Total Bond Market Bear -1X Direxion (SAGG) Stock Technical Analysis
USA - NYSEARCA:SAGG -
28.641
-0.03 (-0.1%)
We assign a technical rating of 4 out of 10 to SAGG. Although SAGG is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
SAGG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month SAGG has a been trading in the 28.04 - 32.51 range, which is quite wide. It is currently trading near the lows of this range.
Warning: SAGG has an average volume of 1050 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 SAGG is one of the better performing stocks in the market, outperforming 86% of all stocks. We also observe that the gains produced by SAGG over the past year are nicely spread over this period.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
Volume is considerably higher in the last couple of days.
SAGG has an average technical rating and it also does not offer a high 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
27.89
30.29
We found 1 important support area.
- A support zone ranging from 28.17 to 28.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 29.17 to 29.99. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for SAGG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SAGG is down. |
| ChartMill Relative Strength | 86.11 | POSITIVE | SAGG has a high relative strength, it outperformed 86.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SAGG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SAGG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SAGG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.92 | NEUTRAL | The RSI value for SAGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests SAGG has a negative trend. |
| Stochastics (14,3) | 13.71 | OVERSOLD | The low Stochastics value suggests SAGG may be oversold. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for SAGG suggests some 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)
Total Bond Market Bear -1X Direxion
NYSEARCA:SAGG (3/27/2020, 8:30:23 PM)
28.641
-0.03 (-0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.1%
1 Week-5.23%
2 Weeks-3.71%
1 Month-0.34%
3 Month-3.05%
6 Month-3.1%
12 Month-7.13%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.83
ATR(20)%2.17%
ATR Inc-70.27%
Range Today0.09
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
CRS86.11
Mansfield1.3
10 Day High32.51
10 Day Low28.51
20 Day High32.51
20 Day Low28.04
52 Week High32.51
52 Week Low28.04
CS1 End28.23
CR1 Start29.17
Volume & EV
DER(3)0%
DER(5)-2.03%
Volume2.90K
Volume Incr394.95%
Vol(5)4.90K
Vol(50)1.05K