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.
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
34.31
We found 1 important support area.
- A support zone ranging from 34.66 to 35.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 37.81 to 38.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 39.46 to 39.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 40.34 to 40.64. This zone is formed by a combination of multiple trend lines 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 | 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 | 14.01 | NEGATIVE | SPXS has a low relative strength, it was outperformed by 85.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SPXS is above 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) | 51.92 | NEUTRAL | The RSI value for SPXS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests SPXS has a positive trend. |
| Stochastics (14,3) | 80.93 | OVERBOUGHT | The high Stochastics value suggests SPXS may be overbought. |
| Average True Range in percent/ATR (20) | 3.51 | MEDIUM VOLATILITY | The ATR as a percentage value for SPXS suggests some volalility. |
| Average Directional Index/ADX (14) | 13.26 | NEGATIVE | The low ADX value for SPXS suggests a weak or negative trend. |
36.71
-0.84 (-2.24%)
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 0 / 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 51.9234. 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 35.15 and a resistance level at 37.81. Check the full technical report for our detailed analysis of SPXS support and resistance levels.