Technical Analysis for SPXS - Direxion Daily S&P 500 Bear 3X
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| F | 7.44 | -1.59% | -0.12 |
SPXS closed down 1.59 percent on Friday, July 5, 2024, on 81 percent of normal volume. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Down | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| MACD Bearish Signal Line Cross | Bearish | 0.00% | |
| New 52 Week Closing Low | Bearish | 0.00% | |
| New 52 Week Low | Weakness | 0.00% | |
| Down 3 Days in a Row | Weakness | 0.00% | |
| Down 4 Days in a Row | Weakness | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| New 52 Week Closing Low | Bearish | -1.59% | |
| New 52 Week Low | Weakness | -1.59% | |
| Stochastic Reached Oversold | Weakness | -1.59% | |
| Down 3 Days in a Row | Weakness | -1.59% |
| Alert | Time |
|---|---|
| Fell Below Lower Bollinger Band | about 23 hours ago |
| Lower Bollinger Band Support | about 23 hours ago |
| Down 1% | about 24 hours ago |
| 60 Minute Opening Range Breakdown | 1 day ago |
| 2x Volume Pace | 1 day ago |
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Basic chart:
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the S&P 500® Index.
The fund normally creates short positions by investing at least 80% of its assets in: futures contracts; options on securities, indices and futures contracts; equity caps, floors and collars; swap agreements; forward contracts; short positions; reverse repurchase agreements; ETFs; and other financial instruments that, in combination, 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 Exchange Traded Funds Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Repurchase Agreement S&P 500 Index Forward Contract
Classification
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Repurchase Agreement S&P 500 Index Forward Contract
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 17.4134 |
| 52 Week Low | 7.42 |
| Average Volume | 27,963,847 |
| 200-Day Moving Average | 10.92 |
| 50-Day Moving Average | 8.48 |
| 20-Day Moving Average | 7.86 |
| 10-Day Moving Average | 7.73 |
| Average True Range | 0.20 |
| RSI (14) | 27.01 |
| ADX | 30.74 |
| +DI | 9.98 |
| -DI | 33.80 |
| Chandelier Exit (Long, 3 ATRs) | 8.13 |
| Chandelier Exit (Short, 3 ATRs) | 8.01 |
| Upper Bollinger Bands | 8.31 |
| Lower Bollinger Band | 7.42 |
| Percent B (%b) | 0.02 |
| BandWidth | 11.33 |
| MACD Line | -0.25 |
| MACD Signal Line | -0.24 |
| MACD Histogram | -0.0022 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 7.69 | ||||
| Resistance 3 (R3) | 7.71 | 7.65 | 7.65 | ||
| Resistance 2 (R2) | 7.65 | 7.58 | 7.64 | 7.63 | |
| Resistance 1 (R1) | 7.54 | 7.54 | 7.51 | 7.52 | 7.62 |
| Pivot Point | 7.48 | 7.48 | 7.47 | 7.47 | 7.48 |
| Support 1 (S1) | 7.38 | 7.42 | 7.35 | 7.36 | 7.26 |
| Support 2 (S2) | 7.32 | 7.38 | 7.31 | 7.25 | |
| Support 3 (S3) | 7.21 | 7.32 | 7.23 | ||
| Support 4 (S4) | 7.19 |
