Technical Analysis for YANG - Direxion Daily China Bear 3x Shares
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| F | 7.77 | 0.52% | 0.04 |
YANG closed up 0.52 percent on Monday, May 6, 2024, on 1.25 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Down | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Calm After Storm | Range Contraction | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| NR7-2 | Range Contraction | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| Wide Bands | Range Expansion | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| New Downtrend | Bearish | 0.52% | |
| Calm After Storm | Range Contraction | 0.52% | |
| NR7 | Range Contraction | 0.52% | |
| Narrow Range Bar | Range Contraction | 0.52% |
| Alert | Time |
|---|---|
| Possible NR7 | about 10 hours ago |
| 2x Volume Pace | about 14 hours ago |
| 1.5x Volume Pace | about 14 hours ago |
| 3x Volume Pace | about 14 hours ago |
| Up 1% | about 14 hours ago |
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Basic chart:
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the BNY China Select ADR Index.
The fund 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 capitalization-weighted index designed by the BNY Mellon to track the performance of a basket of companies who have their primary equity listing on a Chinese stock exchange or that also have depositary receipts that trade on a U.S. exchange or on the NASDAQ. The fund is non-diversified.
Keywords: Exchange Traded Fund ETF Stock Market Index Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Capitalization Weighted Index The Bank Of New York Mellon
Classification
Keywords: Exchange Traded Fund ETF Stock Market Index Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Capitalization Weighted Index The Bank Of New York Mellon
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 18.9947 |
| 52 Week Low | 7.257 |
| Average Volume | 4,300,663 |
| 200-Day Moving Average | 11.79 |
| 50-Day Moving Average | 11.22 |
| 20-Day Moving Average | 10.34 |
| 10-Day Moving Average | 9.15 |
| Average True Range | 0.57 |
| RSI (14) | 26.47 |
| ADX | 27.0 |
| +DI | 15.82 |
| -DI | 51.25 |
| Chandelier Exit (Long, 3 ATRs) | 10.59 |
| Chandelier Exit (Short, 3 ATRs) | 9.32 |
| Upper Bollinger Bands | 13.17 |
| Lower Bollinger Band | 7.52 |
| Percent B (%b) | 0.04 |
| BandWidth | 54.60 |
| MACD Line | -0.96 |
| MACD Signal Line | -0.66 |
| MACD Histogram | -0.2929 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 8.13 | ||||
| Resistance 3 (R3) | 8.12 | 7.99 | 8.07 | ||
| Resistance 2 (R2) | 7.99 | 7.90 | 7.99 | 8.05 | |
| Resistance 1 (R1) | 7.88 | 7.84 | 7.93 | 7.89 | 8.03 |
| Pivot Point | 7.75 | 7.75 | 7.78 | 7.76 | 7.75 |
| Support 1 (S1) | 7.64 | 7.66 | 7.70 | 7.65 | 7.51 |
| Support 2 (S2) | 7.52 | 7.61 | 7.52 | 7.49 | |
| Support 3 (S3) | 7.41 | 7.52 | 7.47 | ||
| Support 4 (S4) | 7.41 |
