DRX DLY FTSE CHINA BEAR 3X (YANG) Stock Technical Analysis
NYSEARCA:YANG - US25461A4601 - ETF
26.38 USD
-0.7 (-2.58%)
26.28 USD
-0.1 (-0.38%)
Taking everything into account, YANG scores 0 out of 10 in our technical rating. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, YANG is a bad performer in the overall market: 98% of all stocks are doing better.
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 1831150 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 24.50 - 30.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
YANG has a poor technical rating and the quality of the setup is also only medium 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
24.93
28.37
We found 1 important support area.
- A support zone ranging from 25.18 to 25.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 27.02 to 27.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @28.09 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 | 2 | NEGATIVE | YANG has a low relative strength, it was outperformed by 98% 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) | 45.04 | NEUTRAL | The RSI value for YANG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests YANG has a positive trend. |
| Stochastics (14,3) | 33.01 | NEUTRAL | The Stochastics value for YANG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.35 | MEDIUM VOLATILITY | The ATR as a percentage value for YANG suggests some volalility. |
| Average Directional Index/ADX (14) | 14.29 | 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)
26.38
-0.7 (-2.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.58%
1 Week-2.01%
2 Weeks-2.15%
1 Month-9.35%
3 Month-29.9%
6 Month-39.02%
12 Month-83.95%
2 Year-86.9%
3 Year-91.01%
5 Year-93.99%
10 Year-99.56%
15 YearN/A
Volatility
ATR(14)1.15
ATR(20)%4.35%
ATR Inc57.28%
Range Today0.94
ADR(20)0.68
ADR(20)%2.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2
Mansfield-5.84
10 Day High27.45
10 Day Low24.51
20 Day High30.98
20 Day Low24.51
52 Week High188.06
52 Week Low24.51
CS1 End25.19
CR1 Start27.02
Volume & EV
DER(3)0.36%
DER(5)-1.82%
Volume2.01M
Volume Incr35.34%
Vol(5)2.52M
Vol(50)1.83M