Technical Analysis for KORU - Direxion Daily South Korea Bull 3X Shares
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 8.59 | 2.87% | 0.24 |
KORU closed up 2.87 percent on Monday, May 6, 2024, on 41 percent of normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. 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 |
|---|---|---|---|
| Crossed Above 50 DMA | Bullish | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| Gapped Up | 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% | |
| Stochastic Reached Overbought | Strength | 2.87% | |
| Gapped Up | Strength | 2.87% | |
| Overbought Stochastic | Strength | 2.87% | |
| Up 3 Days in a Row | Strength | 2.87% |
| Alert | Time |
|---|---|
| 50 DMA Resistance | about 7 hours ago |
| Rose Above 50 DMA | about 8 hours ago |
| Up 2% | about 8 hours ago |
| Rose Above Previous Day's High | about 8 hours ago |
| Up 1% | about 8 hours ago |
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The investment seeks daily investment results, before fees and expenses, of 300% of the performance of the MSCI Korea 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 South Korea equity market, covering approximately 85% of the free float-adjusted market capitalization in South Korea. The fund is non-diversified.
Keywords: Exchange Traded Fund ETF Exchange Traded Funds MSCI EAFE Leveraged ETF Ultra ETF Msci Kld 400 Social Index Msci Kokusai Index Msci Korea
Classification
Keywords: Exchange Traded Fund ETF Exchange Traded Funds MSCI EAFE Leveraged ETF Ultra ETF Msci Kld 400 Social Index Msci Kokusai Index Msci Korea
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 11.0261 |
| 52 Week Low | 5.2606 |
| Average Volume | 431,916 |
| 200-Day Moving Average | 7.98 |
| 50-Day Moving Average | 8.53 |
| 20-Day Moving Average | 7.73 |
| 10-Day Moving Average | 7.88 |
| Average True Range | 0.39 |
| RSI (14) | 57.81 |
| ADX | 16.31 |
| +DI | 35.03 |
| -DI | 29.82 |
| Chandelier Exit (Long, 3 ATRs) | 7.93 |
| Chandelier Exit (Short, 3 ATRs) | 7.96 |
| Upper Bollinger Bands | 8.76 |
| Lower Bollinger Band | 6.71 |
| Percent B (%b) | 0.92 |
| BandWidth | 26.47 |
| MACD Line | -0.10 |
| MACD Signal Line | -0.25 |
| MACD Histogram | 0.1481 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 8.84 | ||||
| Resistance 3 (R3) | 8.82 | 8.71 | 8.80 | ||
| Resistance 2 (R2) | 8.71 | 8.64 | 8.72 | 8.78 | |
| Resistance 1 (R1) | 8.65 | 8.61 | 8.68 | 8.67 | 8.77 |
| Pivot Point | 8.54 | 8.54 | 8.56 | 8.55 | 8.54 |
| Support 1 (S1) | 8.48 | 8.48 | 8.51 | 8.51 | 8.41 |
| Support 2 (S2) | 8.38 | 8.44 | 8.39 | 8.40 | |
| Support 3 (S3) | 8.32 | 8.38 | 8.38 | ||
| Support 4 (S4) | 8.34 |
