DIREXION DLY SM CAP BEAR 3X (TZA) Stock Technical Analysis
NYSEARCA:TZA - US25460E2321 - ETF
8.93 USD
+0.04 (+0.45%)
8.93 USD
0 (0%)
We assign a technical rating of 0 out of 10 to TZA. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
95% of all other stocks performed better in the past year than TZA.
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.
In the last month TZA has a been trading in the 8.56 - 10.57 range, which is quite wide. It is currently trading near the lows of this range.
TZA has an average volume of 27718900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TZA has a poor technical rating and the quality of the setup is also not perfect 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
8.69
21.94
When analyzing the support we notice one important area.
- A support zone ranging from 8.78 to 8.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 9.25 to 9.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 10.48 to 10.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @16.54 from a trend line in the weekly time frame.
- Resistance @21.72 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 | 5.58 | NEGATIVE | TZA has a low relative strength, it was outperformed by 94.42% 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) | 36.77 | NEUTRAL | The RSI value for TZA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests TZA has a positive trend. |
| Stochastics (14,3) | 15.88 | OVERSOLD | The low Stochastics value suggests TZA may be oversold. |
| Average True Range in percent/ATR (20) | 4.52 | MEDIUM VOLATILITY | The ATR as a percentage value for TZA suggests some volalility. |
| Average Directional Index/ADX (14) | 26.3 | 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)
8.93
+0.04 (+0.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.45%
1 Week-3.35%
2 Weeks-2.3%
1 Month-12.19%
3 Month-32.55%
6 Month-46.33%
12 Month-38.54%
2 Year-71.17%
3 Year-80.6%
5 Year-93.42%
10 Year-99.58%
15 Year-100%
Volatility
ATR(14)0.39
ATR(20)%4.52%
ATR Inc-25.71%
Range Today0.32
ADR(20)0.37
ADR(20)%4.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.58
Mansfield-3.84
10 Day High9.49
10 Day Low8.57
20 Day High10.57
20 Day Low8.57
52 Week High25.7
52 Week Low8.57
CS1 End8.88
CR1 Start9.25
Volume & EV
DER(3)0.88%
DER(5)0.41%
Volume31.76M
Volume Incr-9.2%
Vol(5)28.83M
Vol(50)27.72M