Technical Analysis for NEED - Direxion Daily Consumer Staples Bull 3X Shares

Grade Last Price % Change Price Change
grade A 30.5 -1.88% -0.58
NEED closed down 1.88 percent on Friday, July 19, 2019, on 2.76 times normal volume. The bulls were able to push the stock to a new 52-week high. 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 N/A Up Up
See historical NEED trend table...

Date Alert Name Type % Chg
Bearish Engulfing Bearish 0.00%
New 52 Week High Strength 0.00%
Overbought Stochastic Strength 0.00%
New 52 Week Closing High Bullish -1.88%
New Uptrend Bullish -1.88%
New 52 Week High Strength -1.88%
Overbought Stochastic Strength -1.88%
Narrow Range Bar Range Contraction 0.21%
Overbought Stochastic Strength 0.21%
Stochastic Sell Signal Bearish -0.08%

Older signals for NEED ...

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Profile
The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the Consumer Staples Select Sector Index (the "index"). The fund normally invests at least 80% of its net assets in securities of the index, exchange-traded funds ("ETFs") that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index includes domestic companies from the consumer staples sector which includes the following industries: food and staples retailing; household products; food products; beverages; tobacco; and personal products. The fund is non-diversified.
Exchange Traded Funds Food S&P 500 Index Cboe Inverse Exchange Traded Fund Food Products Household Products
Is NEED a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 3 bullish, 0 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 31.27
52 Week Low 16.84
Average Volume 3,834
200-Day Moving Average 0.0
50-Day Moving Average 27.9169
20-Day Moving Average 29.4701
10-Day Moving Average 30.2331
Average True Range 0.5906
ADX 26.95
+DI 43.7219
-DI 17.3964
Chandelier Exit (Long, 3 ATRs ) 29.4982
Chandelier Exit (Short, 3 ATRs ) 29.3218
Upper Bollinger Band 31.4311
Lower Bollinger Band 27.5091
Percent B (%b) 0.76
BandWidth 13.308404
MACD Line 0.8147
MACD Signal Line 0.7653
MACD Histogram 0.0494
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 31.66
Resistance 3 (R3) 31.78 31.53 31.46
Resistance 2 (R2) 31.53 31.23 31.46 31.40
Resistance 1 (R1) 31.01 31.05 30.89 30.89 31.33
Pivot Point 30.76 30.76 30.69 30.69 30.76
Support 1 (S1) 30.24 30.46 30.12 30.12 29.67
Support 2 (S2) 29.99 30.28 29.92 29.60
Support 3 (S3) 29.47 29.99 29.54
Support 4 (S4) 29.35