DIREXION RUSSELL V/G (RWVG) Stock Technical Analysis
USA - NYSEARCA:RWVG - US25460E4558 - ETF
53.0847 USD
-1.34 (-2.46%)
Taking everything into account, RWVG scores 1 out of 10 in our technical rating. RWVG 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
RWVG is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month RWVG has a been trading in the 52.65 - 59.22 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Warning: RWVG has an average volume of 4182 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
When comparing the yearly performance of all stocks, we notice that RWVG is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Considerably lower volume is observed in the last couple of days.
The technical rating of RWVG 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
52.55
62.81
3 important resistance areas can be observed.
- A resistance zone ranging from 56.02 to 57.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 58.31 to 60.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 61.67 to 62.19. 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 RWVG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RWVG is down. |
| ChartMill Relative Strength | 71.38 | POSITIVE | RWVG has a high relative strength, it outperformed 71.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RWVG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RWVG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RWVG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 27.91 | OVERSOLD | The low RSI value suggests RWVG may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests RWVG has a negative trend. |
| Stochastics (14,3) | 2.21 | OVERSOLD | The low Stochastics value suggests RWVG may be oversold. |
| Average True Range in percent/ATR (20) | 1.56 | LOW VOLATILITY | The low ATR as a percentage value for RWVG suggests low volalility. |
| Average Directional Index/ADX (14) | 20.6 | NEUTRAL | The ADX value for RWVG suggests a possible start of a new 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)
NYSEARCA:RWVG (9/23/2022, 8:25:31 PM)
53.0847
-1.34 (-2.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.46%
1 Week-6.08%
2 Weeks-8.36%
1 Month-10.41%
3 Month-5.96%
6 Month-14.64%
12 Month-6.95%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.87
ATR(20)%1.56%
ATR Inc46.8%
Range Today0.76
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
CRS71.38
Mansfield0.45
10 Day High59.22
10 Day Low52.65
20 Day High59.22
20 Day Low52.65
52 Week High64.51
52 Week Low52.65
CS1 EndN/A
CR1 Start56.02
Volume & EV
DER(3)20.07%
DER(5)12.04%
Volume2.70K
Volume Incr-14.62%
Vol(5)1.84K
Vol(50)4.18K