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

Grade Last Price % Change Price Change
grade A 32.4097 1.71% 0.55
NEED closed up 1.71 percent on Monday, November 18, 2019, on 66 percent of normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Up Up Up
See historical NEED trend table...

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Lizard Bearish Bearish Day Trade Setup 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
BB Squeeze + Upper Band Touch Range Contraction 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
180 Bullish Setup Bullish Swing Setup 1.71%
Bollinger Band Squeeze Range Contraction 1.71%
Narrow Range Bar Range Contraction 1.71%

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 32.94
52 Week Low 16.84
Average Volume 6,333
200-Day Moving Average 27.6393
50-Day Moving Average 31.4625
20-Day Moving Average 31.5466
10-Day Moving Average 31.4726
Average True Range 0.6259
ADX 10.81
+DI 34.8551
-DI 19.3289
Chandelier Exit (Long, 3 ATRs ) 30.9823
Chandelier Exit (Short, 3 ATRs ) 32.3527
Upper Bollinger Band 32.4303
Lower Bollinger Band 30.6629
Percent B (%b) 0.99
BandWidth 5.602505
MACD Line 0.1379
MACD Signal Line 0.0438
MACD Histogram 0.0941
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 33.26
Resistance 3 (R3) 33.32 33.09 33.12
Resistance 2 (R2) 33.09 32.87 33.06 33.07
Resistance 1 (R1) 32.75 32.74 32.92 32.69 33.03
Pivot Point 32.52 32.52 32.60 32.49 32.52
Support 1 (S1) 32.18 32.30 32.35 32.12 31.79
Support 2 (S2) 31.95 32.17 31.92 31.74
Support 3 (S3) 31.61 31.95 31.70
Support 4 (S4) 31.55