Technical Analysis for CHAU - Direxion Daily CSI 300 China A Share Bull 2X Shares
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 14.73 | 3.41% | 0.49 |
CHAU closed up 3.11 percent on Friday, April 26, 2024, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Flat | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Crossed Above 20 DMA | Bullish | 3.41% | |
| Crossed Above 50 DMA | Bullish | 3.41% | |
| MACD Bullish Signal Line Cross | Bullish | 3.41% | |
| NR7 | Range Contraction | 3.41% | |
| Narrow Range Bar | Range Contraction | 3.41% | |
| Gapped Up | Strength | 3.41% | |
| Up 3 Days in a Row | Strength | 3.41% | |
| NR7 | Range Contraction | 7.88% | |
| NR7-2 | Range Contraction | 7.88% | |
| Narrow Range Bar | Range Contraction | 7.88% |
| Alert | Time |
|---|---|
| 200 DMA Resistance | about 3 hours ago |
| Rose Above 200 DMA | about 3 hours ago |
| Up 3% | about 3 hours ago |
| 60 Minute Opening Range Breakout | about 4 hours ago |
| 2x Volume Pace | about 6 hours ago |
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The investment seeks daily investment results, before fees and expenses, of 200% of the performance of the CSI 300 Index.
The fund, under normal circumstances, creates long positions by investing at least 80% of its assets in financial instruments that provide leveraged and unleveraged exposure to the CSI 300 Index ("index"). The index is a modified free-float market capitalization weighted index comprised of the largest and most liquid stocks in the Chinese A-share market.
Keywords: Exchange Traded Fund ETF Stock Market Index Leveraged ETF Ultra ETF Fundamentally Based Indexes Csi Csi 300 Index Shanghai Shenzhen Csi 300 Index
Classification
Keywords: Exchange Traded Fund ETF Stock Market Index Leveraged ETF Ultra ETF Fundamentally Based Indexes Csi Csi 300 Index Shanghai Shenzhen Csi 300 Index
Top 10 Components
| Symbol | Grade | Price % Change | Allocation | |
|---|---|---|---|---|
| ASHR | A | 1.67 | 48.73 |
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 20.9512 |
| 52 Week Low | 11.2472 |
| Average Volume | 147,765 |
| 200-Day Moving Average | 14.74 |
| 50-Day Moving Average | 13.99 |
| 20-Day Moving Average | 13.94 |
| 10-Day Moving Average | 13.90 |
| Average True Range | 0.29 |
| RSI (14) | 55.75 |
| ADX | 10.18 |
| +DI | 44.13 |
| -DI | 35.01 |
| Chandelier Exit (Long, 3 ATRs) | 13.61 |
| Chandelier Exit (Short, 3 ATRs) | 14.08 |
| Upper Bollinger Bands | 14.54 |
| Lower Bollinger Band | 13.34 |
| Percent B (%b) | 0.75 |
| BandWidth | 8.65 |
| MACD Line | -0.02 |
| MACD Signal Line | -0.03 |
| MACD Histogram | 0.0098 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 14.33 | ||||
| Resistance 3 (R3) | 14.33 | 14.29 | 14.32 | ||
| Resistance 2 (R2) | 14.29 | 14.27 | 14.30 | 14.31 | |
| Resistance 1 (R1) | 14.27 | 14.26 | 14.28 | 14.27 | 14.30 |
| Pivot Point | 14.23 | 14.23 | 14.24 | 14.24 | 14.23 |
| Support 1 (S1) | 14.21 | 14.21 | 14.22 | 14.21 | 14.18 |
| Support 2 (S2) | 14.17 | 14.20 | 14.18 | 14.17 | |
| Support 3 (S3) | 14.15 | 14.17 | 14.17 | ||
| Support 4 (S4) | 14.15 |
