DIREXION DLY S&P 500 BULL 3X (SPXL) Stock Technical Analysis
NYSEARCA:SPXL - NYSE Arca - US25459W8626 - ETF - Currency: USD
We assign a technical rating of 10 out of 10 to SPXL. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SPXL is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that SPXL is one of the better performing stocks in the market, outperforming 89% of all stocks.
SPXL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month SPXL has a been trading in the 172.63 - 190.72 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
SPXL has an average volume of 3415370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SPXL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 189.22. Right above this resistance zone may be a good entry point.
More info and screens
108.37
191.12
We found 3 important support areas.
- Support @178.70 from a trend line in the daily time frame.
- A support zone ranging from 174.64 to 174.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @109.46 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 189.22 to 189.23. 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 | UP | POSITIVE | The long term trend for SPXL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPXL is up. |
| ChartMill Relative Strength | 89.03 | POSITIVE | SPXL has a high relative strength, it outperformed 89.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPXL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPXL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SPXL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.63 | NEUTRAL | The RSI value for SPXL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.14 | NEGATIVE | The MACD value suggests SPXL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.68 | NEUTRAL | The Stochastics value for SPXL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for SPXL suggests some volalility. |
| Average Directional Index/ADX (14) | 23.16 | NEUTRAL | The ADX value for SPXL 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)
183.43
-0.33 (-0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.18%
1 Week-0.2%
2 Weeks-1.58%
1 Month2.11%
3 Month36.36%
6 Month2.77%
12 Month37.56%
2 Year99.58%
3 Year150.52%
5 Year205.72%
10 Year869.38%
15 YearN/A
Volatility
ATR(14)5.01
ATR(20)%2.55%
ATR Inc22.93%
Range Today6.81
ADR(20)4.12
ADR(20)%2.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.03
Mansfield0.52
10 Day High190.72
10 Day Low172.63
20 Day High190.72
20 Day Low172.63
52 Week High190.72
52 Week Low87.08
CS1 End178.7
CR1 Start189.22
Volume & EV
DER(3)-1%
DER(5)0.37%
Volume2.43M
Volume Incr-2.65%
Vol(5)2.64M
Vol(50)3.42M