Technical Analysis for METD - Direxion Daily META Bear 1X Shares

Grade Last Price % Change Price Change
F 20.66 0.15% 0.03
METD closed up 0.15 percent on Friday, September 27, 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. 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.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent N/A Down Down

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Oversold Stochastic Weakness 0.00%
Gapped Down Weakness 0.15%
Oversold Stochastic Weakness 0.15%
New 52 Week Closing Low Bearish 0.39%
Lower Bollinger Band Walk Weakness 0.39%
New 52 Week Low Weakness 0.39%
Lower Bollinger Band Touch Weakness 0.39%

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Profile

The fund, under normal circumstances, invests at least 80% of the fund"s net assets (plus borrowings for investment purposes) in financial instruments, including swap agreements and options, that, in combination, provide 1X daily inverse (opposite) or short exposure to META, consistent with the fund"s investment objective. The fund is non-diversified.
Classification

Keywords: Investment Management Swaps

Is METD 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 26.3848
52 Week Low 20.27
Average Volume 48,313
200-Day Moving Average 0.00
50-Day Moving Average 22.77
20-Day Moving Average 21.93
10-Day Moving Average 21.06
Average True Range 0.51
RSI (14) 29.58
ADX 19.14
+DI 17.75
-DI 33.76
Chandelier Exit (Long, 3 ATRs) 22.07
Chandelier Exit (Short, 3 ATRs) 21.80
Upper Bollinger Bands 23.88
Lower Bollinger Band 19.98
Percent B (%b) 0.17
BandWidth 17.77
MACD Line -0.59
MACD Signal Line -0.46
MACD Histogram -0.1386
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 20.89
Resistance 3 (R3) 20.89 20.80 20.85
Resistance 2 (R2) 20.80 20.74 20.81 20.84
Resistance 1 (R1) 20.73 20.71 20.77 20.74 20.83
Pivot Point 20.65 20.65 20.67 20.65 20.65
Support 1 (S1) 20.58 20.59 20.61 20.58 20.49
Support 2 (S2) 20.49 20.55 20.50 20.48
Support 3 (S3) 20.42 20.49 20.47
Support 4 (S4) 20.43