DIREXION DAILY TECH BEAR 3X (TECS) Stock Technical Analysis
NYSEARCA:TECS - NYSE Arca - US25461A4940 - ETF - Currency: USD
Taking everything into account, TECS scores 0 out of 10 in our technical rating. TECS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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: 93% of all stocks are doing better.
TECS is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so TECS is lagging the market.
In the last month TECS has a been trading in the 33.37 - 46.77 range, which is quite wide. It is currently trading near the lows of this range.
TECS has an average volume of 1097670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TECS has a poor technical rating and the quality of the setup is also only medium 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
35.15
38.21
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 37.47 to 37.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 7.44 | NEGATIVE | TECS has a low relative strength, it was outperformed by 92.56% 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) | 36.58 | NEUTRAL | The RSI value for TECS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.68 | POSITIVE | The MACD value suggests TECS has a positive trend. |
| Stochastics (14,3) | 24.72 | NEUTRAL | The Stochastics value for TECS is a neutral value. |
| Average True Range in percent/ATR (20) | 5.98 | HIGH VOLATILITY | The high ATR as a percentage value for TECS suggests high volalility. |
| Average Directional Index/ADX (14) | 18.34 | NEGATIVE | The low ADX value for TECS suggests a weak or negative 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)
35.5
+0.37 (+1.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.05%
1 Week-2.42%
2 Weeks4.47%
1 Month-22.67%
3 Month-29.8%
6 Month-25.75%
12 Month-52.48%
2 Year-78.55%
3 Year-91.07%
5 Year-98.67%
10 Year-99.9%
15 YearN/A
Volatility
ATR(14)2.05
ATR(20)%5.98%
ATR Inc-1.65%
Range Today1.89
ADR(20)1.72
ADR(20)%4.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.44
Mansfield-3.63
10 Day High38.36
10 Day Low33.62
20 Day High46.77
20 Day Low33.37
52 Week High101.82
52 Week Low33.37
CS1 EndN/A
CR1 Start37.47
Volume & EV
DER(3)4.11%
DER(5)1.27%
Volume1.01M
Volume Incr-7.1%
Vol(5)921.78K
Vol(50)1.10M