Communication Services Index Bull 3X Direxion (TAWK) Stock Technical Analysis
USA - NYSEARCA:TAWK -
42.2297
+0.15 (+0.36%)
37.09
-5.14 (-12.17%)
Overall TAWK gets a technical rating of 9 out of 10. Both in the recent history as in the last year, TAWK has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: TAWK has an average volume of 11939 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
TAWK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TAWK is lagging the market slightly.
In the last month TAWK has a been trading in the 35.41 - 45.85 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that TAWK is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Although TAWK has an excellent technical rating, it does not present a decent entry opportunity 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
28.75
45.23
We found 6 important support areas.
- A support zone ranging from 39.77 to 40.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @39.13 from a trend line in the daily time frame.
- Support @38.00 from a horizontal line in the weekly time frame.
- Support @36.19 from a horizontal line in the daily time frame.
- Support @35.19 from a horizontal line in the daily time frame.
- Support @29.04 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 42.24 to 42.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @43.88 from a trend line in the daily time frame.
- Resistance @44.78 from a horizontal line 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 | UP | POSITIVE | The long term trend for TAWK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TAWK is up. |
| ChartMill Relative Strength | 81.85 | POSITIVE | TAWK has a high relative strength, it outperformed 81.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TAWK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TAWK is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TAWK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.53 | NEUTRAL | The RSI value for TAWK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.45 | POSITIVE | The MACD value suggests TAWK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.05 | NEUTRAL | The Stochastics value for TAWK is a neutral value. |
| Average True Range in percent/ATR (20) | 4.41 | MEDIUM VOLATILITY | The ATR as a percentage value for TAWK suggests some volalility. |
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)
Communication Services Index Bull 3X Direxion
NYSEARCA:TAWK (10/16/2020, 8:04:00 PM)
After market: 37.09 -5.14 (-12.17%)42.2297
+0.15 (+0.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.36%
1 Week2.38%
2 Weeks8.34%
1 Month9.86%
3 Month14.95%
6 Month82.97%
12 Month25.8%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.73
ATR(20)%4.41%
ATR Inc-7.61%
Range Today1.09
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.85
Mansfield0.87
10 Day High45.86
10 Day Low38.17
20 Day High45.86
20 Day Low35.41
52 Week High53.6
52 Week Low12.78
CS1 End40.66
CR1 Start42.24
Volume & EV
DER(3)-7.9%
DER(5)-3.76%
Volume4.30K
Volume Incr-14.83%
Vol(5)9.10K
Vol(50)11.94K