Technical Analysis for TECS - Direxion Technology Bear 3X Shares
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| F | 5.42 | -4.24% | -0.24 |
TECS closed down 4.24 percent on Wednesday, July 3, 2024, on 73 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 |
|---|---|---|---|
| New 52 Week Closing Low | Bearish | 0.00% | |
| New 52 Week Low | Weakness | 0.00% | |
| Stochastic Reached Oversold | Weakness | 0.00% | |
| Wide Bands | Range Expansion | 0.00% | |
| Down 3 Days in a Row | Weakness | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Wide Bands | Range Expansion | -4.24% | |
| Gapped Up | Strength | -4.24% | |
| 180 Bearish Setup | Bearish Swing Setup | -5.41% | |
| Wide Bands | Range Expansion | -5.41% |
| Alert | Time |
|---|---|
| New 52 Week Low | about 9 hours ago |
| Down 3% | about 10 hours ago |
| Down 2 % | about 10 hours ago |
| 60 Minute Opening Range Breakdown | about 10 hours ago |
| Down 1% | about 10 hours 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 Technology Select Sector Index.
The fund, under normal circumstances, creates short positions by investing at least 80% of its assets in financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The index includes domestic companies from the following industries: computers & peripherals; software; diversified telecommunications services; communications equipment; semiconductors & seminconductor equipment; internet software & services; IT services; etc. The fund is non-diversified.
Keywords: Exchange Traded Fund ETF Private Equity Leveraged ETF Ultra ETF Semiconductor Inverse ETF Bear Market ETF Communications Equipment Telecommunications Service Internet Software Technology Select Sector Index Seminconductor Equipment
Classification
Keywords: Exchange Traded Fund ETF Private Equity Leveraged ETF Ultra ETF Semiconductor Inverse ETF Bear Market ETF Communications Equipment Telecommunications Service Internet Software Technology Select Sector Index Seminconductor Equipment
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 16.9244 |
| 52 Week Low | 5.415 |
| Average Volume | 10,649,945 |
| 200-Day Moving Average | 9.66 |
| 50-Day Moving Average | 7.05 |
| 20-Day Moving Average | 6.00 |
| 10-Day Moving Average | 5.78 |
| Average True Range | 0.30 |
| RSI (14) | 30.07 |
| ADX | 25.4 |
| +DI | 19.35 |
| -DI | 33.49 |
| Chandelier Exit (Long, 3 ATRs) | 6.67 |
| Chandelier Exit (Short, 3 ATRs) | 6.31 |
| Upper Bollinger Bands | 6.91 |
| Lower Bollinger Band | 5.10 |
| Percent B (%b) | 0.18 |
| BandWidth | 30.16 |
| MACD Line | -0.39 |
| MACD Signal Line | -0.41 |
| MACD Histogram | 0.0196 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 5.85 | ||||
| Resistance 3 (R3) | 5.89 | 5.80 | 5.78 | ||
| Resistance 2 (R2) | 5.80 | 5.69 | 5.77 | 5.75 | |
| Resistance 1 (R1) | 5.61 | 5.62 | 5.56 | 5.56 | 5.73 |
| Pivot Point | 5.51 | 5.51 | 5.49 | 5.49 | 5.51 |
| Support 1 (S1) | 5.32 | 5.40 | 5.28 | 5.28 | 5.11 |
| Support 2 (S2) | 5.23 | 5.34 | 5.20 | 5.09 | |
| Support 3 (S3) | 5.04 | 5.23 | 5.06 | ||
| Support 4 (S4) | 4.99 |
