DIREXION DAILY S&P 500 BULL (SPXL) Technical Analysis
NYSEARCA:SPXL • US25459W8626
Current stock price
SPXL Technical Rating and Analysis
Overall SPXL gets a technical rating of 2 out of 10. Although SPXL is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- SPXL has an average volume of 3522260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, SPXL did better than 85% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- 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.
- In the last month SPXL has a been trading in the 168.04 - 216.21 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SPXL Weekly and Daily overview Charts
SPXL Setup Rating and Analysis
The technical rating of SPXL 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
SPXL Support and Resistance Analysis
168.49
We found 1 important support area.
- A support zone ranging from 170.19 to 174.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 189.61 to 189.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @220.03 from a trend line in the daily time frame.
- Strong resistance @229.90 from a horizontal line in the daily time frame.
SPXL 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 | DOWN | NEGATIVE | The long term trend for SPXL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SPXL is down. |
| ChartMill Relative Strength | 85.33 | POSITIVE | SPXL has a high relative strength, it outperformed 85.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SPXL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SPXL is below a declining 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) | 44.44 | NEUTRAL | The RSI value for SPXL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests SPXL has a positive trend. |
| Stochastics (14,3) | 50.71 | NEUTRAL | The Stochastics value for SPXL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.03 | HIGH VOLATILITY | The high ATR as a percentage value for SPXL suggests high volalility. |
| Average Directional Index/ADX (14) | 41.15 | POSITIVE | The high ADX value value for SPXL suggests a strong trend. |
SPXL Chart- and CandleStick Pattern Analysis
SPXL Technicals: Chart, Performance Metrics, Trend & Indicators
189.6
+0.46 (+0.24%)
DIREXION DAILY S&P 500 BULL / SPXL TA FAQ
What is the technical rating for SPXL stock?
ChartMill assigns a technical rating of 2 / 10 to SPXL.
What is the current trend direction of DIREXION DAILY S&P 500 BULL (SPXL) stock?
The current trend direction for DIREXION DAILY S&P 500 BULL (SPXL) is Bearish.
What is the RSI signal for SPXL stock?
DIREXION DAILY S&P 500 BULL (SPXL) has an RSI value of 44.4374. This indicates that the stock is currently neutral.
Can you provide the short term momentum for DIREXION DAILY S&P 500 BULL?
The short term momentum for DIREXION DAILY S&P 500 BULL (SPXL) is negative.
What is the buy/sell signal for SPXL stock?
The buy/sell signal for DIREXION DAILY S&P 500 BULL (SPXL) is sell as both the short term and long term trends are negative.