DIREXION DAILY DOW JONES INT (WEBS) 26.22 -3.86 (-12.83%)
26.22 -3.86 (-12.83%)
US25460G6668 - ETF - After market: 26.25 +0.03 (+0.11%)
Technical Rating
We assign a technical rating of 2 out of 10 to WEBS. Although WEBS is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Looking at the yearly performance, WEBS did better than 90% of all other stocks. However, WEBS's most recent performance is quite weak.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
WEBS is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month WEBS has a been trading in the 26.03 - 50.80 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Statistics
Support/Resistance Analysis
24.87
37.53
When analyzing the support we notice one important area.
- Support @25.12 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 26.23 to 26.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @30.08 from a horizontal line in the daily time frame.
- A resistance zone ranging from 36.86 to 37.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Setup Analysis
Setup Rating
The technical rating of WEBS 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.
DIREXION DAILY DOW JONES INT26.22
NYSEARCA:WEBS (8/10/2022, 5:40:00 PM)-3.86 (-12.83%)
| GICS Sector | N/A | ||
| GICS Industry | N/A | ||
| Today | -12.83% | 1 Week | -11.36% |
| 2 Weeks | -28.61% | 1 Month | -43.53% |
| 3 Month | -37.94% | 6 Month | 2.06% |
| ATR(14) | 3.43 | ATR(20)% | 14.12% |
| ATR Inc | -8.89% | Range Today | 1.56 |
| ST Trend | LT Trend | ||
| SMA(5) | SMA(10) | ||
| SMA(20) | SMA(50) | ||
| SMA(100) | SMA(200) |
| CRS | 90.48 | Mansfield | -0.14 |
| 10 Day High | 39.18 | 10 Day Low | 26.03 |
| 20 Day High | 50.8 | 20 Day Low | 26.03 |
| 52 Week High | 61.4 | 52 Week Low | 13.12 |
| CS1 End | 25.12 | CR1 Start | 26.23 |
| DER(3) | 1.03% | DER(5) | -2.55% |
| Volume | 715.88K | Volume Incr | 2.12% |
| Vol(5) | 611.00K | Vol(50) | 520.60K |
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