Technical Analysis for SPXL - Direxion Daily S&P 500 Bull 3X Shares
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 159.18 | 1.18% | 1.85 |
SPXL closed up 1.18 percent on Friday, November 1, 2024, on 89 percent of normal volume. It ran into resistance at its 50 day moving average. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Flat | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 50 DMA Resistance | Bearish | 0.00% | |
| Stochastic Reached Oversold | Weakness | 0.00% | |
| Multiple of Ten Bearish | Other | 0.00% | |
| Inside Day | Range Contraction | 0.00% | |
| BB Squeeze Ended | Range Expansion | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Fell Below 20 DMA | Bearish | 1.18% | |
| Fell Below 50 DMA | Bearish | 1.18% | |
| Bollinger Band Squeeze | Range Contraction | 1.18% |
| Alert | Time |
|---|---|
| Possible Inside Day | about 21 hours ago |
| Up 3% | 1 day ago |
| Up 1 ATR | 1 day ago |
| 60 Minute Opening Range Breakout | 1 day ago |
| 50 DMA Support | 1 day ago |
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Basic chart:
The investment seeks daily investment results, before fees and expenses, of 300% of the performance of the S&P 500® Index.
The fund, under normal circumstances, creates long positions by investing at least 80% of its assets in the securities that comprise the S&P 500® Index ("index") and/or financial instruments that provide leveraged and unleveraged exposure to the index. The index is a capitalization-weighted index composed of 500 domestic common stocks. The fund is non-diversified.
Keywords: Exchange Traded Fund ETF Index Fund Leveraged ETF Ultra ETF Capitalization Weighted Index S&P 500 Index
Classification
Keywords: Exchange Traded Fund ETF Index Fund Leveraged ETF Ultra ETF Capitalization Weighted Index S&P 500 Index
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 173.325 |
| 52 Week Low | 79.0128 |
| Average Volume | 3,292,803 |
| 200-Day Moving Average | 138.47 |
| 50-Day Moving Average | 159.22 |
| 20-Day Moving Average | 166.63 |
| 10-Day Moving Average | 166.13 |
| Average True Range | 4.78 |
| RSI (14) | 42.86 |
| ADX | 21.22 |
| +DI | 16.42 |
| -DI | 26.72 |
| Chandelier Exit (Long, 3 ATRs) | 158.97 |
| Chandelier Exit (Short, 3 ATRs) | 170.97 |
| Upper Bollinger Bands | 175.02 |
| Lower Bollinger Band | 158.23 |
| Percent B (%b) | 0.06 |
| BandWidth | 10.08 |
| MACD Line | 0.99 |
| MACD Signal Line | 2.63 |
| MACD Histogram | -1.6441 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 165.40 | ||||
| Resistance 3 (R3) | 165.98 | 164.48 | 164.36 | ||
| Resistance 2 (R2) | 164.48 | 162.90 | 164.19 | 164.02 | |
| Resistance 1 (R1) | 161.83 | 161.92 | 161.08 | 161.25 | 163.67 |
| Pivot Point | 160.34 | 160.34 | 159.96 | 160.05 | 160.34 |
| Support 1 (S1) | 157.68 | 158.75 | 156.94 | 157.11 | 154.69 |
| Support 2 (S2) | 156.19 | 157.77 | 155.90 | 154.34 | |
| Support 3 (S3) | 153.54 | 156.19 | 154.00 | ||
| Support 4 (S4) | 152.96 |
