Technical Analysis for NAIL - Direxion Daily Homebuilders & Supplies Bull 3X Shares
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| D | 116.53 | 5.23% | 5.79 |
NAIL closed up 5.23 percent on Friday, May 3, 2024, on 1.83 times normal volume. It ran into resistance at its 50 day moving average. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Down | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 50 DMA Resistance | Bearish | 0.00% | |
| Shooting Star Candlestick | Bearish | 0.00% | |
| Lizard Bearish | Bearish Day Trade Setup | 0.00% | |
| Crossed Above 20 DMA | Bullish | 0.00% | |
| Pocket Pivot | Bullish Swing Setup | 0.00% | |
| Multiple of Ten Bearish | Other | 0.00% | |
| Wide Bands | Range Expansion | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Up 3 Days in a Row | Strength | 0.00% | |
| MACD Bullish Signal Line Cross | Bullish | 5.23% |
| Alert | Time |
|---|---|
| 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 |
| 3x Volume Pace | 3 days ago |
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The investment seeks daily investment results of 300% of the performance of the Dow Jones U.S. Select Home Construction Index.
The fund normally 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 measures U.S. companies in the home construction sector that provide a wide range of products and services related to homebuilding, including home construction and producers, sellers and suppliers of building materials, furnishings and fixtures and also home improvement retailers. The fund is non-diversified.
Keywords: Exchange Traded Fund ETF Leveraged ETF Ultra ETF Building Materials Home Improvement Retailer Improvement Retailers Dow Jones U.S. Select Home Construction Index
Classification
Keywords: Exchange Traded Fund ETF Leveraged ETF Ultra ETF Building Materials Home Improvement Retailer Improvement Retailers Dow Jones U.S. Select Home Construction Index
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 153.37 |
| 52 Week Low | 39.9714 |
| Average Volume | 199,508 |
| 200-Day Moving Average | 89.92 |
| 50-Day Moving Average | 123.97 |
| 20-Day Moving Average | 112.58 |
| 10-Day Moving Average | 110.05 |
| Average True Range | 8.58 |
| RSI (14) | 50.50 |
| ADX | 19.58 |
| +DI | 28.00 |
| -DI | 23.97 |
| Chandelier Exit (Long, 3 ATRs) | 116.39 |
| Chandelier Exit (Short, 3 ATRs) | 125.03 |
| Upper Bollinger Bands | 129.97 |
| Lower Bollinger Band | 95.19 |
| Percent B (%b) | 0.61 |
| BandWidth | 30.90 |
| MACD Line | -4.12 |
| MACD Signal Line | -4.91 |
| MACD Histogram | 0.7925 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 130.79 | ||||
| Resistance 3 (R3) | 132.38 | 129.20 | 128.42 | ||
| Resistance 2 (R2) | 129.20 | 125.57 | 128.41 | 127.62 | |
| Resistance 1 (R1) | 122.87 | 123.33 | 121.28 | 121.28 | 126.83 |
| Pivot Point | 119.69 | 119.69 | 118.90 | 118.90 | 119.69 |
| Support 1 (S1) | 113.36 | 116.06 | 111.77 | 111.78 | 106.23 |
| Support 2 (S2) | 110.18 | 113.82 | 109.39 | 105.44 | |
| Support 3 (S3) | 103.85 | 110.18 | 104.64 | ||
| Support 4 (S4) | 102.27 |
