Technical Analysis for UTSL - Direxion Daily Utilities Bull 3X Shares
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 35.56 | -6.74% | -2.57 |
UTSL closed down 6.74 percent on Friday, November 1, 2024, on approximately normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. 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 | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Fell Below 50 DMA | Bearish | 0.00% | |
| MACD Bearish Centerline Cross | Bearish | 0.00% | |
| Expansion Pivot Sell Setup | Bearish Swing Setup | 0.00% | |
| Stochastic Reached Oversold | Weakness | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Crossed Above 50 DMA | Bullish | -6.74% | |
| Pocket Pivot | Bullish Swing Setup | -6.74% | |
| Fell Below 50 DMA | Bearish | -3.74% | |
| Fell Below 20 DMA | Bearish | -4.54% | |
| Gapped Down | Weakness | -4.54% |
| Alert | Time |
|---|---|
| Lower Bollinger Band Support | about 21 hours ago |
| Fell Below Lower Bollinger Band | about 21 hours ago |
| Down 5% | about 21 hours ago |
| Down 1 ATR | about 22 hours ago |
| Down 3% | about 24 hours ago |
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The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the Utilities Select Sector Index.
The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments that provide daily leveraged exposure to the index and/or ETFs that track the index. The index is provided by S&P Dow Jones Indices and includes domestic companies from the utilities sector which includes the following industries: electric utilities; multi-utilities; water utilities; independent power producers and energy trades; and gas utilities. The fund is non-diversified.
Keywords: Exchange Traded Fund ETF Leveraged ETF Ultra ETF Electric Utilities S&P Dow Jones Utilities Sector Power Producer Gas Utilities Water Utilities Utilities Select Sector Index
Classification
Keywords: Exchange Traded Fund ETF Leveraged ETF Ultra ETF Electric Utilities S&P Dow Jones Utilities Sector Power Producer Gas Utilities Water Utilities Utilities Select Sector Index
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 42.33 |
| 52 Week Low | 16.72 |
| Average Volume | 210,424 |
| 200-Day Moving Average | 27.60 |
| 50-Day Moving Average | 37.42 |
| 20-Day Moving Average | 38.97 |
| 10-Day Moving Average | 39.00 |
| Average True Range | 1.73 |
| RSI (14) | 40.12 |
| ADX | 20.52 |
| +DI | 22.04 |
| -DI | 31.11 |
| Chandelier Exit (Long, 3 ATRs) | 37.14 |
| Chandelier Exit (Short, 3 ATRs) | 40.61 |
| Upper Bollinger Bands | 42.60 |
| Lower Bollinger Band | 35.34 |
| Percent B (%b) | 0.03 |
| BandWidth | 18.64 |
| MACD Line | -0.04 |
| MACD Signal Line | 0.60 |
| MACD Histogram | -0.6401 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 39.99 | ||||
| Resistance 3 (R3) | 40.43 | 39.41 | 39.25 | ||
| Resistance 2 (R2) | 39.41 | 38.28 | 39.18 | 39.00 | |
| Resistance 1 (R1) | 37.48 | 37.58 | 36.97 | 37.04 | 38.76 |
| Pivot Point | 36.45 | 36.45 | 36.20 | 36.23 | 36.45 |
| Support 1 (S1) | 34.53 | 35.33 | 34.02 | 34.08 | 32.36 |
| Support 2 (S2) | 33.50 | 34.63 | 33.28 | 32.12 | |
| Support 3 (S3) | 31.58 | 33.50 | 31.87 | ||
| Support 4 (S4) | 31.13 |
