Technical Analysis for EDZ - Direxion Emerging Markets Bear 3X Shares
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| F | 9.43 | -0.42% | -0.04 |
EDZ closed down 0.42 percent on Monday, May 6, 2024, on 43 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. The bears made the stock sink to a new 52-week low. 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 | Down | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| New 52 Week Closing Low | Bearish | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| New 52 Week Low | Weakness | 0.00% | |
| Down 3 Days in a Row | Weakness | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| New 52 Week Closing Low | Bearish | -0.42% | |
| New 52 Week Low | Weakness | -0.42% | |
| Gapped Down | Weakness | -0.42% | |
| Oversold Stochastic | Weakness | -0.42% |
| Alert | Time |
|---|---|
| 60 Minute Opening Range Breakdown | about 8 hours ago |
| Possible NR7 | about 8 hours ago |
| 60 Minute Opening Range Breakout | about 11 hours ago |
| Fell Below Previous Day's Low | about 11 hours ago |
| 2x Volume Pace | about 13 hours ago |
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The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the MSCI Emerging Markets IndexSM.
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 is a free float-adjusted market capitalization index that is designed to measure equity market performance in the global emerging markets. The fund is non-diversified.
Keywords: Exchange Traded Fund ETF Exchange Traded Funds MSCI EAFE Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Msci Emerging Markets Index
Classification
Keywords: Exchange Traded Fund ETF Exchange Traded Funds MSCI EAFE Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Msci Emerging Markets Index
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 15.2881 |
| 52 Week Low | 9.43 |
| Average Volume | 93,132 |
| 200-Day Moving Average | 11.84 |
| 50-Day Moving Average | 10.58 |
| 20-Day Moving Average | 10.63 |
| 10-Day Moving Average | 10.29 |
| Average True Range | 0.35 |
| RSI (14) | 32.89 |
| ADX | 15.86 |
| +DI | 23.82 |
| -DI | 41.53 |
| Chandelier Exit (Long, 3 ATRs) | 10.64 |
| Chandelier Exit (Short, 3 ATRs) | 10.49 |
| Upper Bollinger Bands | 11.96 |
| Lower Bollinger Band | 9.31 |
| Percent B (%b) | 0.05 |
| BandWidth | 24.88 |
| MACD Line | -0.24 |
| MACD Signal Line | -0.07 |
| MACD Histogram | -0.1737 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 9.54 | ||||
| Resistance 3 (R3) | 9.55 | 9.52 | 9.52 | ||
| Resistance 2 (R2) | 9.52 | 9.50 | 9.52 | 9.51 | |
| Resistance 1 (R1) | 9.48 | 9.48 | 9.47 | 9.47 | 9.51 |
| Pivot Point | 9.45 | 9.45 | 9.45 | 9.45 | 9.45 |
| Support 1 (S1) | 9.41 | 9.43 | 9.40 | 9.40 | 9.35 |
| Support 2 (S2) | 9.38 | 9.41 | 9.38 | 9.35 | |
| Support 3 (S3) | 9.34 | 9.38 | 9.34 | ||
| Support 4 (S4) | 9.33 |
