suggests some volalility. |
Cyclicals Over Defensives ETF Direxion
NYSEARCA:RWCD (9/25/2020, 8:04:00 PM)
77.0988
+1.67 (+2.21%)
Cyclicals Over Defensives ETF Direxion / RWCD FAQ
What is the technical rating for RWCD stock?
ChartMill assigns a technical rating of 5 / 10 to RWCD.
Can you provide the trend direction for Cyclicals Over Defensives ETF Direxion?
The current trend direction for Cyclicals Over Defensives ETF Direxion (RWCD) is Bullish.
Can you provide the RSI signal for Cyclicals Over Defensives ETF Direxion?
Cyclicals Over Defensives ETF Direxion (RWCD) has an RSI value of 48.6121. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Cyclicals Over Defensives ETF Direxion?
The MACD indicator for Cyclicals Over Defensives ETF Direxion (RWCD) has a value of -0.638761, indicating a bearish trend.
Can you provide the support and resistance levels for Cyclicals Over Defensives ETF Direxion?
Cyclicals Over Defensives ETF Direxion (RWCD) has a support level at 76.6. Check the full technical report for our detailed analysis of RWCD support and resistance levels.