Developed Over Emerging Markets ETF Direxion (RWDE) Stock Technical Analysis
USA - NYSEARCA:RWDE -
51.6804
+0.26 (+0.51%)
We assign a technical rating of 4 out of 10 to RWDE. In the last year, RWDE was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Warning: RWDE has an average volume of 448 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When compared to the yearly performance of all other stocks, RWDE outperforms 43% of them, which is more or less in line with the market.
RWDE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RWDE is lagging the market.
In the last month RWDE has a been trading in a tight range between 51.37 and 53.68.
Considerably lower volume is observed in the last couple of days.
RWDE has an average technical rating and it also does not offer a high 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
48.79
59.37
We found 1 important support area.
- A support zone ranging from 49.28 to 49.81. 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 51.75 to 54.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @58.78 from a horizontal line in the weekly time frame.
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 RWDE is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RWDE is down. |
| ChartMill Relative Strength | 43.42 | NEUTRAL | RWDE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RWDE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RWDE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RWDE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.57 | NEUTRAL | The RSI value for RWDE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests RWDE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.41 | OVERSOLD | The low Stochastics value suggests RWDE may be oversold. |
| Average True Range in percent/ATR (20) | 0.95 | LOW VOLATILITY | The low ATR as a percentage value for RWDE 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)
Developed Over Emerging Markets ETF Direxion
NYSEARCA:RWDE (9/25/2020, 8:04:00 PM)
51.6804
+0.26 (+0.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.51%
1 Week-2.93%
2 Weeks-1.61%
1 Month-2.57%
3 Month3.1%
6 Month17.05%
12 Month-6.35%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.43
ATR(20)%0.95%
ATR Inc-73.9%
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
CRS43.42
Mansfield-0.74
10 Day High53.58
10 Day Low51.37
20 Day High53.68
20 Day Low51.37
52 Week High59.5
52 Week Low38
CS1 End49.81
CR1 Start51.75
Volume & EV
DER(3)0%
DER(5)0%
Volume400
Volume Incr-80.88%
Vol(5)160
Vol(50)448.8