Technical Analysis for EDC - Direxion Emerging Markets Bull 3X Shares
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| D | 27.07 | -1.42% | -0.39 |
EDC closed down 1.42 percent on Friday, April 19, 2024, on 60 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. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| NR7 | Range Contraction | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| Gapped Down | Weakness | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| 200 DMA Resistance | Bearish | -1.42% | |
| Slingshot Bearish | Bearish Swing Setup | -1.42% | |
| Stochastic Buy Signal | Bullish | -1.42% | |
| Lower Bollinger Band Walk | Weakness | -1.42% | |
| Gapped Up | Strength | -1.42% | |
| Oversold Stochastic | Weakness | -1.42% |
| Alert | Time |
|---|---|
| Possible NR7 | about 18 hours ago |
| Fell Below Lower Bollinger Band | about 20 hours ago |
| 60 Minute Opening Range Breakdown | about 20 hours ago |
| Down 2 % | about 20 hours ago |
| Slingshot Bearish Entry | about 22 hours ago |
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Basic chart:
The investment seeks daily investment results, before fees and expenses, of 300% of the performance of the MSCI Emerging Markets IndexSM.
The fund, under normal circumstances, creates long positions by investing at least 80% of its assets in the securities that comprise the MSCI Emerging Markets IndexSM ("index") and/or financial instruments that provide leveraged and unleveraged exposure to the index. The index is a free float-adjusted market capitalization index that is designed to measure equity market performance in the global emerging markets. The fund is non-diversified.
Keywords: Exchange Traded Fund ETF Exchange Traded Funds MSCI EAFE Leveraged ETF Ultra ETF Emerging Market Msci Emerging Markets Index
Classification
Keywords: Exchange Traded Fund ETF Exchange Traded Funds MSCI EAFE Leveraged ETF Ultra ETF Emerging Market Msci Emerging Markets Index
Top 10 Components
| Symbol | Grade | Price % Change | Allocation | |
|---|---|---|---|---|
| EEMA | B | -0.71 | 15.12 |
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 34.8047 |
| 52 Week Low | 21.5985 |
| Average Volume | 67,669 |
| 200-Day Moving Average | 27.75 |
| 50-Day Moving Average | 29.43 |
| 20-Day Moving Average | 29.69 |
| 10-Day Moving Average | 29.07 |
| Average True Range | 0.93 |
| RSI (14) | 35.06 |
| ADX | 17.83 |
| +DI | 24.12 |
| -DI | 38.71 |
| Chandelier Exit (Long, 3 ATRs) | 29.21 |
| Chandelier Exit (Short, 3 ATRs) | 29.62 |
| Upper Bollinger Bands | 32.59 |
| Lower Bollinger Band | 26.80 |
| Percent B (%b) | 0.05 |
| BandWidth | 19.52 |
| MACD Line | -0.58 |
| MACD Signal Line | -0.09 |
| MACD Histogram | -0.4822 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 27.70 | ||||
| Resistance 3 (R3) | 27.69 | 27.47 | 27.60 | ||
| Resistance 2 (R2) | 27.47 | 27.31 | 27.48 | 27.56 | |
| Resistance 1 (R1) | 27.27 | 27.21 | 27.16 | 27.28 | 27.53 |
| Pivot Point | 27.05 | 27.05 | 26.99 | 27.05 | 27.05 |
| Support 1 (S1) | 26.85 | 26.89 | 26.74 | 26.86 | 26.61 |
| Support 2 (S2) | 26.63 | 26.79 | 26.63 | 26.58 | |
| Support 3 (S3) | 26.43 | 26.63 | 26.54 | ||
| Support 4 (S4) | 26.44 |
