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

Grade Last Price % Change Price Change
grade D 28.915 -1.78% -0.53
INDL closed up 3.12 percent on Thursday, August 6, 2020, on 39 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. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Strong Down Up Up
Historical INDL trend table...

Date Alert Name Type % Chg
NR7 Range Contraction -1.78%
Stochastic Reached Overbought Strength -1.78%
Overbought Stochastic Strength -1.78%
Up 3 Days in a Row Strength -1.78%
Gapped Up Strength 1.28%
Morning Star Bullish 2.43%
Gapped Up Strength 2.43%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 8.09%
Down 3 Days in a Row Weakness 8.09%
MACD Bearish Signal Line Cross Bearish 6.46%

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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.
Exchange Traded Fund ETF Exchange Traded Funds Index Fund Leveraged ETF Ultra ETF Capitalism Industrial

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 74.16
52 Week Low 9.13
Average Volume 295,590
200-Day Moving Average 41.42
50-Day Moving Average 23.23
20-Day Moving Average 26.98
10-Day Moving Average 28.18
Average True Range 1.07
ADX 27.78
+DI 41.60
-DI 20.29
Chandelier Exit (Long, 3 ATRs ) 26.24
Chandelier Exit (Short, 3 ATRs ) 25.78
Upper Bollinger Band 30.34
Lower Bollinger Band 23.62
Percent B (%b) 0.87
BandWidth 24.90
MACD Line 1.61
MACD Signal Line 1.69
MACD Histogram -0.0872
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 30.30
Resistance 3 (R3) 30.20 29.82 30.15
Resistance 2 (R2) 29.82 29.60 29.87 30.10
Resistance 1 (R1) 29.63 29.47 29.73 29.73 30.06
Pivot Point 29.25 29.25 29.30 29.30 29.25
Support 1 (S1) 29.06 29.03 29.16 29.16 28.82
Support 2 (S2) 28.68 28.90 28.73 28.78
Support 3 (S3) 28.49 28.68 28.73
Support 4 (S4) 28.59