DIREXION DLY S&P 500 BEAR 1X (SPDN) Stock Technical Analysis
NYSEARCA:SPDN - NYSE Arca - US25460E8690 - ETF - Currency: USD
We assign a technical rating of 0 out of 10 to SPDN. SPDN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
85% of all other stocks performed better in the past year than SPDN.
SPDN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
SPDN has an average volume of 8567890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month SPDN has a been trading in a tight range between 9.94 and 10.35.
Although the technical rating is bad, SPDN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 9.98, a Stop Loss order could be placed below this zone.
More info and screens
9.83
13.05
We found 1 important support area.
- A support zone ranging from 9.93 to 9.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 10.05 to 10.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 10.30 to 10.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.72 from a horizontal line in the daily time frame.
- Resistance @11.14 from a horizontal line in the daily time frame.
- Resistance @12.01 from a trend line in the weekly time frame.
- Resistance @12.92 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 | DOWN | NEGATIVE | The long term trend for SPDN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SPDN is down. |
| ChartMill Relative Strength | 15.62 | NEGATIVE | SPDN has a low relative strength, it was outperformed by 84.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SPDN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SPDN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SPDN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.62 | NEUTRAL | The RSI value for SPDN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SPDN has a positive trend. |
| Stochastics (14,3) | 10.57 | OVERSOLD | The low Stochastics value suggests SPDN may be oversold. |
| Average True Range in percent/ATR (20) | 0.88 | LOW VOLATILITY | The low ATR as a percentage value for SPDN suggests low volalility. |
| Average Directional Index/ADX (14) | 25.43 | POSITIVE | The high ADX value value for SPDN suggests a strong 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)
9.99
-0.01 (-0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.1%
1 Week-1.09%
2 Weeks-1.67%
1 Month-1.77%
3 Month-10%
6 Month-8.01%
12 Month-13.28%
2 Year-29.85%
3 Year-38.56%
5 Year-50.25%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%0.88%
ATR Inc-50.76%
Range Today0.03
ADR(20)0.08
ADR(20)%0.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.62
Mansfield-1.74
10 Day High10.23
10 Day Low9.94
20 Day High10.35
20 Day Low9.94
52 Week High13.36
52 Week Low9.94
CS1 End9.98
CR1 Start10.05
Volume & EV
DER(3)-6.31%
DER(5)-4.6%
Volume4.98M
Volume Incr-28.3%
Vol(5)6.19M
Vol(50)8.57M