Taking everything into account, TECS scores 1 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.
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
17.09
We can see 2 important resistance areas.
- A resistance zone ranging from 17.27 to 17.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 18.09 to 18.39. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 5.61 | NEGATIVE | TECS has a low relative strength, it was outperformed by 94.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TECS is below the rising 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) | 43.73 | NEUTRAL | The RSI value for TECS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests TECS has a negative trend. |
| Stochastics (14,3) | 16.1 | OVERSOLD | The low Stochastics value suggests TECS may be oversold. |
| Average True Range in percent/ATR (20) | 7.62 | HIGH VOLATILITY | The high ATR as a percentage value for TECS suggests high volalility. |
| Average Directional Index/ADX (14) | 21.64 | NEUTRAL | The ADX value for TECS suggests a possible start of a new trend. |
17.26
-0.15 (-0.86%)
DIREXION DAILY TECH BEAR 3X / TECS FAQ
What is the technical rating for TECS stock?
ChartMill assigns a technical rating of 1 / 10 to TECS.
Can you provide the trend direction for DIREXION DAILY TECH BEAR 3X?
The current trend direction for DIREXION DAILY TECH BEAR 3X (TECS) is Bearish.
Can you provide the RSI signal for DIREXION DAILY TECH BEAR 3X?
DIREXION DAILY TECH BEAR 3X (TECS) has an RSI value of 43.7287. This indicates that the stock is currently neutral.
What is the MACD signal for DIREXION DAILY TECH BEAR 3X (TECS) stock?
The MACD indicator for DIREXION DAILY TECH BEAR 3X (TECS) has a value of -0.128696, indicating a bearish trend.
Can you provide the short term momentum for DIREXION DAILY TECH BEAR 3X?
The short term momentum for DIREXION DAILY TECH BEAR 3X (TECS) is negative.