We assign a technical rating of 7 out of 10 to TNA. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TNA is only an average performer.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- TNA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TNA is lagging the market slightly.
- TNA has an average volume of 10400200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that TNA is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- In the last month TNA has a been trading in the 45.30 - 60.44 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although TNA has an excellent technical rating, the quality of the presented setup is not ideal 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
5 important support areas can be observed.
- A support zone ranging from 51.37 to 51.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @46.91 from a horizontal line in the weekly time frame.
- A support zone ranging from 45.53 to 45.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @40.55 from a trend line in the daily time frame.
- Support @37.12 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @56.83 from a horizontal 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 TNA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TNA is neutral. |
| ChartMill Relative Strength | 77.56 | POSITIVE | TNA has a high relative strength, it outperformed 77.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TNA is below 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) | 48.67 | NEUTRAL | The RSI value for TNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.46 | NEGATIVE | The MACD value suggests TNA has a negative trend. |
| Stochastics (14,3) | 31.01 | NEUTRAL | The Stochastics value for TNA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.64 | MEDIUM VOLATILITY | The ATR as a percentage value for TNA suggests some volalility. |
| Average Directional Index/ADX (14) | 20.92 | NEUTRAL | The ADX value for TNA suggests a possible start of a new trend. |
52.61
-2.34 (-4.26%)
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.
What is the current trend direction of DIREXION DLY SM CAP BULL 3X (TNA) stock?
The current trend direction for DIREXION DLY SM CAP BULL 3X (TNA) is Bullish.
What is the RSI signal for DIREXION DLY SM CAP BULL 3X (TNA) stock?
DIREXION DLY SM CAP BULL 3X (TNA) has an RSI value of 48.6699. This indicates that the stock is currently neutral.
Can you provide the short term momentum for DIREXION DLY SM CAP BULL 3X?
The short term momentum for DIREXION DLY SM CAP BULL 3X (TNA) is 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 51.75 and a resistance level at 56.83. Check the full technical report for our detailed analysis of TNA support and resistance levels.