Defensives Over Cyclicals ETF Direxion (RWDC) Technical Analysis
NYSEARCA:RWDC
Current stock price
RWDC Technical Rating and Analysis
Taking everything into account, RWDC scores 1 out of 10 in our technical rating. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 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 compared to the yearly performance of all other stocks, RWDC outperforms 40% of them, which is more or less in line with the market.
- RWDC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RWDC is lagging the market slightly.
- In the last month RWDC has a been trading in a tight range between 46.60 and 48.95.
RWDC Weekly and Daily overview Charts
RWDC Setup Rating and Analysis
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.
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RWDC Support and Resistance Analysis
46.12
When analyzing the support we notice one important 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.
When analyzing the resistance we notice 2 important areas.
- 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.
RWDC Technical Indicator Signal Analysis
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. |
RWDC Chart- and CandleStick Pattern Analysis
RWDC Technicals: Chart, Performance Metrics, Trend & Indicators
Defensives Over Cyclicals ETF Direxion
NYSEARCA:RWDC (9/25/2020, 8:04:00 PM)
47.0183
+0.42 (+0.91%)
Defensives Over Cyclicals ETF Direxion / RWDC TA FAQ
Can you provide the ChartMill technical rating for Defensives Over Cyclicals ETF Direxion?
ChartMill assigns a technical rating of 1 / 10 to RWDC.
Can you provide the trend direction for Defensives Over Cyclicals ETF Direxion?
The current trend direction for Defensives Over Cyclicals ETF Direxion (RWDC) is Bearish.
Can you provide the RSI signal for Defensives Over Cyclicals ETF Direxion?
Defensives Over Cyclicals ETF Direxion (RWDC) has an RSI value of 39.6894. This indicates that the stock is currently neutral.
What is the buy/sell signal for RWDC stock?
The buy/sell signal for Defensives Over Cyclicals ETF Direxion (RWDC) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for Defensives Over Cyclicals ETF Direxion (RWDC) stock?
Defensives Over Cyclicals ETF Direxion (RWDC) has a support level at 47.01 and a resistance level at 47.04. Check the full technical report for our detailed analysis of RWDC support and resistance levels.