Technical Analysis for WFH - Direxion Work From Home ETF

Grade Last Price % Change Price Change
D 70.27 -0.38% -0.27
WFH closed down 0.3 percent on Friday, April 9, 2021, on 30 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. 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 N/A Flat Up
Historical WFH trend table...

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish -0.38%
MACD Bullish Centerline Cross Bullish -0.38%
Narrow Range Bar Range Contraction -0.38%
Multiple of Ten Bullish Other -0.38%
Weak + Overbought Other -0.38%
Overbought Stochastic Strength -0.38%
Crossed Above 50 DMA Bullish -0.68%
180 Bullish Setup Bullish Swing Setup -0.68%
Overbought Stochastic Strength -0.68%
50 DMA Resistance Bearish 0.47%
Older End-of-Day Signals for WFH ...

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Profile

The Direxion Work From Home ETF offers exposure to companies across four technology pillars, allowing investors to gain exposure to those companies that stand to benefit from an increasingly flexible work environment. The four pillars include Cloud Technologies, Cybersecurity, Online Project and Document Management, and Remote Communications. Companies are selected for inclusion in the index by ARTIS, a proprietary natural language processing algorithm, which uses key words to evaluate large volumes of publicly available information, such as annual reports, business descriptions and financial news.
Classification

Keywords: Computer Security Work From Home Cybersecurity Cryptography Cyberwarfare Document Management Computer Network Security Cybercrime Direxion Information Governance Information Age Natural Language Processing Remote Communications Natural Language Processing Algorithm

Top 10 Components

Symbol Grade Price % Change Allocation
BOX C -0.35 3.12
FB A -1.04 2.90
CSCO A -0.70 2.79
NTAP B 0.03 2.78
FTNT A -0.06 2.77
MRVL B -1.43 2.70
ORCL A -0.07 2.69
PRGS C 0.20 2.68
GOOGL A -0.91 2.66
PFPT B 1.11 2.66
View All WFH Holdings

Is WFH 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 76.4458
52 Week Low 49.2
Average Volume 22,452
200-Day Moving Average 0.00
50-Day Moving Average 70.55
20-Day Moving Average 69.19
10-Day Moving Average 69.29
Average True Range 1.39
ADX 16.86
+DI 26.80
-DI 26.80
Chandelier Exit (Long, 3 ATRs ) 67.02
Chandelier Exit (Short, 3 ATRs ) 69.92
Upper Bollinger Band 71.75
Lower Bollinger Band 66.63
Percent B (%b) 0.76
BandWidth 7.40
MACD Line 0.08
MACD Signal Line -0.28
MACD Histogram 0.3558
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 71.48
Resistance 3 (R3) 71.39 70.99 71.33
Resistance 2 (R2) 70.99 70.75 71.03 71.27
Resistance 1 (R1) 70.76 70.60 70.87 70.85 71.22
Pivot Point 70.36 70.36 70.41 70.40 70.36
Support 1 (S1) 70.13 70.12 70.25 70.23 69.86
Support 2 (S2) 69.73 69.97 69.77 69.81
Support 3 (S3) 69.51 69.73 69.75
Support 4 (S4) 69.60