DIREXION DAILY TECH BULL 3X (TECL) Stock Technical Analysis
NYSEARCA:TECL - NYSE Arca - US25459W1027 - ETF - Currency: USD
Overall TECL gets a technical rating of 5 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. TECL was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, TECL is a bad performer in the overall market: 71% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month TECL has a been trading in the 50.26 - 76.95 range, which is quite wide. It is currently trading near the high of this range.
TECL has an average volume of 2307490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TECL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TECL is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
TECL has an average technical rating and the quality of the presented setup is also not ideal 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
39.78
97.38
2 important support areas can be observed.
- A support zone ranging from 67.38 to 68.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @40.18 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 73.21 to 73.51. 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 76.04 to 76.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @94.67 from a trend line in the daily time frame.
- Resistance @96.42 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 | NEUTRAL | NEUTRAL | The long term trend for TECL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TECL is up. |
| ChartMill Relative Strength | 29.52 | NEGATIVE | TECL has a low relative strength, it was outperformed by 70.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TECL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TECL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of TECL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.66 | NEUTRAL | The RSI value for TECL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests TECL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.34 | NEUTRAL | The Stochastics value for TECL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.29 | HIGH VOLATILITY | The high ATR as a percentage value for TECL suggests high volalility. |
| Average Directional Index/ADX (14) | 21.29 | NEUTRAL | The ADX value for TECL 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)
72.11
-0.89 (-1.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.22%
1 Week-3.61%
2 Weeks-2.41%
1 Month32.41%
3 Month-7.94%
6 Month-22.89%
12 Month-8.78%
2 Year56.32%
3 Year84.28%
5 Year270.46%
10 Year1734.86%
15 YearN/A
Volatility
ATR(14)3.79
ATR(20)%5.29%
ATR Inc-3%
Range Today2.35
ADR(20)3.08
ADR(20)%4.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.52
Mansfield-1.47
10 Day High76.95
10 Day Low66.65
20 Day High76.95
20 Day Low50.26
52 Week High112.78
52 Week Low32.52
CS1 End68.35
CR1 Start73.21
Volume & EV
DER(3)4.38%
DER(5)1.9%
Volume1.13M
Volume Incr-25.49%
Vol(5)1.43M
Vol(50)2.31M