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

Grade Last Price % Change Price Change
grade F 34.71 0.56% 0.20
CHAD closed up 0.56 percent on Friday, February 15, 2019, on 66 percent of normal volume. 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.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Down Down Down
See historical CHAD trend table...

Date Alert Name Type % Chg
Feb 15 Narrow Range Bar Range Contraction 0.00%
Feb 15 Oversold Stochastic Weakness 0.00%
Feb 14 New Downtrend Bearish 0.56%
Feb 14 Lower Bollinger Band Walk Weakness 0.56%
Feb 14 Below Lower BB Weakness 0.56%
Feb 14 Down 3 Days in a Row Weakness 0.56%
Feb 14 Down 4 Days in a Row Weakness 0.56%
Feb 14 Lower Bollinger Band Touch Weakness 0.56%
Feb 14 Oversold Stochastic Weakness 0.56%
Feb 13 Lizard Bullish Bullish Day Trade Setup 0.35%

Older 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.
Exchange Traded Fund Futures Contract Short Stoxx Europe 50 Shanghai Shenzhen Csi 300 Index
Is CHAD a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 41.12
52 Week Low 29.15
Average Volume 14,759
200-Day Moving Average 36.3007
50-Day Moving Average 37.6291
20-Day Moving Average 36.1035
10-Day Moving Average 35.505
Average True Range 0.4935
ADX 26.84
+DI 22.4249
-DI 49.2314
Chandelier Exit (Long, 3 ATRs ) 36.2695
Chandelier Exit (Short, 3 ATRs ) 35.8405
Upper Bollinger Band 37.817
Lower Bollinger Band 34.39
Percent B (%b) 0.09
BandWidth 9.492155
MACD Line -0.8126
MACD Signal Line -0.7032
MACD Histogram -0.1094
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 34.95
Resistance 3 (R3) 34.98 34.92 34.91
Resistance 2 (R2) 34.92 34.86 34.91 34.90
Resistance 1 (R1) 34.82 34.82 34.79 34.79 34.88
Pivot Point 34.76 34.76 34.75 34.75 34.76
Support 1 (S1) 34.66 34.70 34.63 34.63 34.54
Support 2 (S2) 34.60 34.66 34.59 34.52
Support 3 (S3) 34.50 34.60 34.51
Support 4 (S4) 34.47