Technical Analysis for PASS - Direxion Daily Consumer Discretionary Bear 3X Shares

Grade Last Price % Change Price Change
grade F 20.5982 -3.02% -0.64
PASS closed down 3.02 percent on Monday, March 18, 2019, on 15 percent of normal volume. The bears made the stock sink to a new 52-week low. 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 N/A Down Down
See historical PASS trend table...

Date Alert Name Type % Chg
Mar 18 New 52 Week Closing Low Bearish 0.00%
Mar 18 180 Bearish Setup Bearish Swing Setup 0.00%
Mar 18 New 52 Week Low Weakness 0.00%
Mar 18 Stochastic Reached Oversold Weakness 0.00%
Mar 18 Gapped Down Weakness 0.00%
Mar 18 Oversold Stochastic Weakness 0.00%
Mar 15 Fell Below 20 DMA Bearish -3.02%
Mar 15 Narrow Range Bar Range Contraction -3.02%
Mar 15 NR7 Range Contraction -3.02%
Mar 15 Gapped Down Weakness -3.02%

Older signals for PASS ...

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Profile
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the daily performance of the Consumer Discretionary Select Sector Index. The fund, under normal circumstances, invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund's net assets (plus borrowing for investment purposes).The index is provided by S&P Dow Jones Indices and includes domestic companies from the consumer discretionary sector. It is non-diversified.
Is PASS 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, 2 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 38.36
52 Week Low 20.5982
Average Volume 3,439
200-Day Moving Average 0.0
50-Day Moving Average 23.0453
20-Day Moving Average 21.44
10-Day Moving Average 21.5743
Average True Range 0.5875
ADX 12.37
+DI 31.1692
-DI 45.8929
Chandelier Exit (Long, 3 ATRs ) 21.2375
Chandelier Exit (Short, 3 ATRs ) 22.3607
Upper Bollinger Band 22.3116
Lower Bollinger Band 20.5684
Percent B (%b) 0.02
BandWidth 8.130597
MACD Line -0.5575
MACD Signal Line -0.6522
MACD Histogram 0.0947
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 21.08
Resistance 3 (R3) 21.13 21.03 21.00
Resistance 2 (R2) 21.03 20.90 21.00 20.97
Resistance 1 (R1) 20.81 20.83 20.76 20.76 20.95
Pivot Point 20.71 20.71 20.68 20.68 20.71
Support 1 (S1) 20.49 20.58 20.44 20.44 20.25
Support 2 (S2) 20.38 20.51 20.36 20.22
Support 3 (S3) 20.17 20.38 20.20
Support 4 (S4) 20.12