Technical Analysis for TECS - Direxion Technology Bear 3X Shares

Grade Last Price % Change Price Change
grade B 24.59 -4.50% -1.16
TECS closed down 4.5 percent on Tuesday, January 15, 2019, on 77 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. 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 Up Down Down
See historical TECS trend table...

Date Alert Name Type % Chg
Jan 15 Fell Below 50 DMA Bearish 0.00%
Jan 15 MACD Bearish Centerline Cross Bearish 0.00%
Jan 15 Wide Bands Range Expansion 0.00%
Jan 15 Oversold Stochastic Weakness 0.00%
Jan 14 Crossed Above 50 DMA Bullish -4.50%
Jan 14 Stochastic Buy Signal Bullish -4.50%
Jan 14 Narrow Range Bar Range Contraction -4.50%
Jan 14 Strong but Oversold Other -4.50%
Jan 14 Wide Bands Range Expansion -4.50%
Jan 14 Gapped Up Strength -4.50%

Older signals for TECS ...

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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 Technology Select Sector Index. The fund, under normal circumstances, creates short positions by investing at least 80% of its assets in financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The index includes domestic companies from the following industries: computers & peripherals; software; diversified telecommunications services; communications equipment; semiconductors & seminconductor equipment; internet software & services; IT services; etc. The fund is non-diversified.
Is TECS a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 2 bullish, 1 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 38.35
52 Week Low 17.59
Average Volume 660,593
200-Day Moving Average 23.2684
50-Day Moving Average 25.45
20-Day Moving Average 27.984
10-Day Moving Average 26.58
Average True Range 2.0988
ADX 20.31
+DI 25.6539
-DI 25.6852
Chandelier Exit (Long, 3 ATRs ) 29.1736
Chandelier Exit (Short, 3 ATRs ) 29.6064
Upper Bollinger Band 33.3507
Lower Bollinger Band 22.6173
Percent B (%b) 0.18
BandWidth 38.355489
MACD Line -0.1632
MACD Signal Line 0.4787
MACD Histogram -0.6419
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 26.38
Resistance 3 (R3) 26.52 26.06 26.08
Resistance 2 (R2) 26.06 25.61 25.99 25.98
Resistance 1 (R1) 25.33 25.33 25.10 25.19 25.88
Pivot Point 24.87 24.87 24.76 24.80 24.87
Support 1 (S1) 24.14 24.42 23.91 24.00 23.30
Support 2 (S2) 23.68 24.14 23.61 23.20
Support 3 (S3) 22.95 23.68 23.10
Support 4 (S4) 22.81