Technical Analysis for TECS - Direxion Technology Bear 3X Shares

Grade Last Price % Change Price Change
D 7.15 -4.16% -0.31
TECS closed down 4.16 percent on Thursday, May 13, 2021, on 1.66 times normal volume. It was able to find support at its 50 day moving average. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up
Historical TECS trend table...

Date Alert Name Type % Chg
50 DMA Support Bullish 0.00%
Upper Bollinger Band Walk Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Crossed Above 50 DMA Bullish -4.16%
MACD Bullish Centerline Cross Bullish -4.16%
180 Bullish Setup Bullish Swing Setup -4.16%
Expansion Pivot Buy Setup Bullish Swing Setup -4.16%
Pocket Pivot Bullish Swing Setup -4.16%
Stochastic Reached Overbought Strength -4.16%
Older End-of-Day Signals for TECS ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
60 Minute Opening Range Breakout about 7 hours ago
50 DMA Support about 11 hours ago
Down 5% about 11 hours ago
Fell Below Previous Day's Low about 11 hours ago
3x Volume Pace about 11 hours ago
View Earlier Intraday Alerts

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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.
Classification

Keywords: Exchange Traded Fund ETF Private Equity Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Semiconductors Communications Equipment Telecommunications Services Internet Software Technology Select Sector Index Seminconductor Equipment

Is TECS 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 33.08
52 Week Low 5.77
Average Volume 2,745,855
200-Day Moving Average 10.24
50-Day Moving Average 6.97
20-Day Moving Average 6.34
10-Day Moving Average 6.71
Average True Range 0.37
ADX 23.69
+DI 35.59
-DI 16.00
Chandelier Exit (Long, 3 ATRs ) 6.41
Chandelier Exit (Short, 3 ATRs ) 6.87
Upper Bollinger Band 7.26
Lower Bollinger Band 5.42
Percent B (%b) 0.94
BandWidth 28.94
MACD Line 0.09
MACD Signal Line -0.09
MACD Histogram 0.1747
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 7.68
Resistance 3 (R3) 7.68 7.50 7.60
Resistance 2 (R2) 7.50 7.36 7.50 7.57
Resistance 1 (R1) 7.32 7.28 7.23 7.33 7.54
Pivot Point 7.14 7.14 7.10 7.14 7.14
Support 1 (S1) 6.97 7.01 6.88 6.97 6.76
Support 2 (S2) 6.79 6.92 6.79 6.73
Support 3 (S3) 6.61 6.79 6.71
Support 4 (S4) 6.62