Technical Analysis for GASX - Direxion Daily Natural Gas Related Bear 3X Shares

Grade Last Price % Change Price Change
grade F 29.63 -7.55% -2.42
GASX closed down 7.55 percent on Monday, March 18, 2019, on approximately normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Up Down Down
See historical GASX trend table...

Date Alert Name Type % Chg
Mar 18 MACD Bearish Signal Line Cross Bearish 0.00%
Mar 18 Stochastic Reached Oversold Weakness 0.00%
Mar 18 Multiple of Ten Bearish Other 0.00%
Mar 18 Gapped Down Weakness 0.00%
Mar 18 Oversold Stochastic Weakness 0.00%
Mar 15 20 DMA Resistance Bearish -7.55%
Mar 15 Narrow Range Bar Range Contraction -7.55%
Mar 15 Gapped Up Strength -7.55%
Mar 14 Narrow Range Bar Range Contraction -5.63%
Mar 14 NR7 Range Contraction -5.63%

Older signals for GASX ...

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Profile
The investment seeks daily investment results, net of expenses, of 300% of the inverse of the performance of the ISE-REVERE Natural Gas IndexTM. The fund creates short positions by investing at least 80% of assets in: futures contracts; options on securities, indices and futures contracts; equity caps, floors and collars; swap agreements; forward contracts; short positions; reverse repurchase agreements; ETFs; and other financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The index is composed of equity securities of issuers involved in the exploration and production of natural gas. The fund is non-diversified.
Exchange Traded Funds Natural Gas Futures Contract Short
Is GASX a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 1 bullish, 2 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 79.35
52 Week Low 14.9
Average Volume 21,038
200-Day Moving Average 26.2774
50-Day Moving Average 32.899
20-Day Moving Average 32.0113
10-Day Moving Average 32.6876
Average True Range 2.1542
ADX 8.82
+DI 28.8856
-DI 34.4917
Chandelier Exit (Long, 3 ATRs ) 31.0374
Chandelier Exit (Short, 3 ATRs ) 35.615
Upper Bollinger Band 35.5378
Lower Bollinger Band 28.4848
Percent B (%b) 0.16
BandWidth 22.032845
MACD Line -0.5786
MACD Signal Line -0.4675
MACD Histogram -0.1111
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 32.94
Resistance 3 (R3) 33.27 32.48 32.39
Resistance 2 (R2) 32.48 31.64 32.32 32.21
Resistance 1 (R1) 31.06 31.12 30.67 30.73 32.02
Pivot Point 30.27 30.27 30.08 30.11 30.27
Support 1 (S1) 28.85 29.43 28.46 28.53 27.24
Support 2 (S2) 28.06 28.91 27.90 27.05
Support 3 (S3) 26.64 28.06 26.87
Support 4 (S4) 26.32