Technical Analysis for CHAU - Direxion Daily CSI 300 China A Share Bull 2X Shares
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| F | 13.64 | 0.00% | 0.00 |
CHAU closed down 1.73 percent on Tuesday, April 23, 2024, on 77 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 price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Hammer Candlestick | Bullish | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| Doji - Bullish? | Reversal | 0.00% | |
| BB Squeeze Ended | Range Expansion | 0.00% | |
| Down 3 Days in a Row | Weakness | 0.00% | |
| Gapped Down | Weakness | 0.00% | |
| Fell Below 20 DMA | Bearish | -1.73% | |
| Fell Below 50 DMA | Bearish | -1.73% | |
| Bollinger Band Squeeze | Range Contraction | -1.73% |
| Alert | Time |
|---|---|
| 2x Volume Pace | about 1 hour ago |
| 1.5x Volume Pace | about 1 hour ago |
| 3x Volume Pace | about 1 hour ago |
| Hammer Candlestick Entry | about 2 hours ago |
| Rose Above Previous Day's High | about 2 hours ago |
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The investment seeks daily investment results, before fees and expenses, of 200% of the performance of the CSI 300 Index.
The fund, under normal circumstances, creates long positions by investing at least 80% of its assets in financial instruments that provide leveraged and unleveraged exposure to the CSI 300 Index ("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.
Keywords: Exchange Traded Fund ETF Stock Market Index Leveraged ETF Ultra ETF Fundamentally Based Indexes Csi Csi 300 Index Shanghai Shenzhen Csi 300 Index
Classification
Keywords: Exchange Traded Fund ETF Stock Market Index Leveraged ETF Ultra ETF Fundamentally Based Indexes Csi Csi 300 Index Shanghai Shenzhen Csi 300 Index
Top 10 Components
| Symbol | Grade | Price % Change | Allocation | |
|---|---|---|---|---|
| ASHR | D | -0.17 | 48.73 |
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 20.9512 |
| 52 Week Low | 11.2472 |
| Average Volume | 147,473 |
| 200-Day Moving Average | 14.79 |
| 50-Day Moving Average | 13.92 |
| 20-Day Moving Average | 13.93 |
| 10-Day Moving Average | 13.77 |
| Average True Range | 0.29 |
| RSI (14) | 45.05 |
| ADX | 10.85 |
| +DI | 35.37 |
| -DI | 42.40 |
| Chandelier Exit (Long, 3 ATRs) | 13.58 |
| Chandelier Exit (Short, 3 ATRs) | 14.10 |
| Upper Bollinger Bands | 14.51 |
| Lower Bollinger Band | 13.35 |
| Percent B (%b) | 0.25 |
| BandWidth | 8.36 |
| MACD Line | -0.04 |
| MACD Signal Line | -0.02 |
| MACD Histogram | -0.0241 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 13.76 | ||||
| Resistance 3 (R3) | 13.75 | 13.70 | 13.74 | ||
| Resistance 2 (R2) | 13.70 | 13.67 | 13.70 | 13.73 | |
| Resistance 1 (R1) | 13.67 | 13.65 | 13.68 | 13.68 | 13.73 |
| Pivot Point | 13.62 | 13.62 | 13.62 | 13.62 | 13.62 |
| Support 1 (S1) | 13.59 | 13.59 | 13.60 | 13.60 | 13.55 |
| Support 2 (S2) | 13.54 | 13.57 | 13.55 | 13.55 | |
| Support 3 (S3) | 13.51 | 13.54 | 13.54 | ||
| Support 4 (S4) | 13.52 |
