Technical Analysis for NAIL - Direxion Daily Homebuilders & Supplies Bull 3X Shares

Grade Last Price % Change Price Change
grade F 7.0 -6.79% -0.51
NAIL closed down 6.79 percent on Friday, April 3, 2020, on 1.89 times 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 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
Very Strong Down Down Down
Historical NAIL trend table...

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
NR7 Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Down 5 Days in a Row Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Narrow Range Bar Range Contraction -6.79%
Wide Bands Range Expansion -6.79%
Down 3 Days in a Row Weakness -6.79%

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Profile

The investment seeks daily investment results of 300% of the performance of the Dow Jones U.S. Select Home Construction Index. The fund normally creates long positions by investing at least 80% of its assets in the securities that comprise the index and/or financial instruments that provide leveraged and unleveraged exposure to the index. The index measures U.S. companies in the home construction sector that provide a wide range of products and services related to homebuilding, including home construction and producers, sellers and suppliers of building materials, furnishings and fixtures and also home improvement retailers. The fund is non-diversified.
Exchange Traded Fund ETF Index Leveraged ETF Ultra ETF Building Materials Dow Jones U.S. Select Home Construction Index

Is NAIL 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 98.55
52 Week Low 4.76
Average Volume 384,557
200-Day Moving Average 60.83
50-Day Moving Average 57.75
20-Day Moving Average 17.15
10-Day Moving Average 9.89
Average True Range 4.93
ADX 56.26
+DI 11.35
-DI 45.52
Chandelier Exit (Long, 3 ATRs ) 62.27
Chandelier Exit (Short, 3 ATRs ) 19.56
Upper Bollinger Band 44.53
Lower Bollinger Band -10.24
Percent B (%b) 0.31
BandWidth 319.48
MACD Line -14.59
MACD Signal Line -16.09
MACD Histogram 1.4967
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 8.59
Resistance 3 (R3) 8.64 8.15 8.33
Resistance 2 (R2) 8.15 7.75 8.13 8.24
Resistance 1 (R1) 7.58 7.50 7.34 7.53 8.15
Pivot Point 7.09 7.09 6.97 7.07 7.09
Support 1 (S1) 6.52 6.69 6.27 6.47 5.85
Support 2 (S2) 6.03 6.44 6.01 5.76
Support 3 (S3) 5.46 6.03 5.67
Support 4 (S4) 5.41