Russell Large Over Small Cap ETF Direxion (RWLS) Technical Analysis
NYSEARCA:RWLS
Current stock price
RWLS Technical Rating and Analysis
Taking everything into account, RWLS scores 6 out of 10 in our technical rating. In the last year, RWLS was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month RWLS has a been trading in the 69.31 - 75.48 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: RWLS has an average volume of 183 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that RWLS is one of the better performing stocks in the market, outperforming 79% of all stocks.
- RWLS is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so RWLS is performing more or less in line with the market.
- Volume is considerably higher in the last couple of days.
RWLS Weekly and Daily overview Charts
RWLS Setup Rating and Analysis
RWLS has only a medium technical rating, but it does show a decent setup pattern. 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 70.72, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
RWLS Support and Resistance Analysis
68.62
When analyzing the support we notice one important area.
- A support zone ranging from 69.31 to 70.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
RWLS 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 | UP | POSITIVE | The long term trend for RWLS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RWLS is neutral. |
| ChartMill Relative Strength | 79.63 | POSITIVE | RWLS has a high relative strength, it outperformed 79.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RWLS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RWLS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RWLS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.85 | NEUTRAL | The RSI value for RWLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests RWLS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.61 | OVERSOLD | The low Stochastics value suggests RWLS may be oversold. |
| Average True Range in percent/ATR (20) | 1.52 | LOW VOLATILITY | The low ATR as a percentage value for RWLS suggests low volalility. |
RWLS Chart- and CandleStick Pattern Analysis
RWLS Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 72.41 | 69.30 | 3.11 (4.30%) | 23.28% |
| An entry @72.41. This is a Buy Stop order right above the 10 day high. | An exit @69.30. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.11 points, which is 4.30%. | When investing 23.28% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
RWLS Technicals: Chart, Performance Metrics, Trend & Indicators
Russell Large Over Small Cap ETF Direxion
NYSEARCA:RWLS (9/25/2020, 8:04:00 PM)
70.8067
+1.23 (+1.76%)
Russell Large Over Small Cap ETF Direxion / RWLS TA FAQ
What is the technical rating for RWLS stock?
ChartMill assigns a technical rating of 6 / 10 to RWLS.
What is the current trend direction of Russell Large Over Small Cap ETF Direxion (RWLS) stock?
The current trend direction for Russell Large Over Small Cap ETF Direxion (RWLS) is Bullish.
What is the RSI signal for RWLS stock?
Russell Large Over Small Cap ETF Direxion (RWLS) has an RSI value of 49.8482. This indicates that the stock is currently neutral.
What is the short term momentum for Russell Large Over Small Cap ETF Direxion (RWLS) stock?
The short term momentum for Russell Large Over Small Cap ETF Direxion (RWLS) is neutral.
What is the support and resistance level for RWLS stock?
Russell Large Over Small Cap ETF Direxion (RWLS) has a support level at 70.72. Check the full technical report for our detailed analysis of RWLS support and resistance levels.