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

Grade Last Price % Change Price Change
grade F 21.3 -0.09% -0.02
CHAD closed down 0.09 percent on Tuesday, August 4, 2020, on 1.19 times 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
Historical CHAD trend table...

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
Stochastic Reached Oversold Weakness 0.00%
Down 3 Days in a Row Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Fell Below 20 DMA Bearish -0.09%
Narrow Range Bar Range Contraction -0.09%
Gapped Down Weakness -0.09%
20 DMA Support Bullish -2.78%
Narrow Range Bar Range Contraction -2.78%
Doji - Bullish? Reversal -2.78%

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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 ETF Bear Market ETF Inverse ETF 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

Indicators

Indicator Value
52 Week High 32.37
52 Week Low 21.035
Average Volume 28,564
200-Day Moving Average 27.59
50-Day Moving Average 24.50
20-Day Moving Average 21.86
10-Day Moving Average 22.01
Average True Range 0.44
ADX 35.71
+DI 27.51
-DI 50.44
Chandelier Exit (Long, 3 ATRs ) 21.46
Chandelier Exit (Short, 3 ATRs ) 22.35
Upper Bollinger Band 22.77
Lower Bollinger Band 20.95
Percent B (%b) 0.19
BandWidth 8.34
MACD Line -0.75
MACD Signal Line -0.85
MACD Histogram 0.1069
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 21.69
Resistance 3 (R3) 21.73 21.63 21.63
Resistance 2 (R2) 21.63 21.53 21.62 21.60
Resistance 1 (R1) 21.47 21.47 21.42 21.43 21.58
Pivot Point 21.37 21.37 21.35 21.36 21.37
Support 1 (S1) 21.21 21.27 21.16 21.17 21.02
Support 2 (S2) 21.11 21.21 21.10 21.00
Support 3 (S3) 20.95 21.11 20.98
Support 4 (S4) 20.91