Defensives Over Cyclicals ETF Direxion (RWDC) Stock Technical Analysis
USA - NYSEARCA:RWDC -
47.0183
+0.42 (+0.91%)
We assign a technical rating of 1 out of 10 to RWDC. RWDC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
Warning: RWDC has an average volume of 237 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
When comparing the performance of all stocks over the past year, RWDC turns out to be only a medium performer in the overall market: it outperformed 40% of all stocks.
RWDC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RWDC is lagging the market.
In the last month RWDC has a been trading in a tight range between 46.60 and 48.95.
The technical rating of RWDC is bad and it also does not present a 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
46.12
51.22
We found 1 important support area.
- A support zone ranging from 46.59 to 47.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 47.04 to 49.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 50.31 to 50.71. 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 | DOWN | NEGATIVE | The long term trend for RWDC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RWDC is down. |
| ChartMill Relative Strength | 40.64 | NEUTRAL | RWDC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RWDC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RWDC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RWDC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.69 | NEUTRAL | The RSI value for RWDC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests RWDC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.1 | OVERSOLD | The low Stochastics value suggests RWDC may be oversold. |
| Average True Range in percent/ATR (20) | 1.12 | LOW VOLATILITY | The low ATR as a percentage value for RWDC suggests low 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)
Defensives Over Cyclicals ETF Direxion
NYSEARCA:RWDC (9/25/2020, 8:04:00 PM)
47.0183
+0.42 (+0.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.91%
1 Week-2.39%
2 Weeks-0.94%
1 Month-3.37%
3 Month1.47%
6 Month9.47%
12 Month-6.88%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.46
ATR(20)%1.12%
ATR Inc-60.99%
Range Today0.18
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
CRS40.64
Mansfield-1.18
10 Day High48.34
10 Day Low46.6
20 Day High48.95
20 Day Low46.6
52 Week High55
52 Week Low37.65
CS1 End47.01
CR1 Start47.04
Volume & EV
DER(3)0%
DER(5)0%
Volume800
Volume Incr-24.85%
Vol(5)240
Vol(50)237.96