DIREXION DLY S&P 500 BEAR 3X (SPXS) Stock Technical Analysis
NYSEARCA:SPXS - US25460E2651 - ETF
4.21 USD
+0.08 (+1.94%)
4.22 USD
+0.01 (+0.24%)
Taking everything into account, SPXS scores 0 out of 10 in our technical rating. 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, SPXS is a bad performer in the overall market: 94% of all stocks are doing better.
SPXS is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month SPXS has a been trading in the 4.12 - 4.59 range, which is quite wide. It is currently trading near the lows of this range.
SPXS has an average volume of 49580700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, SPXS does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
4.08
7.02
We found 1 important support area.
- A support zone ranging from 4.12 to 4.18. 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 4.24 to 4.29. 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 4.67 to 4.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.95 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 | 6.3 | NEGATIVE | SPXS has a low relative strength, it was outperformed by 93.7% 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) | 42.15 | NEUTRAL | The RSI value for SPXS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SPXS has a positive trend. |
| Stochastics (14,3) | 11.25 | OVERSOLD | The low Stochastics value suggests SPXS may be oversold. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for SPXS suggests some volalility. |
| Average Directional Index/ADX (14) | 21.21 | NEUTRAL | The ADX value for SPXS suggests a possible start of a new 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)
4.21
+0.08 (+1.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.94%
1 Week0.48%
2 Weeks-0.47%
1 Month-9.66%
3 Month-22.75%
6 Month-31.1%
12 Month-40.87%
2 Year-69.13%
3 Year-81.35%
5 Year-92.06%
10 Year-99.59%
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%2.64%
ATR Inc-0.71%
Range Today0.09
ADR(20)0.1
ADR(20)%2.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.3
Mansfield-3.64
10 Day High4.45
10 Day Low4.12
20 Day High4.59
20 Day Low4.12
52 Week High10.67
52 Week Low4.12
CS1 End4.18
CR1 Start4.24
Volume & EV
DER(3)0.99%
DER(5)0.58%
Volume42.17M
Volume Incr-46.35%
Vol(5)31.62M
Vol(50)49.58M