DIREXION DLY SM CAP BEAR 3X (TZA) Stock Technical Analysis
NYSEARCA:TZA - NYSE Arca - US25460E2321 - ETF - Currency: USD
Overall TZA gets a technical rating of 0 out of 10. TZA 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.
90% of all other stocks performed better in the past year than TZA.
TZA 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 TZA is lagging the market.
TZA has an average volume of 18303500 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 12.00 - 15.17 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, TZA does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 13.18. Right above this resistance zone may be a good entry point.
More info and screens
12.12
22.90
When analyzing the support we can see 2 important areas.
- A support zone ranging from 12.69 to 12.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.24 to 12.35. This zone is formed by a combination of multiple trend lines in the daily time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 13.18 to 13.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 14.46 to 14.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @19.39 from a trend line in the weekly time frame.
- Resistance @21.72 from a horizontal line in the weekly time frame.
- Resistance @22.67 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The short term trend for TZA is down. |
| ChartMill Relative Strength | 10.9 | NEGATIVE | TZA has a low relative strength, it was outperformed by 89.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TZA is below 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) | 43.68 | NEUTRAL | The RSI value for TZA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests TZA has a positive trend. |
| Stochastics (14,3) | 40.16 | NEUTRAL | The Stochastics value for TZA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.8 | MEDIUM VOLATILITY | The ATR as a percentage value for TZA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.62 | NEGATIVE | The low ADX value for TZA 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)
13
-0.21 (-1.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.59%
1 Week5.01%
2 Weeks-2.48%
1 Month-1.89%
3 Month-20.2%
6 Month1.25%
12 Month-33.09%
2 Year-50.57%
3 Year-72.13%
5 Year-92.33%
10 Year-99.79%
15 Year-100%
Volatility
ATR(14)0.55
ATR(20)%4.8%
ATR Inc2.19%
Range Today0.68
ADR(20)0.53
ADR(20)%4.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.9
Mansfield-1.34
10 Day High13.61
10 Day Low12
20 Day High15.17
20 Day Low12
52 Week High25.7
52 Week Low9.66
CS1 End12.79
CR1 Start13.18
Volume & EV
DER(3)1.59%
DER(5)0.38%
Volume17.92M
Volume Incr7.93%
Vol(5)18.37M
Vol(50)18.30M