DIR DLY SP 500 BR 1X ETF-USI (SPDN) Technical Analysis
NYSEARCA:SPDN • US25460E8690
Current stock price
SPDN Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to SPDN. Although SPDN is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- When comparing the yearly performance of all stocks, SPDN is a bad performer in the overall market: 77% of all stocks are doing better.
- SPDN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SPDN is lagging the market.
- The long and short term trends are both positive. This is looking good!
- SPDN has an average volume of 72595400 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 the 9.51 - 10.28 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
SPDN Weekly and Daily overview Charts
SPDN Setup Rating and Analysis
SPDN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
SPDN Support and Resistance Analysis
9.17
When analyzing the support we notice one important area.
- A support zone ranging from 9.26 to 9.36. 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 9.86 to 10.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
SPDN Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for SPDN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPDN is up. |
| ChartMill Relative Strength | 23.88 | NEGATIVE | SPDN has a low relative strength, it was outperformed by 76.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SPDN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPDN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SPDN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.93 | NEUTRAL | The RSI value for SPDN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SPDN has a negative trend. |
| Stochastics (14,3) | 31.75 | NEUTRAL | The Stochastics value for SPDN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.64 | LOW VOLATILITY | The low ATR as a percentage value for SPDN suggests low volalility. |
| Average Directional Index/ADX (14) | 38.58 | POSITIVE | The high ADX value value for SPDN suggests a strong trend. |
SPDN Chart- and CandleStick Pattern Analysis
SPDN Technicals: Chart, Performance Metrics, Trend & Indicators
9.82
-0.05 (-0.51%)
DIR DLY SP 500 BR 1X ETF-USI / SPDN TA FAQ
What is the ChartMill technical rating of DIR DLY SP 500 BR 1X ETF-USI (SPDN) stock?
ChartMill assigns a technical rating of 7 / 10 to SPDN.
What is the trend direction for SPDN stock?
The current trend direction for DIR DLY SP 500 BR 1X ETF-USI (SPDN) is Bullish.
What is the RSI signal for SPDN stock?
DIR DLY SP 500 BR 1X ETF-USI (SPDN) has an RSI value of 50.933. This indicates that the stock is currently neutral.
Can you provide the short term momentum for DIR DLY SP 500 BR 1X ETF-USI?
The short term momentum for DIR DLY SP 500 BR 1X ETF-USI (SPDN) is positive.
Can you provide the buy/sell signal for DIR DLY SP 500 BR 1X ETF-USI?
The buy/sell signal for DIR DLY SP 500 BR 1X ETF-USI (SPDN) is buy as both the short term and long term trends are positive.