DIREXION DLY S&P 500 BEAR 3X (SPXS) Stock Technical Analysis
USA - NYSEARCA:SPXS - US25460E1901 - ETF
We assign a technical rating of 2 out of 10 to SPXS. Recently some decent action could be observed, but in the medium term time frame this is still negative. SPXS was also a bad performer in the overall market in the last year.
The technical rating of SPXS 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
34.35
When analyzing the support we notice one important area.
- Support @34.70 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 40.64 to 40.64. 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 | DOWN | NEGATIVE | The long term trend for SPXS is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SPXS is neutral. |
| ChartMill Relative Strength | 20.66 | NEGATIVE | SPXS has a low relative strength, it was outperformed by 79.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPXS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPXS is above the rising 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) | 65.58 | NEUTRAL | The RSI value for SPXS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.56 | POSITIVE | The MACD value suggests SPXS has a positive trend. |
| Stochastics (14,3) | 86.52 | OVERBOUGHT | The high Stochastics value suggests SPXS may be overbought. |
| Average True Range in percent/ATR (20) | 3.61 | MEDIUM VOLATILITY | The ATR as a percentage value for SPXS suggests some volalility. |
| Average Directional Index/ADX (14) | 17.45 | NEGATIVE | The low ADX value for SPXS suggests a weak or negative trend. |
40.63
+1.8 (+4.64%)
DIREXION DLY S&P 500 BEAR 3X / SPXS FAQ
What is the ChartMill technical rating of DIREXION DLY S&P 500 BEAR 3X (SPXS) stock?
ChartMill assigns a technical rating of 2 / 10 to SPXS.
Can you provide the trend direction for DIREXION DLY S&P 500 BEAR 3X?
The current trend direction for DIREXION DLY S&P 500 BEAR 3X (SPXS) is Bearish.
What is the RSI signal for DIREXION DLY S&P 500 BEAR 3X (SPXS) stock?
DIREXION DLY S&P 500 BEAR 3X (SPXS) has an RSI value of 65.5815. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for DIREXION DLY S&P 500 BEAR 3X?
DIREXION DLY S&P 500 BEAR 3X (SPXS) has a support level at 34.7 and a resistance level at 40.64. Check the full technical report for our detailed analysis of SPXS support and resistance levels.