Technical Analysis for BRZU - Direxion Daily Brazil Bull 3X Shares
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| D | 84.43 | 3.18% | 2.60 |
BRZU closed up 3.18 percent on Friday, May 3, 2024, on 1.36 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. Its advance stalled at its 200 day moving average, an important long-term support / resistance line. 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 | Down | Flat | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 200 DMA Resistance | Bearish | 0.00% | |
| Crossed Above 50 DMA | Bullish | 0.00% | |
| Pocket Pivot | Bullish Swing Setup | 0.00% | |
| Stochastic Reached Overbought | Strength | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Up 3 Days in a Row | Strength | 0.00% | |
| Crossed Above 20 DMA | Bullish | 3.18% | |
| Narrow Range Bar | Range Contraction | 3.18% | |
| Gapped Up | Strength | 3.18% |
| Alert | Time |
|---|---|
| 50 DMA Support | 3 days ago |
| 60 Minute Opening Range Breakdown | 3 days ago |
| 50 DMA Resistance | 3 days ago |
| 2x Volume Pace | 3 days ago |
| 1.5x Volume Pace | 3 days ago |
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Basic chart:
The investment seeks daily investment results, before fees and expenses, of 300% of the performance of the MSCI Brazil 25/50 Index.
The fund, under normal circumstances, creates long positions by investing at least 80% of its assets in the securities that comprise the index and/or financial instruments that provide leveraged and unleveraged exposure to the index. The index is designed to measure the performance of the large and mid cap segments of the Brazil equity market, covering approximately 85% of the free float-adjusted market capitalization in Brazil. The fund is non-diversified.
Keywords: Exchange Traded Fund ETF Leveraged ETF Ultra ETF
Classification
Keywords: Exchange Traded Fund ETF Leveraged ETF Ultra ETF
Top 10 Components
| Symbol | Grade | Price % Change | Allocation | |
|---|---|---|---|---|
| EWZ | C | 1.67 | 35.46 |
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 104.9682 |
| 52 Week Low | 64.6715 |
| Average Volume | 30,297 |
| 200-Day Moving Average | 85.17 |
| 50-Day Moving Average | 84.24 |
| 20-Day Moving Average | 79.73 |
| 10-Day Moving Average | 79.77 |
| Average True Range | 3.04 |
| RSI (14) | 56.33 |
| ADX | 16.66 |
| +DI | 32.01 |
| -DI | 27.32 |
| Chandelier Exit (Long, 3 ATRs) | 79.78 |
| Chandelier Exit (Short, 3 ATRs) | 81.64 |
| Upper Bollinger Bands | 87.69 |
| Lower Bollinger Band | 71.78 |
| Percent B (%b) | 0.8 |
| BandWidth | 19.95 |
| MACD Line | -0.86 |
| MACD Signal Line | -1.76 |
| MACD Histogram | 0.9045 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 86.95 | ||||
| Resistance 3 (R3) | 87.00 | 86.22 | 86.53 | ||
| Resistance 2 (R2) | 86.22 | 85.58 | 86.19 | 86.39 | |
| Resistance 1 (R1) | 85.32 | 85.18 | 84.93 | 85.27 | 86.25 |
| Pivot Point | 84.54 | 84.54 | 84.34 | 84.51 | 84.54 |
| Support 1 (S1) | 83.64 | 83.89 | 83.25 | 83.59 | 82.61 |
| Support 2 (S2) | 82.86 | 83.50 | 82.83 | 82.47 | |
| Support 3 (S3) | 81.96 | 82.86 | 82.33 | ||
| Support 4 (S4) | 81.91 |
