Technical Analysis for UTSL - Direxion Daily Utilities Bull 3X Shares
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 38.44 | 0.23% | 0.09 |
UTSL closed up 0.23 percent on Wednesday, November 20, 2024, on 31 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. It was able to find support at its 50 day moving average. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 50 DMA Support | Bullish | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Stochastic Reached Overbought | Strength | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Up 3 Days in a Row | Strength | 0.00% | |
| Up 4 Days in a Row | Strength | 0.00% | |
| 20 DMA Support | Bullish | 0.23% | |
| Crossed Above 50 DMA | Bullish | 0.23% | |
| Up 3 Days in a Row | Strength | 0.23% | |
| Gapped Down | Weakness | 0.23% |
| Alert | Time |
|---|---|
| Possible NR7 | about 18 hours ago |
| 50 DMA Support | about 20 hours ago |
| 60 Minute Opening Range Breakdown | about 21 hours ago |
| Fell Below 50 DMA | about 21 hours ago |
| Down 1% | about 21 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 | 230,643 |
| 200-Day Moving Average | 28.75 |
| 50-Day Moving Average | 38.13 |
| 20-Day Moving Average | 36.93 |
| 10-Day Moving Average | 36.67 |
| Average True Range | 1.63 |
| RSI (14) | 54.75 |
| ADX | 14.45 |
| +DI | 27.78 |
| -DI | 20.87 |
| Chandelier Exit (Long, 3 ATRs) | 36.91 |
| Chandelier Exit (Short, 3 ATRs) | 38.54 |
| Upper Bollinger Bands | 40.35 |
| Lower Bollinger Band | 33.52 |
| Percent B (%b) | 0.72 |
| BandWidth | 18.50 |
| MACD Line | -0.19 |
| MACD Signal Line | -0.45 |
| MACD Histogram | 0.2567 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 40.00 | ||||
| Resistance 3 (R3) | 40.01 | 39.49 | 39.74 | ||
| Resistance 2 (R2) | 39.49 | 39.10 | 39.49 | 39.65 | |
| Resistance 1 (R1) | 38.97 | 38.85 | 38.71 | 38.96 | 39.57 |
| Pivot Point | 38.45 | 38.45 | 38.33 | 38.45 | 38.45 |
| Support 1 (S1) | 37.93 | 38.06 | 37.67 | 37.92 | 37.31 |
| Support 2 (S2) | 37.41 | 37.81 | 37.41 | 37.23 | |
| Support 3 (S3) | 36.89 | 37.41 | 37.14 | ||
| Support 4 (S4) | 36.88 |
