DIR DAILY TSLA BEAR 1X ETF (TSLS) Stock Technical Analysis
USA - NASDAQ:TSLS - US25460G2600 - ETF
5.42 USD
-0.32 (-5.57%)
5.43 USD
+0.01 (+0.18%)
We assign a technical rating of 0 out of 10 to TSLS. TSLS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
97% of all other stocks performed better in the past year than TSLS.
TSLS is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
TSLS has an average volume of 29655200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month TSLS has a been trading in the 5.08 - 5.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, TSLS does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 5.75. Right above this resistance zone may be a good entry point.
More info and screens
5.37
7.53
4 important resistance areas can be observed.
- A resistance zone ranging from 5.75 to 5.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.93 from a trend line in the weekly time frame.
- Resistance @6.03 from a trend line in the daily time frame.
- Resistance @7.46 from a horizontal line 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 | DOWN | NEGATIVE | The long term trend for TSLS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TSLS is down. |
| ChartMill Relative Strength | 3.26 | NEGATIVE | TSLS has a low relative strength, it was outperformed by 96.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TSLS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TSLS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TSLS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.51 | NEUTRAL | The RSI value for TSLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests TSLS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.6 | NEUTRAL | The Stochastics value for TSLS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.69 | MEDIUM VOLATILITY | The ATR as a percentage value for TSLS suggests some volalility. |
| Average Directional Index/ADX (14) | 37.47 | POSITIVE | The high ADX value value for TSLS 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)
5.42
-0.32 (-5.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-5.57%
1 Week3.24%
2 Weeks0.56%
1 Month-8.14%
3 Month-27.44%
6 Month-51.26%
12 Month-67.95%
2 Year-77.34%
3 Year-82.03%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%4.69%
ATR Inc46.1%
Range Today0.24
ADR(20)0.23
ADR(20)%4.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.26
Mansfield-4.37
10 Day High5.76
10 Day Low5.08
20 Day High5.9
20 Day Low5.08
52 Week High17.58
52 Week Low5.08
CS1 EndN/A
CR1 Start5.75
Volume & EV
DER(3)-0.16%
DER(5)2.36%
Volume33.92M
Volume Incr9.81%
Vol(5)35.72M
Vol(50)29.66M