T-REX 2X LNG TESLA DLY TRGT (TSLT) Stock Technical Analysis
NYSEARCA:TSLT - NYSE Arca - US26923N8359 - ETF - Currency: USD
Overall TSLT gets a technical rating of 3 out of 10. TSLT performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
64% of all other stocks performed better in the past year than TSLT.
TSLT 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.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
TSLT has an average volume of 5741230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month TSLT has a been trading in the 13.54 - 18.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TSLT has a poor technical rating and the quality of the setup is also only medium 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
11.30
17.81
When analyzing the support we can see 5 important areas.
- A support zone ranging from 16.33 to 16.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.67 from a trend line in the daily time frame.
- Support @14.16 from a trend line in the daily time frame.
- Support @13.23 from a horizontal line in the daily time frame.
- Support @11.41 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 16.90 to 16.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 17.47 to 17.63. 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 TSLT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TSLT is up. |
| ChartMill Relative Strength | 36.59 | NEUTRAL | TSLT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TSLT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of TSLT is above 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) | 52.41 | NEUTRAL | The RSI value for TSLT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests TSLT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.83 | NEUTRAL | The Stochastics value for TSLT is a neutral value. |
| Average True Range in percent/ATR (20) | 7.7 | HIGH VOLATILITY | The high ATR as a percentage value for TSLT suggests high volalility. |
| Average Directional Index/ADX (14) | 13.06 | NEGATIVE | The low ADX value for TSLT 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)
16.57
-0.5 (-2.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.93%
1 Week0.3%
2 Weeks18.36%
1 Month-1.95%
3 Month-21.28%
6 Month-40.05%
12 Month21.48%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.12
ATR(20)%7.7%
ATR Inc-3.94%
Range Today1.25
ADR(20)1.12
ADR(20)%6.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.59
Mansfield-2.82
10 Day High18.48
10 Day Low14.05
20 Day High18.48
20 Day Low13.54
52 Week High56.9
52 Week Low8.62
CS1 End16.56
CR1 Start16.9
Volume & EV
DER(3)-4.39%
DER(5)-1.93%
Volume4.34M
Volume Incr7.37%
Vol(5)5.37M
Vol(50)5.74M