Russell Small Over Large Cap ETF Direxion (RWSL) Stock Technical Analysis
USA - NYSEARCA:RWSL -
45.2714
+0.63 (+1.41%)
We assign a technical rating of 3 out of 10 to RWSL. RWSL has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
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 short term trend is negative, the long term trend is neutral. Not much exciting going on here.
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 currently trading near new highs, so RWSL is lagging the market.
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
44.19
56.29
We found 1 important support 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.
When analyzing the resistance we notice 3 important areas.
- 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.
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. |
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)
Russell Small Over Large Cap ETF Direxion
NYSEARCA:RWSL (9/25/2020, 8:04:00 PM)
45.2714
+0.63 (+1.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.41%
1 Week-5.65%
2 Weeks-3.11%
1 Month-7.12%
3 Month5.77%
6 Month28.84%
12 Month-10.64%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.6
ATR(20)%1.25%
ATR Inc-50.37%
Range Today0.4
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
CRS41.33
Mansfield-0.98
10 Day High48.29
10 Day Low44.64
20 Day High48.83
20 Day Low44.64
52 Week High56.53
52 Week Low29.58
CS1 End45.26
CR1 Start46.43
Volume & EV
DER(3)0%
DER(5)0%
Volume2.10K
Volume Incr-40.01%
Vol(5)500
Vol(50)433.4