Technical Analysis for SPUU - Direxion Daily S&P 500 Bull 2X Shares

Grade Last Price % Change Price Change
grade B 51.0571 -0.34% -0.17
SPUU closed down 0.34 percent on Monday, March 25, 2019, on 2.07 times normal volume. It was able to bounce off of its 200 day moving average, an important long-term support line. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation.

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

Date Alert Name Type % Chg
Mar 25 Fell Below 20 DMA Bearish 0.00%
Mar 25 200 DMA Support Bullish 0.00%
Mar 25 Hammer Candlestick Bullish 0.00%
Mar 25 Lizard Bullish Bullish Day Trade Setup 0.00%
Mar 25 Gapped Down Weakness 0.00%
Mar 22 MACD Bearish Signal Line Cross Bearish -0.34%
Mar 22 Slingshot Bullish Bullish Swing Setup -0.34%
Mar 22 Upper Bollinger Band Walk Strength -0.34%
Mar 22 Overbought Stochastic Strength -0.34%
Mar 21 Expansion Breakout Bullish Swing Setup -4.06%

Older signals for SPUU ...

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Profile
The investment seeks daily investment results, before fees and expenses, of 200% of the performance of the S&P 500® Index. The fund normally creates long positions by investing at least 80% of its net assets in the equity securities that comprise the index and/or financial instruments that provide leveraged and unleveraged exposure to the index. The index is a capitalization-weighted index composed of 500 domestic common stocks. The fund is non-diversified.
Exchange Traded Fund Index Fund Net Asset Value S&P 500 Index
Is SPUU a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 2 bullish, 0 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 59.33
52 Week Low 36.47
Average Volume 12,998
200-Day Moving Average 50.9379
50-Day Moving Average 48.9384
20-Day Moving Average 51.1368
10-Day Moving Average 51.8091
Average True Range 0.9177
ADX 19.88
+DI 33.5289
-DI 27.9874
Chandelier Exit (Long, 3 ATRs ) 50.5569
Chandelier Exit (Short, 3 ATRs ) 51.1831
Upper Bollinger Band 53.0568
Lower Bollinger Band 49.2168
Percent B (%b) 0.48
BandWidth 7.509269
MACD Line 0.813
MACD Signal Line 0.9248
MACD Histogram -0.1117
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 51.85
Resistance 3 (R3) 51.77 51.43 51.72
Resistance 2 (R2) 51.43 51.22 51.47 51.68
Resistance 1 (R1) 51.24 51.10 51.33 51.32 51.63
Pivot Point 50.90 50.90 50.94 50.94 50.90
Support 1 (S1) 50.71 50.69 50.80 50.79 50.48
Support 2 (S2) 50.37 50.57 50.41 50.44
Support 3 (S3) 50.18 50.37 50.39
Support 4 (S4) 50.26