DIREXION DAILY TSLA BULL 2X (TSLL) Stock Technical Analysis
NASDAQ:TSLL - US25460G2865 - ETF
12.29 USD
-0.91 (-6.89%)
12.31 USD
+0.02 (+0.16%)
Overall TSLL gets a technical rating of 5 out of 10. In the last year, TSLL was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
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 151291000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, TSLL outperforms 50% of them, which is more or less in line with the market.
In the last month TSLL has a been trading in the 10.33 - 13.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TSLL has an average technical rating and it also 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
8.36
13.82
5 important support areas can be observed.
- A support zone ranging from 11.88 to 11.92. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 11.32 to 11.40. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @11.03 from a trend line in the weekly time frame.
- Support @9.71 from a horizontal line in the daily time frame.
- Support @8.44 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 12.64 to 12.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.21 from a trend line in the daily time frame.
- A resistance zone ranging from 13.62 to 13.68. 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 | NEUTRAL | NEUTRAL | The long term trend for TSLL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TSLL is neutral. |
| ChartMill Relative Strength | 50.57 | NEUTRAL | TSLL is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of TSLL is above a declining 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) | 49.75 | NEUTRAL | The RSI value for TSLL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests TSLL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.68 | NEUTRAL | The Stochastics value for TSLL is a neutral value. |
| Average True Range in percent/ATR (20) | 6.99 | HIGH VOLATILITY | The high ATR as a percentage value for TSLL suggests high volalility. |
| Average Directional Index/ADX (14) | 12.4 | NEGATIVE | The low ADX value for TSLL suggests a weak or negative 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)
12.29
-0.91 (-6.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-6.89%
1 Week-3.98%
2 Weeks0.82%
1 Month19.09%
3 Month-17.57%
6 Month-8.62%
12 Month27.62%
2 Year-25.61%
3 Year-46.38%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.89
ATR(20)%6.99%
ATR Inc31.75%
Range Today1.3
ADR(20)0.84
ADR(20)%6.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.57
Mansfield-2.76
10 Day High13.95
10 Day Low11
20 Day High13.95
20 Day Low10.33
52 Week High41.5
52 Week Low6.29
CS1 End11.92
CR1 Start12.64
Volume & EV
DER(3)-5.41%
DER(5)-1%
Volume118.81M
Volume Incr-17.17%
Vol(5)109.86M
Vol(50)151.29M