Technical Analysis for MUTE - Direxion Daily Communication Services Index Bear 3X Shares

Grade Last Price % Change Price Change
grade F 17.619 -0.02% 0.00
MUTE closed down 0.02 percent on Thursday, April 18, 2019, on 25 percent of normal volume. 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 N/A Down Down
See historical MUTE trend table...

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
New 52 Week Low Weakness 0.00%
Outside Day Range Expansion 0.00%
Down 3 Days in a Row Weakness 0.00%
Oversold Stochastic Weakness 0.00%
New 52 Week Closing Low Bearish -0.02%
Narrow Range Bar Range Contraction -0.02%
Inside Day Range Contraction -0.02%
Oversold Stochastic Weakness -0.02%
New 52 Week Low Weakness -0.67%

Older signals for MUTE ...

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Profile
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse of the daily performance of the Communication Services Select Sector Index. The fund normally invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse or short leveraged exposure to the index equal to at least 80% of the fund's net assets. The index includes domestic companies from the communication services sector, which includes the following industries: diversified telecommunications services, wireless communication services, media, entertainment, and etc. The fund is non-diversified.
Exchange Traded Funds Inverse Exchange Traded Fund Telecommunications Services Wireless Communication Services
Is MUTE a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 25.92
52 Week Low 17.42
Average Volume 3,812
200-Day Moving Average 0.0
50-Day Moving Average 20.3596
20-Day Moving Average 19.0059
10-Day Moving Average 18.0918
Average True Range 0.3917
ADX 29.27
+DI 20.3937
-DI 52.6489
Chandelier Exit (Long, 3 ATRs ) 19.6349
Chandelier Exit (Short, 3 ATRs ) 18.5951
Upper Bollinger Band 21.0386
Lower Bollinger Band 16.9732
Percent B (%b) 0.16
BandWidth 21.3902
MACD Line -0.8854
MACD Signal Line -0.804
MACD Histogram -0.0813
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 18.07
Resistance 3 (R3) 18.05 17.89 17.99
Resistance 2 (R2) 17.89 17.77 17.89 17.97
Resistance 1 (R1) 17.75 17.70 17.82 17.77 17.94
Pivot Point 17.59 17.59 17.62 17.59 17.59
Support 1 (S1) 17.45 17.47 17.52 17.47 17.29
Support 2 (S2) 17.29 17.40 17.29 17.27
Support 3 (S3) 17.15 17.29 17.24
Support 4 (S4) 17.17