Russell Small Over Large Cap ETF Direxion (RWSL) Technical Analysis
NYSEARCA:RWSL
Current stock price
RWSL Technical Rating and Analysis
Overall RWSL gets a technical rating of 3 out of 10. In the last year, RWSL was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- In the last month RWSL has a been trading in the 44.64 - 48.83 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: RWSL has an average volume of 433 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When compared to the yearly performance of all other stocks, RWSL outperforms 41% of them, which is more or less in line with the market.
- RWSL 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 RWSL is lagging the market slightly.
RWSL Weekly and Daily overview Charts
RWSL Setup Rating and Analysis
The technical rating of RWSL 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
RWSL Support and Resistance Analysis
44.19
When analyzing the support we notice one important area.
- A support zone ranging from 44.64 to 45.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 46.43 to 47.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 48.23 to 50.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @55.73 from a horizontal line in the weekly time frame.
RWSL 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 | NEUTRAL | NEUTRAL | The long term trend for RWSL is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RWSL is down. |
| ChartMill Relative Strength | 41.33 | NEUTRAL | RWSL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RWSL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RWSL is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RWSL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.85 | NEUTRAL | The RSI value for RWSL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests RWSL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.73 | OVERSOLD | The low Stochastics value suggests RWSL may be oversold. |
| Average True Range in percent/ATR (20) | 1.25 | LOW VOLATILITY | The low ATR as a percentage value for RWSL suggests low volalility. |
RWSL Chart- and CandleStick Pattern Analysis
RWSL Technicals: Chart, Performance Metrics, Trend & Indicators
Russell Small Over Large Cap ETF Direxion
NYSEARCA:RWSL (9/25/2020, 8:04:00 PM)
45.2714
+0.63 (+1.41%)
Russell Small Over Large Cap ETF Direxion / RWSL TA FAQ
What is the ChartMill technical rating of Russell Small Over Large Cap ETF Direxion (RWSL) stock?
ChartMill assigns a technical rating of 3 / 10 to RWSL.
What is the trend direction for RWSL stock?
The current trend direction for Russell Small Over Large Cap ETF Direxion (RWSL) is Bearish.
Can you provide the RSI signal for Russell Small Over Large Cap ETF Direxion?
Russell Small Over Large Cap ETF Direxion (RWSL) has an RSI value of 38.8518. This indicates that the stock is currently neutral.
What is the MACD signal for Russell Small Over Large Cap ETF Direxion (RWSL) stock?
The MACD indicator for Russell Small Over Large Cap ETF Direxion (RWSL) has a value of -0.361521, indicating a bearish trend.