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

Grade Last Price % Change Price Change
grade F 5.1505 0.19% 0.01
MUTE closed up 0.19 percent on Friday, August 14, 2020, on 6 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) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down
Historical MUTE trend table...

Date Alert Name Type % Chg
180 Bearish Setup Bearish Swing Setup 0.00%
Narrow Range Bar Range Contraction 0.00%
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Stochastic Reached Oversold Weakness 0.00%
Gapped Up Strength 0.00%
Oversold Stochastic Weakness 0.00%
Narrow Range Bar Range Contraction 0.19%
NR7 Range Contraction 0.19%
Gapped Down Weakness 0.19%

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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 Fund ETF Exchange Traded Funds Leveraged ETF Ultra ETF Bear Market ETF Inverse ETF 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

Indicators

Indicator Value
52 Week High 23.0
52 Week Low 5.0
Average Volume 4,787
200-Day Moving Average 11.08
50-Day Moving Average 6.23
20-Day Moving Average 5.61
10-Day Moving Average 5.32
Average True Range 0.21
ADX 17.33
+DI 26.05
-DI 37.77
Chandelier Exit (Long, 3 ATRs ) 5.60
Chandelier Exit (Short, 3 ATRs ) 5.62
Upper Bollinger Band 6.29
Lower Bollinger Band 4.93
Percent B (%b) 0.16
BandWidth 24.20
MACD Line -0.34
MACD Signal Line -0.34
MACD Histogram -0.0032
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 5.18
Resistance 3 (R3) 5.18 5.18 5.17
Resistance 2 (R2) 5.18 5.17 5.17 5.17
Resistance 1 (R1) 5.16 5.16 5.16 5.16 5.17
Pivot Point 5.16 5.16 5.16 5.16 5.16
Support 1 (S1) 5.14 5.15 5.14 5.14 5.13
Support 2 (S2) 5.14 5.14 5.14 5.13
Support 3 (S3) 5.12 5.14 5.13
Support 4 (S4) 5.12