Technical Analysis for WDRW - Direxion Daily Regional Banks Bear 3X Shares

Grade Last Price % Change Price Change
grade A 26.5694 4.62% 1.17
WDRW closed up 4.62 percent on Wednesday, February 26, 2020, on 1.77 times normal volume. It was able to bounce off of its 200 day moving average, an important long-term support line. 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 Signals

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

Date Alert Name Type % Chg
200 DMA Support Bullish 0.00%
Expansion Breakout Bullish Swing Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Wide Range Bar Range Expansion 0.00%
Doji - Bearish? Reversal 0.00%
Upper Bollinger Band Walk Strength 0.00%
Wide Bands Range Expansion 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%

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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 Solactive Regional Bank Index. The fund 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; exchange-traded funds; and other financial instruments that, in combination, provide inverse leveraged and unleveraged exposure to the Solactive Regional Bank Index. It is non-diversified.
Exchange Traded Fund Futures Contract Derivative Short Financial Instrument Outline Of Finance

Is WDRW 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 38.5662
52 Week Low 17.81
Average Volume 4,516
200-Day Moving Average 25.30
50-Day Moving Average 20.08
20-Day Moving Average 21.40
10-Day Moving Average 21.76
Average True Range 1.08
ADX 20.17
+DI 55.94
-DI 15.79
Chandelier Exit (Long, 3 ATRs ) 23.50
Chandelier Exit (Short, 3 ATRs ) 22.79
Upper Bollinger Band 24.94
Lower Bollinger Band 17.87
Percent B (%b) 1.23
BandWidth 33.04
MACD Line 0.96
MACD Signal Line 0.40
MACD Histogram 0.5624
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 29.99
Resistance 3 (R3) 29.66 28.20 29.42
Resistance 2 (R2) 28.20 27.33 28.36 29.23
Resistance 1 (R1) 27.38 26.79 27.71 27.71 29.04
Pivot Point 25.92 25.92 26.08 26.08 25.92
Support 1 (S1) 25.10 25.05 25.43 25.43 24.10
Support 2 (S2) 23.64 24.51 23.80 23.91
Support 3 (S3) 22.82 23.64 23.72
Support 4 (S4) 23.15