Technical Analysis for SPXS - Direxion Daily S&P 500 Bear 3X
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| D | 6.70 | -2.62% | -0.18 |
SPXS closed up 0.88 percent on Monday, November 4, 2024, on 1.33 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Down | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Crossed Above 50 DMA | Bullish | -2.62% | |
| Weak + Overbought | Other | -2.62% | |
| Above Upper BB | Strength | -2.62% | |
| Overbought Stochastic | Strength | -2.62% | |
| Upper Bollinger Band Touch | Strength | -2.62% | |
| Fell Below 50 DMA | Bearish | -1.76% | |
| Stochastic Reached Overbought | Strength | -1.76% | |
| Weak + Overbought | Other | -1.76% | |
| BB Squeeze Ended | Range Expansion | -1.76% | |
| Overbought Stochastic | Strength | -1.76% |
| Alert | Time |
|---|---|
| Down 3% | 21 minutes ago |
| Down 1 ATR | 21 minutes ago |
| 60 Minute Opening Range Breakdown | 27 minutes ago |
| 1.5x Volume Pace | about 1 hour ago |
| Fell Below Previous Day's Low | about 1 hour ago |
Get this analysis on your stocks daily!
Let us help you stay on top of your investments. We will alert you to important technical developments on your
portfolio & watchlist.
Configure default chart indicators
Basic chart:
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.
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Repurchase Agreement S&P 500 Index Forward Contract
Classification
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Repurchase Agreement S&P 500 Index Forward Contract
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 14.518 |
| 52 Week Low | 6.27 |
| Average Volume | 41,410,312 |
| 200-Day Moving Average | 8.20 |
| 50-Day Moving Average | 6.86 |
| 20-Day Moving Average | 6.53 |
| 10-Day Moving Average | 6.60 |
| Average True Range | 0.20 |
| RSI (14) | 57.98 |
| ADX | 21.77 |
| +DI | 27.11 |
| -DI | 15.52 |
| Chandelier Exit (Long, 3 ATRs) | 6.35 |
| Chandelier Exit (Short, 3 ATRs) | 6.86 |
| Upper Bollinger Bands | 6.86 |
| Lower Bollinger Band | 6.20 |
| Percent B (%b) | 1.03 |
| BandWidth | 10.10 |
| MACD Line | -0.03 |
| MACD Signal Line | -0.10 |
| MACD Histogram | 0.0771 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 7.14 | ||||
| Resistance 3 (R3) | 7.13 | 7.03 | 7.09 | ||
| Resistance 2 (R2) | 7.03 | 6.97 | 7.04 | 7.08 | |
| Resistance 1 (R1) | 6.96 | 6.93 | 7.00 | 6.97 | 7.06 |
| Pivot Point | 6.86 | 6.86 | 6.88 | 6.87 | 6.86 |
| Support 1 (S1) | 6.79 | 6.80 | 6.83 | 6.80 | 6.70 |
| Support 2 (S2) | 6.69 | 6.76 | 6.70 | 6.68 | |
| Support 3 (S3) | 6.62 | 6.69 | 6.67 | ||
| Support 4 (S4) | 6.63 |
