DIREXION DAILY TSLA BULL 2X (TSLL) Stock Technical Analysis
USA - NASDAQ:TSLL - US25460G2865 - ETF
Taking everything into account, TSLL scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TSLL is showing a nice and steady performance.
TSLL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 19.09, a Stop Loss order could be placed below this zone.
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11.13
4 important support areas can be observed.
- A support zone ranging from 18.87 to 19.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.81 from a trend line in the daily time frame.
- Support @12.97 from a trend line in the weekly time frame.
- Support @11.24 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @21.54 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 22.50 to 22.64. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for TSLL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TSLL is neutral. |
| ChartMill Relative Strength | 89.59 | POSITIVE | TSLL has a high relative strength, it outperformed 89.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TSLL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TSLL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TSLL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.09 | NEUTRAL | The RSI value for TSLL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests TSLL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.56 | NEUTRAL | The Stochastics value for TSLL is a neutral value. |
| Average True Range in percent/ATR (20) | 9.07 | HIGH VOLATILITY | The high ATR as a percentage value for TSLL suggests high volalility. |
| Average Directional Index/ADX (14) | 12.98 | NEGATIVE | The low ADX value for TSLL suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 21.55 | 18.86 | 2.69 (12.48%) | 8.01% |
| An entry @21.55. This is a Buy Stop order right above the resistance zone. | An exit @18.86. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.69 points, which is 12.48%. | When investing 8.01% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of TSLL. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
20.23
+1.36 (+7.21%)
DIREXION DAILY TSLA BULL 2X / TSLL FAQ
What is the technical rating for TSLL stock?
ChartMill assigns a technical rating of 8 / 10 to TSLL.
What is the trend direction for TSLL stock?
The current trend direction for DIREXION DAILY TSLA BULL 2X (TSLL) is Bullish.
What is the RSI signal for DIREXION DAILY TSLA BULL 2X (TSLL) stock?
DIREXION DAILY TSLA BULL 2X (TSLL) has an RSI value of 50.0879. This indicates that the stock is currently neutral.
What is the MACD signal for TSLL stock?
The MACD indicator for DIREXION DAILY TSLA BULL 2X (TSLL) has a value of -0.272366, indicating a bearish trend.