Technical Analysis for ZMLP - Direxion Zacks MLP High Income Shares

Grade Last Price % Change Price Change
grade B 13.98 1.30% 0.18
ZMLP closed up 1.3 percent on Monday, July 22, 2019, on 1.86 times normal volume. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above that critical trendline.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Up Up Up
See historical ZMLP trend table...

Date Alert Name Type % Chg
Crossed Above 200 DMA Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Cup with Handle Other 0.00%
Gapped Up Strength 0.00%
200 DMA Resistance Bearish 1.30%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 1.30%
Pocket Pivot Bullish Swing Setup 1.30%
Cup with Handle Other 1.30%
Inside Day Range Contraction 1.30%
200 DMA Resistance Bearish 1.45%

Older signals for ZMLP ...

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Profile
The investment seeks investment results, before fees and expenses, that track the price and yield performance of the Zacks MLP Index. The fund, under normal circumstances, invests at least 80% of its net assets in the securities that comprise the Zacks MLP Index (the "index") and/or investments that have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is comprised of approximately 25 securities selected, based on investment and other criteria, from a universe of master limited partnerships ("MLPs") listed on domestic exchanges. The fund is non-diversified.
Corporate Finance Net Asset Value Alerian Legal Entities Master Limited Partnership Steelpath
Is ZMLP a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 3 bullish, 0 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 16.6
52 Week Low 11.45
Average Volume 27,429
200-Day Moving Average 13.8001
50-Day Moving Average 13.7598
20-Day Moving Average 13.723
10-Day Moving Average 13.867
Average True Range 0.1296
ADX 11.49
+DI 31.998
-DI 23.8373
Chandelier Exit (Long, 3 ATRs ) 13.5912
Chandelier Exit (Short, 3 ATRs ) 13.6889
Upper Bollinger Band 14.1144
Lower Bollinger Band 13.3316
Percent B (%b) 0.83
BandWidth 5.704292
MACD Line 0.0573
MACD Signal Line 0.0389
MACD Histogram 0.0184
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 14.17
Resistance 3 (R3) 14.15 14.07 14.14
Resistance 2 (R2) 14.07 14.02 14.08 14.13
Resistance 1 (R1) 14.02 13.99 14.04 14.04 14.12
Pivot Point 13.94 13.94 13.95 13.95 13.94
Support 1 (S1) 13.89 13.89 13.92 13.92 13.84
Support 2 (S2) 13.81 13.86 13.82 13.83
Support 3 (S3) 13.77 13.81 13.82
Support 4 (S4) 13.79