DRX DLY FTSE CHINA BEAR 3X (YANG) Stock Technical Analysis
NYSEARCA:YANG • US25461A4601
We assign a technical rating of 2 out of 10 to YANG. YANG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 85% of all other stocks performed better in the past year than YANG.
- YANG is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- YANG has an average volume of 1202190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month YANG has a been trading in the 19.94 - 25.29 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
YANG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 23.56, a Stop Loss order could be placed below this zone.
More info and screens
20.32
When analyzing the support we can see 3 important areas.
- A support zone ranging from 23.15 to 23.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.97 to 21.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.53 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- Resistance @24.01 from a trend line in the daily time frame.
- Resistance @24.46 from a horizontal line in the weekly time frame.
- Resistance @25.51 from a horizontal line in the daily time frame.
- A resistance zone ranging from 26.18 to 26.22. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for YANG is neutral. |
| ChartMill Relative Strength | 15.42 | NEGATIVE | YANG has a low relative strength, it was outperformed by 84.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of YANG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of YANG is above 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) | 54.05 | NEUTRAL | The RSI value for YANG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests YANG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.95 | NEUTRAL | The Stochastics value for YANG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.74 | MEDIUM VOLATILITY | The ATR as a percentage value for YANG suggests some volalility. |
| Average Directional Index/ADX (14) | 11.31 | NEGATIVE | The low ADX value for YANG suggests a weak or negative trend. |
23.94
+0.28 (+1.18%)
DRX DLY FTSE CHINA BEAR 3X / YANG FAQ
Can you provide the ChartMill technical rating for DRX DLY FTSE CHINA BEAR 3X?
ChartMill assigns a technical rating of 2 / 10 to YANG.
What is the trend direction for YANG stock?
The current trend direction for DRX DLY FTSE CHINA BEAR 3X (YANG) is Bearish.
What is the RSI signal for YANG stock?
DRX DLY FTSE CHINA BEAR 3X (YANG) has an RSI value of 54.0491. This indicates that the stock is currently neutral.
Can you provide the MACD signal for DRX DLY FTSE CHINA BEAR 3X?
The MACD indicator for DRX DLY FTSE CHINA BEAR 3X (YANG) has a value of 0.107475, indicating a bearish trend.
Can you provide the short term momentum for DRX DLY FTSE CHINA BEAR 3X?
The short term momentum for DRX DLY FTSE CHINA BEAR 3X (YANG) is neutral.