Technical Analysis for TECS - Direxion Technology Bear 3X Shares

Grade Last Price % Change Price Change
F 8.00 -3.73% -0.31
TECS closed down 3.73 percent on Monday, May 6, 2024, on 76 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 0.00%
Down 3 Days in a Row Weakness 0.00%
Gapped Down Weakness 0.00%
Fell Below 20 DMA Bearish -3.73%
MACD Bearish Signal Line Cross Bearish -3.73%
Narrow Range Bar Range Contraction -3.73%
Doji - Bullish? Reversal -3.73%
Gapped Down Weakness -3.73%
Shooting Star Candlestick Bearish -11.60%
Doji - Bearish? Reversal -11.60%

   Recent Intraday Alerts

Alert Time
Down 3% about 3 hours ago
60 Minute Opening Range Breakdown about 4 hours ago
Possible NR7 about 4 hours ago
Fell Below 50 DMA about 7 hours ago
50 DMA Support about 8 hours ago

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Profile

The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the Technology Select Sector Index. 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 includes domestic companies from the following industries: computers & peripherals; software; diversified telecommunications services; communications equipment; semiconductors & seminconductor equipment; internet software & services; IT services; etc. The fund is non-diversified.
Classification

Keywords: Exchange Traded Fund ETF Private Equity Leveraged ETF Ultra ETF Semiconductor Inverse ETF Bear Market ETF Communications Equipment Telecommunications Service Internet Software Technology Select Sector Index Seminconductor Equipment

Is TECS 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 21.1355
52 Week Low 7.25
Average Volume 13,626,253
200-Day Moving Average 11.21
50-Day Moving Average 8.12
20-Day Moving Average 8.68
10-Day Moving Average 8.81
Average True Range 0.45
RSI (14) 43.18
ADX 17.46
+DI 26.87
-DI 29.85
Chandelier Exit (Long, 3 ATRs) 8.42
Chandelier Exit (Short, 3 ATRs) 8.94
Upper Bollinger Bands 9.81
Lower Bollinger Band 7.56
Percent B (%b) 0.19
BandWidth 25.81
MACD Line 0.15
MACD Signal Line 0.24
MACD Histogram -0.0988
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 8.36
Resistance 3 (R3) 8.40 8.32 8.30
Resistance 2 (R2) 8.32 8.23 8.30 8.28
Resistance 1 (R1) 8.16 8.17 8.12 8.12 8.26
Pivot Point 8.08 8.08 8.06 8.06 8.08
Support 1 (S1) 7.92 7.99 7.88 7.88 7.74
Support 2 (S2) 7.84 7.93 7.82 7.72
Support 3 (S3) 7.68 7.84 7.70
Support 4 (S4) 7.64