DIREXION DAILY DOW JONES INT (WEBS) Stock Technical Analysis
USA - NYSEARCA:WEBS - US25461A4866 - ETF
Overall WEBS gets a technical rating of 1 out of 10. WEBS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, WEBS does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 19.06. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
16.91
When analyzing the support we can see 2 important areas.
- A support zone ranging from 17.83 to 18.17. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 17.08 to 17.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 19.06 to 19.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 WEBS is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WEBS is neutral. |
| ChartMill Relative Strength | 8.23 | NEGATIVE | WEBS has a low relative strength, it was outperformed by 91.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WEBS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of WEBS is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WEBS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.55 | NEUTRAL | The RSI value for WEBS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests WEBS has a positive trend. |
| Stochastics (14,3) | 41.09 | NEUTRAL | The Stochastics value for WEBS is a neutral value. |
| Average True Range in percent/ATR (20) | 5.1 | HIGH VOLATILITY | The high ATR as a percentage value for WEBS suggests high volalility. |
| Average Directional Index/ADX (14) | 11.18 | NEGATIVE | The low ADX value for WEBS suggests a weak or negative trend. |
18.75
+1.29 (+7.4%)
DIREXION DAILY DOW JONES INT / WEBS FAQ
What is the ChartMill technical rating of DIREXION DAILY DOW JONES INT (WEBS) stock?
ChartMill assigns a technical rating of 1 / 10 to WEBS.
What is the current trend direction of DIREXION DAILY DOW JONES INT (WEBS) stock?
The current trend direction for DIREXION DAILY DOW JONES INT (WEBS) is Bearish.
Can you provide the RSI signal for DIREXION DAILY DOW JONES INT?
DIREXION DAILY DOW JONES INT (WEBS) has an RSI value of 54.5509. This indicates that the stock is currently neutral.
What is the MACD signal for WEBS stock?
The MACD indicator for DIREXION DAILY DOW JONES INT (WEBS) has a value of 0.0410489, indicating a bearish trend.
What are the support and resistance levels for DIREXION DAILY DOW JONES INT (WEBS) stock?
DIREXION DAILY DOW JONES INT (WEBS) has a support level at 18.17 and a resistance level at 19.06. Check the full technical report for our detailed analysis of WEBS support and resistance levels.