Technical Analysis for SPXS - Direxion Daily S&P 500 Bear 3X

Grade Last Price % Change Price Change
grade F 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.

Trend Table & Recent Signals

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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Profile

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

Is SPXS 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 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