Technical Analysis for CHAU - Direxion Daily CSI 300 China A Share Bull 2X Shares
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| A | 23.96 | 10.36% | 2.25 |
CHAU closed up 10.36 percent on Friday, October 4, 2024, on 10.76 times normal volume. The bulls were able to push the stock to a new 52-week high. 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.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| New 52 Week Closing High | Bullish | 0.00% | |
| Expansion Breakout | Bullish Swing Setup | 0.00% | |
| Pocket Pivot | Bullish Swing Setup | 0.00% | |
| Volume Surge | Other | 0.00% | |
| New 52 Week High | Strength | 0.00% | |
| Parabolic Rise | Strength | 0.00% | |
| Upper Bollinger Band Walk | Strength | 0.00% | |
| Wide Bands | Range Expansion | 0.00% | |
| Above Upper BB | Strength | 0.00% | |
| Gapped Up | Strength | 0.00% |
| Alert | Time |
|---|---|
| Possible Pocket Pivot | about 22 hours ago |
| 60 Minute Opening Range Breakout | about 23 hours ago |
| Up 2 ATRs | about 23 hours ago |
| 2x Volume Pace | about 24 hours ago |
| 1.5x Volume Pace | about 24 hours ago |
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Basic chart:
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 | A | 5.26 | 45.46 |
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 24.0 |
| 52 Week Low | 11.1445 |
| Average Volume | 456,489 |
| 200-Day Moving Average | 13.48 |
| 50-Day Moving Average | 13.45 |
| 20-Day Moving Average | 14.76 |
| 10-Day Moving Average | 17.85 |
| Average True Range | 0.95 |
| RSI (14) | 89.02 |
| ADX | 47.87 |
| +DI | 74.74 |
| -DI | 4.93 |
| Chandelier Exit (Long, 3 ATRs) | 21.16 |
| Chandelier Exit (Short, 3 ATRs) | 14.32 |
| Upper Bollinger Bands | 22.93 |
| Lower Bollinger Band | 6.60 |
| Percent B (%b) | 1.06 |
| BandWidth | 110.65 |
| MACD Line | 2.50 |
| MACD Signal Line | 1.32 |
| MACD Histogram | 1.1819 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 25.72 | ||||
| Resistance 3 (R3) | 25.53 | 24.77 | 25.42 | ||
| Resistance 2 (R2) | 24.77 | 24.32 | 24.86 | 25.32 | |
| Resistance 1 (R1) | 24.36 | 24.04 | 24.57 | 24.55 | 25.23 |
| Pivot Point | 23.60 | 23.60 | 23.70 | 23.69 | 23.60 |
| Support 1 (S1) | 23.19 | 23.15 | 23.40 | 23.38 | 22.69 |
| Support 2 (S2) | 22.43 | 22.87 | 22.52 | 22.60 | |
| Support 3 (S3) | 22.02 | 22.43 | 22.50 | ||
| Support 4 (S4) | 22.21 |
