Technical Analysis for YANG - Direxion Daily China Bear 3x Shares

Grade Last Price % Change Price Change
grade D 49.99 -0.26% -0.13
YANG closed down 0.26 percent on Friday, November 15, 2019, on 59 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. 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 Flat Down Up
See historical YANG trend table...

Date Alert Name Type % Chg
200 DMA Support Bullish 0.00%
Narrow Range Bar Range Contraction 0.00%
NR7 Range Contraction 0.00%
Multiple of Ten Bearish Other 0.00%
Overbought Stochastic Strength 0.00%
50 DMA Resistance Bearish -0.26%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup -0.26%
Crossed Above 200 DMA Bullish -0.26%
Stochastic Reached Overbought Strength -0.26%
Multiple of Ten Bullish Other -0.26%

Older signals for YANG ...

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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 BNY China Select ADR Index. The fund creates short positions by investing at least 80% of its assets in financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The index is a free float-adjusted capitalization-weighted index designed by the BNY Mellon to track the performance of a basket of companies who have their primary equity listing on a Chinese stock exchange or that also have depositary receipts that trade on a U.S. exchange or on the NASDAQ. The fund is non-diversified.
Exchange Traded Fund Stock Market Index Stock Market Indices Capitalization Weighted Index Economy Of New York City The Bank Of New York Mellon
Is YANG a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 2 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 72.28
52 Week Low 39.34
Average Volume 262,309
200-Day Moving Average 49.977
50-Day Moving Average 50.3138
20-Day Moving Average 47.659
10-Day Moving Average 46.623
Average True Range 1.6417
ADX 17.05
+DI 37.7825
-DI 29.1811
Chandelier Exit (Long, 3 ATRs ) 45.9749
Chandelier Exit (Short, 3 ATRs ) 47.7551
Upper Bollinger Band 51.9289
Lower Bollinger Band 43.3891
Percent B (%b) 0.77
BandWidth 17.918546
MACD Line -0.6649
MACD Signal Line -1.322
MACD Histogram 0.6572
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 50.94
Resistance 3 (R3) 50.92 50.58 50.78
Resistance 2 (R2) 50.58 50.34 50.59 50.73
Resistance 1 (R1) 50.29 50.19 50.12 50.31 50.68
Pivot Point 49.95 49.95 49.86 49.96 49.95
Support 1 (S1) 49.65 49.71 49.48 49.67 49.30
Support 2 (S2) 49.31 49.56 49.32 49.25
Support 3 (S3) 49.02 49.31 49.20
Support 4 (S4) 49.04