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

Grade Last Price % Change Price Change
grade D 32.462 2.24% 0.71
WDRW closed down 6.34 percent on Friday, January 18, 2019, on 23 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. 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 WDRW trend table...

Date Alert Name Type % Chg
Jan 18 Narrow Range Bar Range Contraction 2.24%
Jan 18 NR7 Range Contraction 2.24%
Jan 18 NR7-2 Range Contraction 2.24%
Jan 18 Wide Bands Range Expansion 2.24%
Jan 18 Down 3 Days in a Row Weakness 2.24%
Jan 18 Down 4 Days in a Row Weakness 2.24%
Jan 18 Down 5 Days in a Row Weakness 2.24%
Jan 18 Gapped Down Weakness 2.24%
Jan 18 Oversold Stochastic Weakness 2.24%
Jan 17 Narrow Range Bar Range Contraction -4.24%

Older signals for WDRW ...

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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.
Is WDRW a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 1 bullish, 2 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 57.9
52 Week Low 19.69
Average Volume 6,419
200-Day Moving Average 27.9
50-Day Moving Average 38.1139
20-Day Moving Average 42.7856
10-Day Moving Average 37.014
Average True Range 2.5599
ADX 21.1
+DI 20.5534
-DI 38.2863
Chandelier Exit (Long, 3 ATRs ) 50.2203
Chandelier Exit (Short, 3 ATRs ) 39.3897
Upper Bollinger Band 56.2677
Lower Bollinger Band 29.3035
Percent B (%b) 0.09
BandWidth 63.021671
MACD Line -1.8063
MACD Signal Line -0.155
MACD Histogram -1.6512
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 32.19
Resistance 3 (R3) 32.22 32.11 32.11
Resistance 2 (R2) 32.11 32.00 32.09 32.09
Resistance 1 (R1) 31.93 31.93 31.88 31.90 32.06
Pivot Point 31.82 31.82 31.79 31.80 31.82
Support 1 (S1) 31.64 31.71 31.59 31.61 31.44
Support 2 (S2) 31.53 31.64 31.51 31.41
Support 3 (S3) 31.35 31.53 31.39
Support 4 (S4) 31.32