Technical Analysis for CHAD - Direxion Daily CSI 300 China A Shares Bear 1X Shares

Grade Last Price % Change Price Change
D 16.84 1.08% 0.18
CHAD closed up 1.08 percent on Friday, February 26, 2021, on approximately normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Strong Down Flat Up
Historical CHAD trend table...

Date Alert Name Type % Chg
Crossed Above 50 DMA Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Weak + Overbought Other 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%
Up 5 Days in a Row Strength 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 1.08%
Pocket Pivot Bullish Swing Setup 1.08%
Older End-of-Day Signals for CHAD ...

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Profile

The investment seeks daily investment results of 100% of the inverse of the performance of the CSI 300 Index. The fund normally creates short positions by investing at least 80% of its assets in: futures contracts; options on securities, indices and futures contracts; equity caps, floors and collars; swap agreements; forward contracts; short positions; reverse repurchase agreements; ETFs; and other financial instruments that, in combination, provide inverse exposure to the index. The index is a modified free-float market capitalization weighted index comprised of the largest and most liquid stocks in the Chinese A-share market. The fund is non-diversified.
Classification

Keywords: Exchange Traded Fund ETF Inverse ETF Bear Market ETF Repurchase Agreement Forward Contract Csi Csi 300 Index Shanghai Shenzhen Csi 300 Index Stoxx Europe 50

Is CHAD 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 32.0
52 Week Low 15.0508
Average Volume 21,680
200-Day Moving Average 20.73
50-Day Moving Average 16.78
20-Day Moving Average 16.01
10-Day Moving Average 15.83
Average True Range 0.27
ADX 29.66
+DI 46.65
-DI 30.05
Chandelier Exit (Long, 3 ATRs ) 16.16
Chandelier Exit (Short, 3 ATRs ) 15.86
Upper Bollinger Band 17.24
Lower Bollinger Band 14.79
Percent B (%b) 0.84
BandWidth 15.28
MACD Line -0.12
MACD Signal Line -0.32
MACD Histogram 0.1983
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 17.11
Resistance 3 (R3) 17.09 16.99 17.07
Resistance 2 (R2) 16.99 16.92 17.00 17.05
Resistance 1 (R1) 16.91 16.88 16.95 16.93 17.03
Pivot Point 16.81 16.81 16.83 16.82 16.81
Support 1 (S1) 16.73 16.74 16.77 16.75 16.65
Support 2 (S2) 16.63 16.70 16.64 16.63
Support 3 (S3) 16.55 16.63 16.62
Support 4 (S4) 16.57