Technical Analysis for EDZ - Direxion Emerging Markets Bear 3X Shares

Grade Last Price % Change Price Change
grade F 25.46 -7.75% -2.14
EDZ closed down 7.75 percent on Friday, June 5, 2020, on 1.41 times 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 bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down
Historical EDZ trend table...

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
Lizard Bullish Bullish Day Trade Setup 0.00%
Narrow Range Bar Range Contraction 0.00%
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Doji - Bullish? Reversal 0.00%
Lower Bollinger Band Walk Weakness 0.00%
New 52 Week Low Weakness 0.00%
Wide Bands Range Expansion 0.00%
Below Lower BB Weakness 0.00%

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Profile

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.
Exchange Traded Fund ETF Exchange Traded Funds Index Leveraged ETF Ultra ETF Msci Eafe Bear Market ETF Inverse ETF Msci International Em Price Index Usd Real Time

Is EDZ 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 77.63
52 Week Low 24.92
Average Volume 510,900
200-Day Moving Average 41.64
50-Day Moving Average 39.28
20-Day Moving Average 33.61
10-Day Moving Average 31.14
Average True Range 2.51
ADX 26.83
+DI 18.08
-DI 48.09
Chandelier Exit (Long, 3 ATRs ) 32.59
Chandelier Exit (Short, 3 ATRs ) 32.44
Upper Bollinger Band 41.19
Lower Bollinger Band 26.03
Percent B (%b) -0.04
BandWidth 45.08
MACD Line -3.47
MACD Signal Line -2.79
MACD Histogram -0.6762
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 26.50
Resistance 3 (R3) 26.43 26.02 26.32
Resistance 2 (R2) 26.02 25.76 26.05 26.26
Resistance 1 (R1) 25.74 25.59 25.54 25.81 26.21
Pivot Point 25.33 25.33 25.23 25.36 25.33
Support 1 (S1) 25.05 25.07 24.85 25.12 24.71
Support 2 (S2) 24.64 24.90 24.67 24.66
Support 3 (S3) 24.36 24.64 24.60
Support 4 (S4) 24.43