Technical Analysis for SPDN - Direxion Daily S&P 500 Bear 1X Shares

Grade Last Price % Change Price Change
grade F 21.04 -0.05% -0.01
SPDN closed down 0.05 percent on Friday, August 7, 2020, on 41 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 Down Down Down
Historical SPDN trend table...

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
Narrow Range Bar Range Contraction 0.00%
New 52 Week Low Weakness 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%
New 52 Week Closing Low Bearish -0.05%
Lower Bollinger Band Walk Weakness -0.05%
New 52 Week Low Weakness -0.05%

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Profile

The Direxion Daily S&P 500 Bear 1x Shares seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the performance of the S&P 500 Index. There is no guarantee the funds will meet their stated investment objectives.
Exchange Traded Fund ETF Exchange Traded Funds S&P 500 Index CBOE Bear Market ETF Inverse ETF Inverse Exchange Traded Fund S&P 500 Index

Is SPDN 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 33.77
52 Week Low 21.03
Average Volume 389,344
200-Day Moving Average 24.72
50-Day Moving Average 22.35
20-Day Moving Average 21.68
10-Day Moving Average 21.47
Average True Range 0.28
ADX 22.35
+DI 15.24
-DI 34.06
Chandelier Exit (Long, 3 ATRs ) 21.83
Chandelier Exit (Short, 3 ATRs ) 21.88
Upper Bollinger Band 22.36
Lower Bollinger Band 21.01
Percent B (%b) 0.02
BandWidth 6.21
MACD Line -0.38
MACD Signal Line -0.36
MACD Histogram -0.0289
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 21.25
Resistance 3 (R3) 21.27 21.22 21.22
Resistance 2 (R2) 21.22 21.17 21.21 21.20
Resistance 1 (R1) 21.13 21.13 21.11 21.11 21.19
Pivot Point 21.08 21.08 21.07 21.07 21.08
Support 1 (S1) 20.99 21.03 20.97 20.97 20.89
Support 2 (S2) 20.94 20.99 20.93 20.88
Support 3 (S3) 20.85 20.94 20.87
Support 4 (S4) 20.83