Technical Analysis for INDL - Direxion Daily India Bull 3x Shares

Grade Last Price % Change Price Change
C 60.09 0.70% 0.42
INDL closed up 0.7 percent on Monday, March 18, 2024, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. It ran into resistance at its 50 day moving average. 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.
1 Watcher
Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Flat Down

Date Alert Name Type % Chg
50 DMA Resistance Bearish 0.00%
Calm After Storm Range Contraction 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Gapped Up Strength 0.00%
Oversold Stochastic Weakness 0.00%
Fell Below 50 DMA Bearish 0.70%
Stochastic Reached Oversold Weakness 0.70%
Multiple of Ten Bearish Other 0.70%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 9 hours ago
60 Minute Opening Range Breakdown about 10 hours ago
50 DMA Support about 11 hours ago
50 DMA Resistance about 11 hours ago
2x Volume Pace about 13 hours ago

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Profile

The investment seeks daily investment results, before fees and expenses, of 300% of the performance of the Indus India Index. The fund, under normal circumstances, creates long positions by investing at least 80% of its assets in the securities that comprise the Indus India Index ("index") and/or financial instruments that provide leveraged and unleveraged exposure to the index. The index is designed to replicate the Indian equity markets as a whole through a group of 50 Indian stocks selected from a universe of the largest companies listed on two major Indian exchanges. The fund is non-diversified.
Classification

Keywords: Exchange Traded Fund ETF Exchange Traded Funds Index Fund Leveraged ETF Ultra ETF Industrial

Top 10 Components

Symbol Grade Price % Change Allocation
INDA C 0.36 6.60

Is INDL 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 64.375
52 Week Low 37.1952
Average Volume 26,850
200-Day Moving Average 51.57
50-Day Moving Average 60.15
20-Day Moving Average 62.21
10-Day Moving Average 61.98
Average True Range 1.09
RSI (14) 44.13
ADX 18.85
+DI 28.23
-DI 41.74
Chandelier Exit (Long, 3 ATRs) 61.10
Chandelier Exit (Short, 3 ATRs) 62.48
Upper Bollinger Bands 64.94
Lower Bollinger Band 59.47
Percent B (%b) 0.11
BandWidth 8.79
MACD Line 0.12
MACD Signal Line 0.68
MACD Histogram -0.5602
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 60.65
Resistance 3 (R3) 60.70 60.57 60.56
Resistance 2 (R2) 60.57 60.42 60.54 60.53
Resistance 1 (R1) 60.33 60.33 60.26 60.28 60.50
Pivot Point 60.19 60.19 60.16 60.17 60.19
Support 1 (S1) 59.95 60.05 59.88 59.90 59.68
Support 2 (S2) 59.82 59.96 59.79 59.65
Support 3 (S3) 59.58 59.82 59.62
Support 4 (S4) 59.53