Technical Analysis for CHAU - Direxion Daily CSI 300 China A Share Bull 2X Shares

Grade Last Price % Change Price Change
grade A 30.92 0.59% 0.18
CHAU closed up 0.59 percent on Wednesday, August 5, 2020, on 76 percent of normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. 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 Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up
Historical CHAU trend table...

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Lizard Bearish Bearish Day Trade Setup 0.00%
Narrow Range Bar Range Contraction 0.00%
Stochastic Reached Overbought Strength 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%
Outside Day Range Expansion 0.59%
Up 3 Days in a Row Strength 0.59%

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Profile

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.
Exchange Traded Fund ETF Stock Market Index Leveraged ETF Ultra ETF Fundamentally Based Indexes Capitalism Shanghai Shenzhen Csi 300 Index

Is CHAU 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 32.08
52 Week Low 15.9202
Average Volume 298,732
200-Day Moving Average 22.23
50-Day Moving Average 25.15
20-Day Moving Average 29.51
10-Day Moving Average 29.10
Average True Range 1.05
ADX 30.08
+DI 48.37
-DI 28.46
Chandelier Exit (Long, 3 ATRs ) 28.94
Chandelier Exit (Short, 3 ATRs ) 30.15
Upper Bollinger Band 32.12
Lower Bollinger Band 26.91
Percent B (%b) 0.77
BandWidth 17.67
MACD Line 1.27
MACD Signal Line 1.35
MACD Histogram -0.0776
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 31.48
Resistance 3 (R3) 31.53 31.40 31.38
Resistance 2 (R2) 31.40 31.26 31.37 31.35
Resistance 1 (R1) 31.16 31.17 31.10 31.11 31.32
Pivot Point 31.03 31.03 31.00 31.00 31.03
Support 1 (S1) 30.79 30.89 30.73 30.74 30.52
Support 2 (S2) 30.66 30.80 30.63 30.49
Support 3 (S3) 30.42 30.66 30.46
Support 4 (S4) 30.37