DIREXION DLY S&P 500 BEAR 3X (SPXS) Stock Technical Analysis
NYSEARCA:SPXS - NYSE Arca - US25460E2651 - ETF - Currency: USD
Taking everything into account, SPXS scores 0 out of 10 in our technical rating. SPXS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
96% 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. 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 4.28 - 4.72 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
SPXS has an average volume of 56505900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
SPXS has a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately.
More info and screens
4.28
7.36
2 important support areas can be observed.
- Support @4.40 from a trend line in the daily time frame.
- A support zone ranging from 4.32 to 4.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @4.57 from a trend line in the daily time frame.
- A resistance zone ranging from 4.67 to 4.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.29 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 | 4.98 | NEGATIVE | SPXS has a low relative strength, it was outperformed by 95.02% 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) | 42.05 | NEUTRAL | The RSI value for SPXS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests SPXS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 41.67 | NEUTRAL | The Stochastics value for SPXS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.68 | MEDIUM VOLATILITY | The ATR as a percentage value for SPXS suggests some volalility. |
| Average Directional Index/ADX (14) | 23 | 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)
4.44
+0.01 (+0.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.23%
1 Week-0.22%
2 Weeks1.37%
1 Month-1.99%
3 Month-28.73%
6 Month-24.49%
12 Month-46.89%
2 Year-67.45%
3 Year-80.33%
5 Year-91.62%
10 Year-99.57%
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%2.68%
ATR Inc25.31%
Range Today0.17
ADR(20)0.11
ADR(20)%2.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.98
Mansfield-3.4
10 Day High4.72
10 Day Low4.28
20 Day High4.72
20 Day Low4.28
52 Week High10.67
52 Week Low4.28
CS1 End4.4
CR1 Start4.57
Volume & EV
DER(3)-1%
DER(5)-3.34%
Volume88.37M
Volume Incr74.26%
Vol(5)82.66M
Vol(50)56.51M