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.
When comparing the yearly performance of all stocks, SPDN is a bad performer in the overall market: 82% of all stocks are doing better.
SPDN 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 SPDN has a been trading in the 10.32 - 11.02 range, which is quite wide. It is currently trading near the lows of this range.
SPDN has an average volume of 10491700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of SPDN 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
10.24
13.05
3 important resistance areas can be observed.
- A resistance zone ranging from 10.61 to 11.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @12.31 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 | 18.53 | NEGATIVE | SPDN has a low relative strength, it was outperformed by 81.47% 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) | 29.6 | OVERSOLD | The low RSI value suggests SPDN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SPDN has a negative trend. |
| Stochastics (14,3) | 3.8 | OVERSOLD | The low Stochastics value suggests SPDN may be oversold. |
| Average True Range in percent/ATR (20) | 1.13 | LOW VOLATILITY | The low ATR as a percentage value for SPDN suggests low volalility. |
| Average Directional Index/ADX (14) | 15.2 | NEGATIVE | The low ADX value for SPDN suggests a weak or negative 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)
10.34
-0.05 (-0.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.48%
1 Week-4.52%
2 Weeks-3.09%
1 Month-4.96%
3 Month-11.24%
6 Month-4.52%
12 Month-12.15%
2 Year-27.54%
3 Year-39.32%
5 Year-54.75%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%1.13%
ATR Inc-20.16%
Range Today0.1
ADR(20)0.1
ADR(20)%0.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.53
Mansfield-1.43
10 Day High10.88
10 Day Low10.32
20 Day High11.02
20 Day Low10.32
52 Week High13.36
52 Week Low10.32
CS1 EndN/A
CR1 Start10.61
Volume & EV
DER(3)5.73%
DER(5)3.64%
Volume6.73M
Volume Incr-44.9%
Vol(5)7.05M
Vol(50)10.49M