T-REX 2X INVERSE TESLA DLY (TSLZ) Stock Technical Analysis
NYSEARCA:TSLZ - NYSE Arca - US26923N8276 - ETF - Currency: USD
We assign a technical rating of 1 out of 10 to TSLZ. TSLZ scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, TSLZ is a bad performer in the overall market: 100% of all stocks are doing better.
TSLZ 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.
TSLZ has an average volume of 91549800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month TSLZ has a been trading in the 1.29 - 2.29 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TSLZ has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for TSLZ in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.58
1.87
We can see 2 important resistance areas.
- Resistance @1.73 from a horizontal line in the daily time frame.
- Resistance @1.85 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 | DOWN | NEGATIVE | The long term trend for TSLZ is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TSLZ is down. |
| ChartMill Relative Strength | 0.75 | NEGATIVE | TSLZ has a low relative strength, it was outperformed by 99.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TSLZ is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TSLZ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TSLZ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.5 | NEUTRAL | The RSI value for TSLZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests TSLZ has a positive trend. |
| Stochastics (14,3) | 30.28 | NEUTRAL | The Stochastics value for TSLZ is a neutral value. |
| Average True Range in percent/ATR (20) | 12.46 | HIGH VOLATILITY | The high ATR as a percentage value for TSLZ suggests high volalility. |
| Average Directional Index/ADX (14) | 13.98 | NEGATIVE | The low ADX value for TSLZ 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)
1.595
+0.02 (+1.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.27%
1 Week-3.63%
2 Weeks-6.18%
1 Month9.25%
3 Month-60.71%
6 Month-27.17%
12 Month-93.48%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%12.46%
ATR Inc-60.99%
Range Today0.11
ADR(20)0.18
ADR(20)%11.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.75
Mansfield-7.88
10 Day High1.76
10 Day Low1.29
20 Day High2.29
20 Day Low1.29
52 Week High23.69
52 Week Low1.29
CS1 EndN/A
CR1 Start1.73
Volume & EV
DER(3)6.06%
DER(5)4.18%
Volume71.55M
Volume Incr0.27%
Vol(5)96.16M
Vol(50)91.55M