Technical Analysis for WFH - Direxion Work From Home ETF

Grade Last Price % Change Price Change
C 54.96 0.72% 0.40
WFH closed up 0.72 percent on Friday, July 26, 2024, on 44 percent of normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Crossed Above 50 DMA Bullish 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Gapped Up Strength 0.00%
50 DMA Resistance Bearish 0.72%
Bollinger Band Squeeze Range Contraction 0.72%
BB Squeeze + Lower Band Touch Range Contraction 0.72%
BB Squeeze Started Range Contraction 0.72%
Gapped Up Strength 0.72%

   Recent Intraday Alerts

Alert Time
Rose Above 50 DMA about 12 hours ago
Rose Above 10 DMA about 12 hours ago
Possible Inside Day about 12 hours ago
60 Minute Opening Range Breakout 1 day ago
Rose Above 50 DMA 1 day ago

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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 Natural Language Processing Information Age Cloud Technologies Natural Language Processing Algorithm Remote Communications

Top 10 Components

Symbol Grade Price % Change Allocation
GOOGL D -0.17 3.48
ORCL C 0.86 3.16
NTAP C 0.47 3.10
AVGO D 1.59 3.06
PANW C 2.09 2.99
SMAR B 2.69 2.97
SNX D 1.83 2.86
MSFT D 1.64 2.82
AMZN D 1.47 2.72
VZ C 0.35 2.71

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 58.6861
52 Week Low 43.8403
Average Volume 1,995
200-Day Moving Average 53.56
50-Day Moving Average 54.65
20-Day Moving Average 55.23
10-Day Moving Average 55.08
Average True Range 0.68
RSI (14) 50.74
ADX 12.16
+DI 39.08
-DI 34.03
Chandelier Exit (Long, 3 ATRs) 54.50
Chandelier Exit (Short, 3 ATRs) 55.65
Upper Bollinger Bands 56.42
Lower Bollinger Band 54.04
Percent B (%b) 0.39
BandWidth 4.31
MACD Line 0.04
MACD Signal Line 0.18
MACD Histogram -0.1356
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 55.09
Resistance 3 (R3) 55.11 55.08 55.07
Resistance 2 (R2) 55.08 55.05 55.07 55.06
Resistance 1 (R1) 55.02 55.02 55.01 55.01 55.06
Pivot Point 54.99 54.99 54.98 54.98 54.99
Support 1 (S1) 54.93 54.96 54.92 54.92 54.87
Support 2 (S2) 54.90 54.94 54.90 54.86
Support 3 (S3) 54.84 54.90 54.85
Support 4 (S4) 54.83