Technical Analysis for WEBS - Direxion Daily Dow Jones Internet Bear 3X Shares

Grade Last Price % Change Price Change
B 7.52 6.06% 0.43
WEBS closed up 6.06 percent on Friday, April 19, 2024, on 2.12 times normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up

Date Alert Name Type % Chg
Pocket Pivot Bullish Swing Setup 0.00%
Upper Bollinger Band Walk Strength 0.00%
Above Upper BB Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Upper Bollinger Band Walk Strength 6.06%
Inside Day Range Contraction 6.06%
Above Upper BB Strength 6.06%

   Recent Intraday Alerts

Alert Time
Up 5% about 13 hours ago
Up 1 ATR about 13 hours ago
60 Minute Opening Range Breakout about 15 hours ago
2x Volume Pace about 15 hours ago
1.5x Volume Pace about 15 hours ago

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Profile

The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the daily performance of the Dow Jones Internet Composite Index. The fund, under normal circumstances, invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund's net assets. The index includes companies that generate at least 50% of their annual sales/revenue from the internet as determined by the index provider. It is non-diversified.
Classification

Keywords: Exchange Traded Fund ETF Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Internet Composite Index

Is WEBS 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 21.886
52 Week Low 5.9477
Average Volume 604,828
200-Day Moving Average 10.20
50-Day Moving Average 6.53
20-Day Moving Average 6.47
10-Day Moving Average 6.66
Average True Range 0.34
RSI (14) 68.45
ADX 16.56
+DI 34.00
-DI 14.92
Chandelier Exit (Long, 3 ATRs) 6.60
Chandelier Exit (Short, 3 ATRs) 6.97
Upper Bollinger Bands 7.27
Lower Bollinger Band 5.66
Percent B (%b) 1.16
BandWidth 24.81
MACD Line 0.16
MACD Signal Line 0.01
MACD Histogram 0.1477
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 8.23
Resistance 3 (R3) 8.18 7.90 8.11
Resistance 2 (R2) 7.90 7.72 7.93 8.07
Resistance 1 (R1) 7.71 7.61 7.81 7.76 8.03
Pivot Point 7.43 7.43 7.48 7.46 7.43
Support 1 (S1) 7.24 7.25 7.34 7.28 7.01
Support 2 (S2) 6.96 7.14 6.98 6.97
Support 3 (S3) 6.77 6.96 6.93
Support 4 (S4) 6.81