Taking everything into account, TNA scores 7 out of 10 in our technical rating. In the last year, TNA was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although TNA has an excellent technical rating, it does not offer a high 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
36.75
When analyzing the support we can see 4 important areas.
- A support zone ranging from 47.71 to 48.12. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 45.12 to 45.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @38.30 from a trend line in the daily time frame.
- Support @37.12 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @48.65 from a horizontal line in the weekly time frame.
- Resistance @49.57 from a horizontal line 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 | NEUTRAL | NEUTRAL | The long term trend for TNA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TNA is up. |
| ChartMill Relative Strength | 50.68 | NEUTRAL | TNA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TNA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TNA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TNA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.04 | NEUTRAL | The RSI value for TNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.84 | POSITIVE | The MACD value suggests TNA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.24 | OVERBOUGHT | The high Stochastics value suggests TNA may be overbought. |
| Average True Range in percent/ATR (20) | 5.1 | HIGH VOLATILITY | The high ATR as a percentage value for TNA suggests high volalility. |
| Average Directional Index/ADX (14) | 16.69 | NEGATIVE | The low ADX value for TNA suggests a weak or negative trend. |
48.13
-0.64 (-1.31%)
DIREXION DLY SM CAP BULL 3X / TNA FAQ
What is the technical rating for TNA stock?
ChartMill assigns a technical rating of 7 / 10 to TNA.
Can you provide the trend direction for DIREXION DLY SM CAP BULL 3X?
The current trend direction for DIREXION DLY SM CAP BULL 3X (TNA) is Bearish.
Can you provide the RSI signal for DIREXION DLY SM CAP BULL 3X?
DIREXION DLY SM CAP BULL 3X (TNA) has an RSI value of 59.0424. This indicates that the stock is currently neutral.
What are the support and resistance levels for DIREXION DLY SM CAP BULL 3X (TNA) stock?
DIREXION DLY SM CAP BULL 3X (TNA) has a support level at 48.12 and a resistance level at 48.65. Check the full technical report for our detailed analysis of TNA support and resistance levels.