Technical Analysis for ZMLP - Direxion Zacks MLP High Income Shares

Grade Last Price % Change Price Change
grade B 13.98 -0.36% -0.05
ZMLP closed down 0.36 percent on Monday, May 20, 2019, on 1.13 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. 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 Down Up Up
See historical ZMLP trend table...

Date Alert Name Type % Chg
Stochastic Sell Signal Bearish 0.00%
Narrow Range Bar Range Contraction 0.00%
NR7 Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Walk Strength -0.36%
Overbought Stochastic Strength -0.36%
Upper Bollinger Band Touch Strength -0.36%
Above Upper BB Strength -0.78%
Gapped Up Strength -0.78%
Overbought Stochastic Strength -0.78%

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: 2 bullish, 1 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 18,364
200-Day Moving Average 14.2951
50-Day Moving Average 13.7062
20-Day Moving Average 13.7262
10-Day Moving Average 13.7935
Average True Range 0.1608
ADX 13.41
+DI 32.4628
-DI 20.3864
Chandelier Exit (Long, 3 ATRs ) 13.6376
Chandelier Exit (Short, 3 ATRs ) 13.8024
Upper Bollinger Band 14.1276
Lower Bollinger Band 13.3248
Percent B (%b) 0.82
BandWidth 5.848669
MACD Line 0.0773
MACD Signal Line 0.0267
MACD Histogram 0.0507
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 14.09
Resistance 3 (R3) 14.09 14.05 14.07
Resistance 2 (R2) 14.05 14.03 14.05 14.06
Resistance 1 (R1) 14.02 14.01 14.00 14.02 14.06
Pivot Point 13.98 13.98 13.98 13.98 13.98
Support 1 (S1) 13.95 13.96 13.93 13.95 13.90
Support 2 (S2) 13.91 13.94 13.91 13.90
Support 3 (S3) 13.88 13.91 13.89
Support 4 (S4) 13.88