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

1 Month 3 Months 6 Months 12 Months -43.53% -37.94% 2.06% 67.97% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 90.48 13.12 - 61.4
WEBS Weekly chart
WEBS Daily chart

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.


WEBS Daily chart

DIREXION DAILY DOW JONES INT26.22

NYSEARCA:WEBS (8/10/2022, 5:40:00 PM)-3.86 (-12.83%)

After market: 26.25 +0.03 (+0.11%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector N/A
GICS Industry N/A
Performance
Today -12.83% 1 Week -11.36%
2 Weeks -28.61% 1 Month -43.53%
3 Month -37.94% 6 Month 2.06%
Volatility
ATR(14) 3.43 ATR(20)% 14.12%
ATR Inc -8.89% Range Today 1.56
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
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
Volume & EV
DER(3) 1.03% DER(5) -2.55%
Volume 715.88K Volume Incr 2.12%
Vol(5) 611.00K Vol(50) 520.60K

Technical Stock Screener Links

Screen Image

Technical Stock Screener

Find stocks with similar TA and Setup ratings on the USA