DIREXION DL TECH BR3X ETF-UI (TECS) Technical Analysis
NYSEARCA:TECS • US25461A4940
Current stock price
TECS Technical Rating and Analysis
Taking everything into account, TECS scores 0 out of 10 in our technical rating. TECS'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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, TECS is a bad performer in the overall market: 96% of all stocks are doing better.
- TECS is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month TECS has a been trading in the 12.10 - 24.04 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- TECS has an average volume of 3862610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TECS Weekly and Daily overview Charts
TECS Setup Rating and Analysis
The technical rating of TECS is bad and it also does not present a quality setup 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
TECS Support and Resistance Analysis
11.99
We can see 2 important resistance areas.
- A resistance zone ranging from 17.17 to 17.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @23.43 from a trend line in the daily time frame.
TECS Technical Indicator Signal Analysis
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 TECS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TECS is down. |
| ChartMill Relative Strength | 4.14 | NEGATIVE | TECS has a low relative strength, it was outperformed by 95.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TECS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TECS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TECS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 24.82 | OVERSOLD | The low RSI value suggests TECS may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.61 | NEGATIVE | The MACD value suggests TECS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 1.65 | OVERSOLD | The low Stochastics value suggests TECS may be oversold. |
| Average True Range in percent/ATR (20) | 10.27 | HIGH VOLATILITY | The high ATR as a percentage value for TECS suggests high volalility. |
| Average Directional Index/ADX (14) | 23.49 | NEUTRAL | The ADX value for TECS suggests a possible start of a new trend. |
TECS Chart- and CandleStick Pattern Analysis
TECS Technicals: Chart, Performance Metrics, Trend & Indicators
12.11
-0.87 (-6.7%)
DIREXION DL TECH BR3X ETF-UI / TECS TA FAQ
What is the technical rating for TECS stock?
ChartMill assigns a technical rating of 0 / 10 to TECS.
What is the trend direction for TECS stock?
The current trend direction for DIREXION DL TECH BR3X ETF-UI (TECS) is Bearish.
What is the RSI signal for TECS stock?
DIREXION DL TECH BR3X ETF-UI (TECS) has an RSI value of 24.8184. This indicates that the stock is currently oversold.
What is the MACD signal for DIREXION DL TECH BR3X ETF-UI (TECS) stock?
The MACD indicator for DIREXION DL TECH BR3X ETF-UI (TECS) has a value of -0.608317, indicating a bearish trend.
What are the support and resistance levels for DIREXION DL TECH BR3X ETF-UI (TECS) stock?
DIREXION DL TECH BR3X ETF-UI (TECS) has a resistance level at 17.17. Check the full technical report for our detailed analysis of TECS support and resistance levels.