DRX DLY UTILITIES BULL 3X (UTSL) Stock Technical Analysis
USA - NYSEARCA:UTSL - US25460E7114 - ETF
48.43 USD
-0.76 (-1.55%)
48.42 USD
-0.01 (-0.02%)
Overall UTSL gets a technical rating of 10 out of 10. Both in the recent history as in the last year, UTSL has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that UTSL is one of the better performing stocks in the market, outperforming 86% of all stocks.
UTSL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month UTSL has a been trading in the 38.68 - 50.43 range, which is quite wide. It is currently trading near the high of this range.
Although UTSL has an excellent technical rating, the quality of the presented setup is not ideal 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
33.74
48.91
4 important support areas can be observed.
- Support @40.59 from a trend line in the weekly time frame.
- Support @39.69 from a trend line in the daily time frame.
- Support @38.35 from a trend line in the daily time frame.
- Support @34.08 from a trend 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 | UP | POSITIVE | The long term trend for UTSL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UTSL is up. |
| ChartMill Relative Strength | 86.59 | POSITIVE | UTSL has a high relative strength, it outperformed 86.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UTSL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UTSL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of UTSL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.18 | OVERBOUGHT | The high RSI value suggests UTSL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.61 | POSITIVE | The MACD value suggests UTSL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.69 | OVERBOUGHT | The high Stochastics value suggests UTSL may be overbought. |
| Average True Range in percent/ATR (20) | 3.13 | MEDIUM VOLATILITY | The ATR as a percentage value for UTSL suggests some volalility. |
| Average Directional Index/ADX (14) | 32.76 | POSITIVE | The high ADX value value for UTSL 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 50.44 | 42.46 | 7.98 (15.82%) | 6.32% |
| An entry @50.44. This is a Buy Stop order right above the 10 day high. | An exit @42.46. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 7.98 points, which is 15.82%. | When investing 6.32% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
48.43
-0.76 (-1.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.55%
1 Week3.99%
2 Weeks11.59%
1 Month17.81%
3 Month27.68%
6 Month56.78%
12 Month29.01%
2 Year169.21%
3 Year66.03%
5 Year82.36%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.53
ATR(20)%3.13%
ATR Inc18.99%
Range Today1.95
ADR(20)1.44
ADR(20)%2.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.59
Mansfield2.02
10 Day High50.43
10 Day Low42.47
20 Day High50.43
20 Day Low38.68
52 Week High50.43
52 Week Low25.08
CS1 End40.59
CR1 StartN/A
Volume & EV
DER(3)0.47%
DER(5)3.37%
Volume109.90K
Volume Incr8.56%
Vol(5)96.48K
Vol(50)86.62K