Technical Analysis for WFH - Direxion Work From Home ETF

Grade Last Price % Change Price Change
B 55.60 0.31% 0.17
WFH closed up 0.31 percent on Wednesday, July 3, 2024, on 5 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. 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.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Cup with Handle Other 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Upper Bollinger Band Walk Strength 0.00%
BB Squeeze + Upper Band Touch Range Contraction 0.00%
Above Upper BB Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%

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Profile

The Direxion Work From Home ETF offers exposure to companies across four technology pillars, allowing investors to gain exposure to those companies that stand to benefit from an increasingly flexible work environment. The four pillars include Cloud Technologies, Cybersecurity, Online Project and Document Management, and Remote Communications. Companies are selected for inclusion in the index by ARTIS, a proprietary natural language processing algorithm, which uses key words to evaluate large volumes of publicly available information, such as annual reports, business descriptions and financial news.
Classification

Keywords: Computer Security Work From Home Cybersecurity Cryptography Cyberwarfare Document Management Computer Network Security Cybercrime Direxion Information Governance Natural Language Processing Information Age Cloud Technologies Natural Language Processing Algorithm Remote Communications

Top 10 Components

Symbol Grade Price % Change Allocation
GOOGL A 0.31 3.51
AVGO B 4.33 3.36
ORCL A 0.77 3.33
SNX D 0.96 3.25
NTAP A 0.29 3.19
CRWD A 0.55 3.04
PANW B 0.22 2.92
MSFT A 0.32 2.90
AMZN A -1.21 2.81
META B 0.09 2.65

Is WFH a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 58.6861
52 Week Low 43.8403
Average Volume 1,415
200-Day Moving Average 52.94
50-Day Moving Average 54.14
20-Day Moving Average 54.21
10-Day Moving Average 54.56
Average True Range 0.48
RSI (14) 64.91
ADX 14.33
+DI 43.12
-DI 26.41
Chandelier Exit (Long, 3 ATRs) 54.17
Chandelier Exit (Short, 3 ATRs) 53.90
Upper Bollinger Bands 55.50
Lower Bollinger Band 52.91
Percent B (%b) 1.04
BandWidth 4.78
MACD Line 0.29
MACD Signal Line 0.06
MACD Histogram 0.2236
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 55.60
Resistance 3 (R3) 55.60 55.60 55.60
Resistance 2 (R2) 55.60 55.60 55.60 55.60
Resistance 1 (R1) 55.60 55.60 55.60 55.60 55.60
Pivot Point 55.60 55.60 55.60 55.60 55.60
Support 1 (S1) 55.60 55.60 55.60 55.60 55.60
Support 2 (S2) 55.60 55.60 55.60 55.60
Support 3 (S3) 55.60 55.60 55.60
Support 4 (S4) 55.60