DIREXION DAILY TSLA BULL 2X (TSLL) Stock Technical Analysis
NASDAQ:TSLL - Nasdaq - US25460G2865 - ETF - Currency: USD
Taking everything into account, TSLL scores 2 out of 10 in our technical rating. TSLL has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
TSLL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
TSLL has an average volume of 201387000 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 TSLL 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 7 months ago.
In the last month TSLL has a been trading in the 9.60 - 15.06 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TSLL has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 11.53. Right above this resistance zone may be a good entry point.
More info and screens
8.12
12.46
We found 5 important support areas.
- Support @10.49 from a horizontal line in the weekly time frame.
- Support @10.29 from a trend line in the daily time frame.
- Support @9.97 from a horizontal line in the daily time frame.
- Support @9.71 from a horizontal line in the daily time frame.
- Support @8.20 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 11.53 to 11.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 12.23 to 12.34. 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 TSLL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TSLL is neutral. |
| ChartMill Relative Strength | 77.12 | POSITIVE | TSLL has a high relative strength, it outperformed 77.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TSLL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TSLL is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TSLL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.24 | NEUTRAL | The RSI value for TSLL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests TSLL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.1 | NEUTRAL | The Stochastics value for TSLL is a neutral value. |
| Average True Range in percent/ATR (20) | 9.5 | HIGH VOLATILITY | The high ATR as a percentage value for TSLL suggests high volalility. |
| Average Directional Index/ADX (14) | 21.4 | NEUTRAL | The ADX value for TSLL suggests a possible start of a new 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)
11.53
+0.25 (+2.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.22%
1 Week15.53%
2 Weeks-6.03%
1 Month-5.41%
3 Month50.33%
6 Month-61.45%
12 Month-11.03%
2 Year-34.75%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.99
ATR(20)%9.5%
ATR Inc-44.07%
Range Today0.71
ADR(20)0.92
ADR(20)%7.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.12
Mansfield-2.96
10 Day High12.4
10 Day Low9.6
20 Day High15.06
20 Day Low9.6
52 Week High41.5
52 Week Low6.29
CS1 End10.49
CR1 Start11.53
Volume & EV
DER(3)0.21%
DER(5)0.95%
Volume113.09M
Volume Incr-36.09%
Vol(5)131.75M
Vol(50)201.39M