Taking everything into account, RWCD scores 6 out of 10 in our technical rating. In the last year, RWCD was one of the better performers, but we do observe some doubts in the very recent evolution.
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.
More info and screens
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.
What is the trend direction for RWCD stock?
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.
What is the buy/sell signal for RWCD stock?
The buy/sell signal for Cyclicals Over Defensives ETF Direxion (RWCD) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for Cyclicals Over Defensives ETF Direxion (RWCD) stock?
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.