Technical Analysis for WEBS - Direxion Daily Dow Jones Internet Bear 3X Shares
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| F | 6.31 | -4.39% | -0.29 |
WEBS closed down 4.39 percent on Monday, May 6, 2024, on 70 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 stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. 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 |
|---|---|---|---|
| Fell Below 50 DMA | Bearish | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Stochastic Reached Oversold | Weakness | 0.00% | |
| Down 3 Days in a Row | Weakness | 0.00% | |
| Down 4 Days in a Row | Weakness | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| 50 DMA Support | Bullish | -4.39% | |
| Down 3 Days in a Row | Weakness | -4.39% | |
| Gapped Down | Weakness | -4.39% | |
| Fell Below 20 DMA | Bearish | -5.68% |
| Alert | Time |
|---|---|
| Down 3% | about 8 hours ago |
| Possible NR7 | about 9 hours ago |
| 50 DMA Resistance | about 11 hours ago |
| 60 Minute Opening Range Breakdown | about 12 hours ago |
| Fell Below Previous Day's Low | about 12 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 daily performance of the Dow Jones Internet Composite Index. The fund, under normal circumstances, invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund's net assets. The index includes companies that generate at least 50% of their annual sales/revenue from the internet as determined by the index provider. It is non-diversified.
Keywords: Exchange Traded Fund ETF Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Internet Composite Index
Classification
Keywords: Exchange Traded Fund ETF Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Internet Composite Index
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 20.6141 |
| 52 Week Low | 5.9477 |
| Average Volume | 618,582 |
| 200-Day Moving Average | 9.93 |
| 50-Day Moving Average | 6.57 |
| 20-Day Moving Average | 6.81 |
| 10-Day Moving Average | 6.85 |
| Average True Range | 0.41 |
| RSI (14) | 42.86 |
| ADX | 14.37 |
| +DI | 23.49 |
| -DI | 26.98 |
| Chandelier Exit (Long, 3 ATRs) | 6.56 |
| Chandelier Exit (Short, 3 ATRs) | 7.22 |
| Upper Bollinger Bands | 7.61 |
| Lower Bollinger Band | 6.01 |
| Percent B (%b) | 0.19 |
| BandWidth | 23.46 |
| MACD Line | 0.03 |
| MACD Signal Line | 0.10 |
| MACD Histogram | -0.0706 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 6.69 | ||||
| Resistance 3 (R3) | 6.74 | 6.65 | 6.63 | ||
| Resistance 2 (R2) | 6.65 | 6.55 | 6.63 | 6.61 | |
| Resistance 1 (R1) | 6.48 | 6.49 | 6.44 | 6.44 | 6.59 |
| Pivot Point | 6.40 | 6.40 | 6.37 | 6.37 | 6.40 |
| Support 1 (S1) | 6.23 | 6.30 | 6.18 | 6.18 | 6.03 |
| Support 2 (S2) | 6.14 | 6.24 | 6.12 | 6.01 | |
| Support 3 (S3) | 5.97 | 6.14 | 5.99 | ||
| Support 4 (S4) | 5.93 |
