Technical Analysis for TECS - Direxion Technology Bear 3X Shares

Grade Last Price % Change Price Change
grade F 5.1 -1.54% -0.08
TECS closed down 1.54 percent on Friday, February 14, 2020, on 73 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. 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 TECS trend table...

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
Narrow Range Bar Range Contraction 0.00%
NR7 Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Oversold Stochastic Weakness 0.00%
New 52 Week Low Weakness -1.54%
Oversold Stochastic Weakness -1.54%
New 52 Week Closing Low Bearish -0.58%
180 Bearish Setup Bearish Swing Setup -0.58%
NR7 Range Contraction -0.58%

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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.
Private Equity Semiconductors Telecommunications Services Communications Equipment 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 19.48
52 Week Low 5.08
Average Volume 1,229,407
200-Day Moving Average 10.40
50-Day Moving Average 6.67
20-Day Moving Average 5.70
10-Day Moving Average 5.38
Average True Range 0.25
ADX 41.75
+DI 11.73
-DI 34.64
Chandelier Exit (Long, 3 ATRs ) 5.69
Chandelier Exit (Short, 3 ATRs ) 5.84
Upper Bollinger Band 6.47
Lower Bollinger Band 4.93
Percent B (%b) 0.11
BandWidth 27.06
MACD Line -0.44
MACD Signal Line -0.43
MACD Histogram -0.01
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 5.27
Resistance 3 (R3) 5.29 5.24 5.24
Resistance 2 (R2) 5.24 5.20 5.24 5.23
Resistance 1 (R1) 5.17 5.17 5.15 5.16 5.22
Pivot Point 5.13 5.13 5.12 5.12 5.13
Support 1 (S1) 5.06 5.08 5.03 5.04 4.98
Support 2 (S2) 5.01 5.06 5.01 4.97
Support 3 (S3) 4.94 5.01 4.96
Support 4 (S4) 4.93