Technical Analysis for SPXS - Direxion Daily S&P 500 Bear 3X
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
11.93 | -4.71% | -0.59 |
SPXS closed down 4.71 percent on Thursday, April 9, 2020, on 2.2 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. 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.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Down | Down |
| Historical SPXS trend table... | |||
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Narrow Range Bar | Range Contraction | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Wide Bands | Range Expansion | 0.00% | |
| Down 3 Days in a Row | Weakness | 0.00% | |
| Gapped Down | Weakness | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| 180 Bearish Setup | Bearish Swing Setup | -4.71% | |
| Wide Bands | Range Expansion | -4.71% | |
| Oversold Stochastic | Weakness | -4.71% | |
| Fell Below 200 DMA | Bearish | -14.48% |
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The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the S&P 500® Index.
The fund normally creates short positions by investing at least 80% of its assets in: futures contracts; options on securities, indices and futures contracts; equity caps, floors and collars; swap agreements; forward contracts; short positions; reverse repurchase agreements; ETFs; and other financial instruments that, in combination, 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 ETF Exchange Traded Funds Leveraged ETF Ultra ETF Bear Market ETF Inverse ETF S&P 500 Index Short
Exchange Traded Fund ETF Exchange Traded Funds Leveraged ETF Ultra ETF Bear Market ETF Inverse ETF S&P 500 Index Short
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 28.85 |
| 52 Week Low | 11.3 |
| Average Volume | 38,398,643 |
| 200-Day Moving Average | 16.07 |
| 50-Day Moving Average | 15.69 |
| 20-Day Moving Average | 18.82 |
| 10-Day Moving Average | 15.47 |
| Average True Range | 2.82 |
| ADX | 23.14 |
| +DI | 16.32 |
| -DI | 30.60 |
| Chandelier Exit (Long, 3 ATRs ) | 20.38 |
| Chandelier Exit (Short, 3 ATRs ) | 20.02 |
| Upper Bollinger Band | 27.18 |
| Lower Bollinger Band | 10.45 |
| Percent B (%b) | 0.09 |
| BandWidth | 88.94 |
| MACD Line | -0.84 |
| MACD Signal Line | 0.22 |
| MACD Histogram | -1.0561 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 13.10 | ||||
| Resistance 3 (R3) | 13.10 | 12.72 | 12.91 | ||
| Resistance 2 (R2) | 12.72 | 12.42 | 12.72 | 12.84 | |
| Resistance 1 (R1) | 12.32 | 12.23 | 12.13 | 12.32 | 12.77 |
| Pivot Point | 11.94 | 11.94 | 11.84 | 11.94 | 11.94 |
| Support 1 (S1) | 11.54 | 11.64 | 11.35 | 11.54 | 11.09 |
| Support 2 (S2) | 11.16 | 11.45 | 11.16 | 11.02 | |
| Support 3 (S3) | 10.76 | 11.16 | 10.96 | ||
| Support 4 (S4) | 10.76 |
