Technical Analysis for EDZ - Direxion Emerging Markets Bear 3X Shares
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| D | 10.42 | -3.47% | -0.38 |
EDZ closed down 3.47 percent on Friday, April 26, 2024, on 43 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 stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Fell Below 20 DMA | Bearish | 0.00% | |
| Fell Below 50 DMA | Bearish | 0.00% | |
| MACD Bearish Signal Line Cross | Bearish | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| Down 3 Days in a Row | Weakness | 0.00% | |
| Down 4 Days in a Row | Weakness | 0.00% | |
| Down 5 Days in a Row | Weakness | 0.00% | |
| Gapped Down | Weakness | 0.00% | |
| Gapped Up | Strength | -3.47% |
| Alert | Time |
|---|---|
| 60 Minute Opening Range Breakdown | about 6 hours ago |
| Possible NR7 | about 7 hours ago |
| Gapped Down (Full) | about 12 hours ago |
| Down 3% | about 12 hours ago |
| Fell Below 50 DMA | about 12 hours ago |
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The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the MSCI Emerging Markets IndexSM.
The fund, under normal circumstances, creates short positions by investing at least 80% of its assets in financial instruments that, in combination, 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 Inverse ETF Bear Market ETF Msci Emerging Markets Index
Classification
Keywords: Exchange Traded Fund ETF Exchange Traded Funds MSCI EAFE Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Msci Emerging Markets Index
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 15.2881 |
| 52 Week Low | 9.7722 |
| Average Volume | 100,935 |
| 200-Day Moving Average | 11.86 |
| 50-Day Moving Average | 10.69 |
| 20-Day Moving Average | 10.73 |
| 10-Day Moving Average | 11.14 |
| Average True Range | 0.34 |
| RSI (14) | 42.86 |
| ADX | 14.88 |
| +DI | 32.09 |
| -DI | 35.09 |
| Chandelier Exit (Long, 3 ATRs) | 10.68 |
| Chandelier Exit (Short, 3 ATRs) | 10.94 |
| Upper Bollinger Bands | 11.77 |
| Lower Bollinger Band | 9.69 |
| Percent B (%b) | 0.35 |
| BandWidth | 19.41 |
| MACD Line | 0.07 |
| MACD Signal Line | 0.09 |
| MACD Histogram | -0.0242 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 10.61 | ||||
| Resistance 3 (R3) | 10.63 | 10.59 | 10.58 | ||
| Resistance 2 (R2) | 10.59 | 10.54 | 10.58 | 10.57 | |
| Resistance 1 (R1) | 10.51 | 10.51 | 10.48 | 10.48 | 10.56 |
| Pivot Point | 10.46 | 10.46 | 10.45 | 10.45 | 10.46 |
| Support 1 (S1) | 10.38 | 10.41 | 10.36 | 10.36 | 10.28 |
| Support 2 (S2) | 10.33 | 10.38 | 10.32 | 10.27 | |
| Support 3 (S3) | 10.25 | 10.33 | 10.26 | ||
| Support 4 (S4) | 10.23 |
