T-REX 2X LNG TESLA DLY TRGT (TSLT) Stock Technical Analysis
NYSEARCA:TSLT - NYSE Arca - US26923N8359 - ETF - Currency: USD
We assign a technical rating of 5 out of 10 to TSLT. Although TSLT is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
TSLT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TSLT is lagging the market.
In the last month TSLT has a been trading in the 12.06 - 22.97 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
TSLT has an average volume of 8370770 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 comparing the yearly performance of all stocks, we notice that TSLT is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
TSLT has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
10.76
20.91
2 important support areas can be observed.
- Support @13.36 from a horizontal line in the daily time frame.
- Support @10.87 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @19.99 from a trend line in the daily time frame.
- Resistance @20.70 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for TSLT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TSLT is neutral. |
| ChartMill Relative Strength | 83.96 | POSITIVE | TSLT has a high relative strength, it outperformed 83.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TSLT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TSLT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TSLT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.24 | NEUTRAL | The RSI value for TSLT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.91 | NEGATIVE | The MACD value suggests TSLT has a negative trend. |
| Stochastics (14,3) | 14.69 | OVERSOLD | The low Stochastics value suggests TSLT may be oversold. |
| Average True Range in percent/ATR (20) | 14.36 | HIGH VOLATILITY | The high ATR as a percentage value for TSLT suggests high volalility. |
| Average Directional Index/ADX (14) | 28.09 | POSITIVE | The high ADX value value for TSLT 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)
14.28
+0.91 (+6.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg6.81%
1 Week-29.55%
2 Weeks-28.17%
1 Month0.99%
3 Month-2.12%
6 Month-61.08%
12 Month37.97%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.11
ATR(20)%14.36%
ATR Inc150.26%
Range Today1.33
ADR(20)1.77
ADR(20)%12.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.96
Mansfield-3.37
10 Day High22.97
10 Day Low12.06
20 Day High22.97
20 Day Low12.06
52 Week High56.9
52 Week Low8.62
CS1 End13.36
CR1 Start19.99
Volume & EV
DER(3)-7.47%
DER(5)-5.22%
Volume10.78M
Volume Incr3.28%
Vol(5)7.71M
Vol(50)8.37M