DIREXION DLY SM CAP BEAR 3X (TZA) Stock Technical Analysis
USA - NYSEARCA:TZA - US25460E2321 - ETF
8.63 USD
+0.71 (+8.96%)
8.7805 USD
+0.15 (+1.74%)
Taking everything into account, TZA scores 0 out of 10 in our technical rating. TZA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, TZA is a bad performer in the overall market: 92% of all stocks are doing better.
TZA 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.
TZA has an average volume of 36092800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month TZA has a been trading in the 7.60 - 8.83 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of TZA is bad and it also does not present a 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
8.54
10.18
We can see 3 important resistance areas.
- A resistance zone ranging from 8.64 to 8.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 9.15 to 9.27. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @10.08 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 TZA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TZA is neutral. |
| ChartMill Relative Strength | 8.61 | NEGATIVE | TZA has a low relative strength, it was outperformed by 91.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TZA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TZA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TZA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.33 | NEUTRAL | The RSI value for TZA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests TZA has a positive trend. |
| Stochastics (14,3) | 47.66 | NEUTRAL | The Stochastics value for TZA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.33 | MEDIUM VOLATILITY | The ATR as a percentage value for TZA suggests some volalility. |
| Average Directional Index/ADX (14) | 26.56 | POSITIVE | The high ADX value value for TZA 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)
8.63
+0.71 (+8.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg8.96%
1 Week9.94%
2 Weeks4.35%
1 Month-1.03%
3 Month-21.04%
6 Month-55.88%
12 Month-35.74%
2 Year-77.36%
3 Year-73.25%
5 Year-93.04%
10 Year-99.51%
15 Year-99.99%
Volatility
ATR(14)0.35
ATR(20)%4.33%
ATR Inc92.18%
Range Today0.9
ADR(20)0.35
ADR(20)%4.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.61
Mansfield-3.81
10 Day High8.65
10 Day Low7.6
20 Day High8.83
20 Day Low7.6
52 Week High25.7
52 Week Low7.6
CS1 EndN/A
CR1 Start8.64
Volume & EV
DER(3)3.52%
DER(5)2.14%
Volume71.53M
Volume Incr25.87%
Vol(5)48.68M
Vol(50)36.09M