Technical Analysis for SPXS - Direxion Daily S&P 500 Bear 3X
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
5.88 | -4.39% | -0.27 |
SPXS closed down 4.39 percent on Wednesday, August 12, 2020, on 72 percent of normal volume. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Down | Down | Down |
| Historical SPXS trend table... | |||
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| New 52 Week Closing Low | Bearish | 0.00% | |
| New Downtrend | Bearish | 0.00% | |
| 180 Bearish Setup | Bearish Swing Setup | 0.00% | |
| New 52 Week Low | Weakness | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Bullish Engulfing | Bullish | -4.39% | |
| Stochastic Buy Signal | Bullish | -4.39% | |
| New 52 Week Low | Weakness | -4.39% | |
| Outside Day | Range Expansion | -4.39% | |
| Lower Bollinger Band Touch | Weakness | -4.39% |
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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 | 5.85 |
| Average Volume | 40,579,102 |
| 200-Day Moving Average | 12.09 |
| 50-Day Moving Average | 7.20 |
| 20-Day Moving Average | 6.49 |
| 10-Day Moving Average | 6.23 |
| Average True Range | 0.28 |
| ADX | 26.09 |
| +DI | 12.32 |
| -DI | 31.30 |
| Chandelier Exit (Long, 3 ATRs ) | 6.68 |
| Chandelier Exit (Short, 3 ATRs ) | 6.69 |
| Upper Bollinger Band | 7.13 |
| Lower Bollinger Band | 5.85 |
| Percent B (%b) | 0.03 |
| BandWidth | 19.73 |
| MACD Line | -0.39 |
| MACD Signal Line | -0.39 |
| MACD Histogram | -0.0073 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 6.12 | ||||
| Resistance 3 (R3) | 6.14 | 6.07 | 6.08 | ||
| Resistance 2 (R2) | 6.07 | 6.01 | 6.07 | 6.07 | |
| Resistance 1 (R1) | 5.98 | 5.97 | 5.95 | 5.96 | 6.05 |
| Pivot Point | 5.91 | 5.91 | 5.90 | 5.91 | 5.91 |
| Support 1 (S1) | 5.82 | 5.85 | 5.79 | 5.80 | 5.71 |
| Support 2 (S2) | 5.75 | 5.81 | 5.75 | 5.69 | |
| Support 3 (S3) | 5.66 | 5.75 | 5.68 | ||
| Support 4 (S4) | 5.64 |
