Direxion Russell 1000 Growth Over Value ETF (RWGV) Stock Technical Analysis
USA - NYSEARCA:RWGV - US25460E4483 - ETF
86.0338 USD
-1.6 (-1.83%)
Taking everything into account, RWGV scores 1 out of 10 in our technical rating. RWGV 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.
RWGV is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month RWGV has a been trading in the 85.24 - 99.08 range, which is quite wide. It is currently trading near the lows of this range.
Warning: RWGV has an average volume of 3618 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, RWGV turns out to be only a medium performer in the overall market: it outperformed 41% of all stocks.
Considerably lower volume is observed in the last couple of days.
The technical rating of RWGV is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
85.17
100.16
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 92.23 to 93.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 95.82 to 97.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 98.67 to 99.17. 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 RWGV is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RWGV is down. |
| ChartMill Relative Strength | 41.7 | NEUTRAL | RWGV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RWGV is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RWGV is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RWGV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 29.91 | OVERSOLD | The low RSI value suggests RWGV may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.67 | NEGATIVE | The MACD value suggests RWGV has a negative trend. |
| Stochastics (14,3) | 3.95 | OVERSOLD | The low Stochastics value suggests RWGV may be oversold. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for RWGV suggests some volalility. |
| Average Directional Index/ADX (14) | 26.58 | POSITIVE | The high ADX value value for RWGV suggests a strong trend. |
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)
Direxion Russell 1000 Growth Over Value ETF
NYSEARCA:RWGV (9/23/2022, 8:25:29 PM)
86.0338
-1.6 (-1.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.83%
1 Week-4.46%
2 Weeks-10.63%
1 Month-14.29%
3 Month-4.98%
6 Month-24.23%
12 Month-30.84%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.87
ATR(20)%2.24%
ATR Inc-9.26%
Range Today0.79
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
CRS41.7
Mansfield-0.69
10 Day High97.03
10 Day Low85.24
20 Day High99.08
20 Day Low85.24
52 Week High138.38
52 Week Low80.56
CS1 EndN/A
CR1 Start92.23
Volume & EV
DER(3)-16.67%
DER(5)-10%
Volume600
Volume Incr-93.43%
Vol(5)300
Vol(50)3.62K