DRX DLY FTSE CHINA BEAR 3X (YANG) Stock Technical Analysis
NYSEARCA:YANG - NYSE Arca - US25461A4601 - ETF - Currency: USD
Taking everything into account, YANG scores 0 out of 10 in our technical rating. YANG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, YANG is a bad performer in the overall market: 99% of all stocks are doing better.
YANG is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month YANG has a been trading in the 27.00 - 34.40 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
YANG has an average volume of 1724780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of YANG 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.
More info and screens
27.42
45.91
We can see 2 important resistance areas.
- A resistance zone ranging from 30.13 to 30.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @45.46 from a trend line in the daily 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 YANG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for YANG is down. |
| ChartMill Relative Strength | 1.41 | NEGATIVE | YANG has a low relative strength, it was outperformed by 98.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of YANG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of YANG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of YANG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.12 | NEUTRAL | The RSI value for YANG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests YANG has a negative trend. |
| Stochastics (14,3) | 10.36 | OVERSOLD | The low Stochastics value suggests YANG may be oversold. |
| Average True Range in percent/ATR (20) | 4.31 | MEDIUM VOLATILITY | The ATR as a percentage value for YANG suggests some volalility. |
| Average Directional Index/ADX (14) | 17.44 | NEGATIVE | The low ADX value for YANG suggests a weak or negative 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)
27.7
-1.01 (-3.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.52%
1 Week-11.87%
2 Weeks-13.22%
1 Month-17.51%
3 Month-42.06%
6 Month-60.25%
12 Month-84.37%
2 Year-81.56%
3 Year-90.63%
5 Year-94.79%
10 Year-99.38%
15 YearN/A
Volatility
ATR(14)1.1
ATR(20)%4.31%
ATR Inc25.9%
Range Today0.73
ADR(20)0.81
ADR(20)%2.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.41
Mansfield-6.6
10 Day High32.45
10 Day Low27
20 Day High34.4
20 Day Low27
52 Week High204.8
52 Week Low27
CS1 EndN/A
CR1 Start30.13
Volume & EV
DER(3)-5.4%
DER(5)-3.06%
Volume3.94M
Volume Incr93.32%
Vol(5)2.53M
Vol(50)1.72M