DIREXION DAILY TECH BULL 3X (TECL) Stock Technical Analysis
NYSEARCA:TECL - NYSE Arca - US25459W1027 - ETF - Currency: USD
Taking everything into account, TECL scores 7 out of 10 in our technical rating. In the last year, TECL was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month TECL has a been trading in the 66.65 - 83.69 range, which is quite wide. It is currently trading near the high of this range.
TECL has an average volume of 1892100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, TECL outperforms 50% of them, which is more or less in line with the market.
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.
Besides having an excellent technical rating, TECL also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
39.78
96.73
When analyzing the support we can see 2 important areas.
- A support zone ranging from 68.35 to 68.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @40.18 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 80.25 to 80.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 82.44 to 83.01. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @93.60 from a trend line in the daily time frame.
- Resistance @95.77 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 | UP | POSITIVE | The long term trend for TECL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TECL is up. |
| ChartMill Relative Strength | 50.07 | NEUTRAL | TECL is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of TECL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.28 | NEUTRAL | The RSI value for TECL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests TECL has a negative trend. |
| Stochastics (14,3) | 80.5 | OVERBOUGHT | The high Stochastics value suggests TECL may be overbought. |
| Average True Range in percent/ATR (20) | 4.23 | MEDIUM VOLATILITY | The ATR as a percentage value for TECL suggests some volalility. |
| Average Directional Index/ADX (14) | 26.12 | POSITIVE | The high ADX value value for TECL suggests a strong 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)
80.24
-1.24 (-1.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.52%
1 Week-2.96%
2 Weeks5%
1 Month13.64%
3 Month22.69%
6 Month-15.55%
12 Month-19.57%
2 Year48.54%
3 Year185.86%
5 Year244.54%
10 Year2227.82%
15 YearN/A
Volatility
ATR(14)3.28
ATR(20)%4.23%
ATR Inc-2.73%
Range Today3.93
ADR(20)2.96
ADR(20)%3.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.07
Mansfield-0.45
10 Day High83.69
10 Day Low77.96
20 Day High83.69
20 Day Low66.65
52 Week High112.78
52 Week Low32.52
CS1 End68.35
CR1 Start80.25
Volume & EV
DER(3)-4.09%
DER(5)-1.13%
Volume1.25M
Volume Incr-0.06%
Vol(5)1.39M
Vol(50)1.89M