Technical Analysis for CWEB - Direxion Daily CSI China Internet Index Bull 2X Shares

Grade Last Price % Change Price Change
grade B 51.88 2.73% 1.38
CWEB closed up 2.73 percent on Tuesday, August 4, 2020, on 65 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up
Historical CWEB trend table...

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
Stochastic Reached Overbought Strength 0.00%
BB Squeeze Ended Range Expansion 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Bollinger Band Squeeze Range Contraction 2.73%
Multiple of Ten Bullish Other 2.73%
Gapped Up Strength 2.73%
Crossed Above 20 DMA Bullish 8.40%

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Profile

The Direxion Daily CSI China Internet Index Bull 2x Shares seeks daily investment results, before fees and expenses, of 200% of the performance of the CSI Overseas China Internet Index.
Exchange Traded Fund ETF Exchange Traded Funds Leveraged ETF Ultra ETF Inverse Exchange Traded Fund Internet Index American Television Series Television Series

Is CWEB 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 54.55
52 Week Low 17.0
Average Volume 98,983
200-Day Moving Average 30.57
50-Day Moving Average 41.75
20-Day Moving Average 48.11
10-Day Moving Average 47.14
Average True Range 2.25
ADX 21.69
+DI 45.82
-DI 28.17
Chandelier Exit (Long, 3 ATRs ) 47.80
Chandelier Exit (Short, 3 ATRs ) 49.22
Upper Bollinger Band 53.31
Lower Bollinger Band 42.90
Percent B (%b) 0.86
BandWidth 21.64
MACD Line 1.87
MACD Signal Line 1.89
MACD Histogram -0.0205
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 53.17
Resistance 3 (R3) 53.09 52.57 52.96
Resistance 2 (R2) 52.57 52.24 52.62 52.88
Resistance 1 (R1) 52.23 52.04 52.40 52.31 52.81
Pivot Point 51.71 51.71 51.80 51.76 51.71
Support 1 (S1) 51.37 51.38 51.54 51.45 50.95
Support 2 (S2) 50.85 51.18 50.90 50.88
Support 3 (S3) 50.51 50.85 50.81
Support 4 (S4) 50.59