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 6 out of 10 to SPXL. In the past year, SPXL was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month SPXL has a been trading in the 119.19 - 157.19 range, which is quite wide. It is currently trading near the high of this range.
SPXL has an average volume of 6731340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, SPXL outperforms 52% of them, which is more or less in line with the market.
SPXL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SPXL is lagging the market slightly.
SPXL has an average technical rating and also the quality of the setup is only medium 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
103.99
191.11
When analyzing the support we can see 2 important areas.
- A support zone ranging from 142.92 to 144.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @105.04 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 151.41 to 153.58. 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 156.26 to 156.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @189.22 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for SPXL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPXL is up. |
| ChartMill Relative Strength | 52.59 | NEUTRAL | SPXL is not amongst the best or worst performers 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 | MIXED | The current price of SPXL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.14 | NEUTRAL | The RSI value for SPXL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests SPXL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.21 | NEUTRAL | The Stochastics value for SPXL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.95 | MEDIUM VOLATILITY | The ATR as a percentage value for SPXL suggests some volalility. |
| Average Directional Index/ADX (14) | 18.79 | NEGATIVE | The low ADX value for SPXL 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)
NYSEARCA:SPXL (5/28/2025, 8:04:00 PM)
After market: 156.97 +6.79 (+4.52%)150.18
-2.84 (-1.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.86%
1 Week-3.07%
2 Weeks-0.31%
1 Month17.32%
3 Month-12.11%
6 Month-18.69%
12 Month12.66%
2 Year98.05%
3 Year71.73%
5 Year270.54%
10 Year540.02%
15 YearN/A
Volatility
ATR(14)5.77
ATR(20)%3.95%
ATR Inc21.74%
Range Today4.49
ADR(20)4.91
ADR(20)%3.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.59
Mansfield-0.65
10 Day High157.19
10 Day Low141.38
20 Day High157.19
20 Day Low119.19
52 Week High190.34
52 Week Low87.08
CS1 End144.14
CR1 Start151.41
Volume & EV
DER(3)-0.4%
DER(5)0.58%
Volume9.11M
Volume Incr30.17%
Vol(5)6.41M
Vol(50)6.73M