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

Grade Last Price % Change Price Change
grade F 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.

Trend Table & Recent Signals

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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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 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