Cyclicals Over Defensives ETF Direxion (RWCD) Stock Technical Analysis
USA - NYSEARCA:RWCD -
Overall RWCD gets a technical rating of 6 out of 10. 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.
Although the technical rating is only medium, RWCD 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. 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
We found 1 important support 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%)