DIREXION DLY S&P 500 BEAR 3X (SPXS) Stock Technical Analysis
NYSEARCA:SPXS - NYSE Arca - US25460E2651 - ETF - Currency: USD
Overall SPXS gets a technical rating of 0 out of 10. SPXS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
86% of all other stocks performed better in the past year than SPXS.
SPXS is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so SPXS is lagging the market.
In the last month SPXS has a been trading in the 5.28 - 6.51 range, which is quite wide. It is currently trading near the lows of this range.
SPXS has an average volume of 83882200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, SPXS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for SPXS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
5.23
9.27
We found 1 important support area.
- A support zone ranging from 5.28 to 5.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 5.44 to 5.47. 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 5.76 to 5.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.43 from a trend line in the weekly time frame.
- Resistance @9.18 from a trend 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 SPXS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SPXS is down. |
| ChartMill Relative Strength | 14.76 | NEGATIVE | SPXS has a low relative strength, it was outperformed by 85.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SPXS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SPXS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SPXS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.88 | NEUTRAL | The RSI value for SPXS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SPXS has a positive trend. |
| Stochastics (14,3) | 14.97 | OVERSOLD | The low Stochastics value suggests SPXS may be oversold. |
| Average True Range in percent/ATR (20) | 4.45 | MEDIUM VOLATILITY | The ATR as a percentage value for SPXS suggests some volalility. |
| Average Directional Index/ADX (14) | 15.51 | NEGATIVE | The low ADX value for SPXS 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)
5.43
-0.06 (-1.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.09%
1 Week-3.38%
2 Weeks-1.09%
1 Month-17.35%
3 Month-11.13%
6 Month-7.02%
12 Month-37.73%
2 Year-67.85%
3 Year-74.65%
5 Year-93.7%
10 Year-99.39%
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%4.45%
ATR Inc-25.44%
Range Today0.2
ADR(20)0.19
ADR(20)%3.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.76
Mansfield-2.3
10 Day High5.86
10 Day Low5.28
20 Day High6.51
20 Day Low5.28
52 Week High10.67
52 Week Low5.28
CS1 End5.3
CR1 Start5.44
Volume & EV
DER(3)3.91%
DER(5)3.02%
Volume81.79M
Volume Incr4.31%
Vol(5)75.97M
Vol(50)83.88M