LEVERAGE SHARES 2X TSLA (TSLG) Stock Technical Analysis
USA - NASDAQ:TSLG - US8829276844 - ETF
9.84 USD
-0.29 (-2.86%)
9.8 USD
-0.04 (-0.41%)
Overall TSLG gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, TSLG is a bad performer.
When comparing the yearly performance of all stocks, TSLG is a bad performer in the overall market: 100% of all stocks are doing better.
The long and short term trends are both positive. This is looking good!
TSLG has an average volume of 12475700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month TSLG has a been trading in the 6.47 - 11.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although TSLG has an excellent technical rating, it does not present a decent entry opportunity 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
5.87
10.48
When analyzing the support we can see 3 important areas.
- Support @6.89 from a trend line in the daily time frame.
- Support @6.23 from a trend line in the daily time frame.
- Support @5.93 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 10.28 to 10.38. 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 | UP | POSITIVE | The long term trend for TSLG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TSLG is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | TSLG has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TSLG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TSLG is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 57.65 | NEUTRAL | The RSI value for TSLG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests TSLG has a negative trend. |
| Stochastics (14,3) | 56.59 | NEUTRAL | The Stochastics value for TSLG is a neutral value. |
| Average True Range in percent/ATR (20) | 8.42 | HIGH VOLATILITY | The high ATR as a percentage value for TSLG suggests high volalility. |
| Average Directional Index/ADX (14) | 42.1 | POSITIVE | The high ADX value value for TSLG suggests a strong 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)
9.84
-0.29 (-2.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.86%
1 Week-5.11%
2 Weeks0.51%
1 Month45.99%
3 Month71.43%
6 Month150.38%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.88
ATR(20)%8.42%
ATR Inc85.83%
Range Today1.39
ADR(20)0.77
ADR(20)%7.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High11.8
10 Day Low9.22
20 Day High11.8
20 Day Low6.47
52 Week HighN/A
52 Week LowN/A
CS1 End6.89
CR1 Start10.28
Volume & EV
DER(3)-5.11%
DER(5)-1.24%
Volume8.63M
Volume Incr-33.01%
Vol(5)10.12M
Vol(50)12.48M