Technical Analysis for TECS - Direxion Technology Bear 3X Shares

Grade Last Price % Change Price Change
D 8.58 -1.15% -0.10
TECS closed down 1.15 percent on Monday, April 29, 2024, on 88 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.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Gapped Down Weakness 0.00%
Gapped Down Weakness -1.15%
Pocket Pivot Bullish Swing Setup -4.45%
Wide Bands Range Expansion -4.45%
Gapped Up Strength -4.45%
Wide Bands Range Expansion -3.70%
Overbought Stochastic Strength -3.70%
Down 3 Days in a Row Weakness -3.70%

   Recent Intraday Alerts

Alert Time
Gap Down Closed about 3 hours ago
Reversed from Down about 3 hours ago
60 Minute Opening Range Breakout about 3 hours ago
Possible NR7 about 4 hours ago
Possible Inside Day about 4 hours ago

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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 Technology Select Sector Index. The fund, under normal circumstances, 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 includes domestic companies from the following industries: computers & peripherals; software; diversified telecommunications services; communications equipment; semiconductors & seminconductor equipment; internet software & services; IT services; etc. The fund is non-diversified.
Classification

Keywords: Exchange Traded Fund ETF Private Equity Leveraged ETF Ultra ETF Semiconductor Inverse ETF Bear Market ETF Communications Equipment Telecommunications Service Internet Software Technology Select Sector Index Seminconductor Equipment

Is TECS 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 22.399
52 Week Low 7.25
Average Volume 13,084,840
200-Day Moving Average 11.30
50-Day Moving Average 8.08
20-Day Moving Average 8.47
10-Day Moving Average 8.97
Average True Range 0.41
RSI (14) 51.92
ADX 18.18
+DI 29.29
-DI 24.10
Chandelier Exit (Long, 3 ATRs) 8.56
Chandelier Exit (Short, 3 ATRs) 8.71
Upper Bollinger Bands 9.64
Lower Bollinger Band 7.30
Percent B (%b) 0.55
BandWidth 27.58
MACD Line 0.27
MACD Signal Line 0.26
MACD Histogram 0.0069
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 8.90
Resistance 3 (R3) 8.91 8.82 8.85
Resistance 2 (R2) 8.82 8.74 8.82 8.83
Resistance 1 (R1) 8.70 8.69 8.76 8.69 8.81
Pivot Point 8.61 8.61 8.64 8.60 8.61
Support 1 (S1) 8.49 8.53 8.55 8.47 8.35
Support 2 (S2) 8.40 8.48 8.39 8.33
Support 3 (S3) 8.27 8.40 8.31
Support 4 (S4) 8.26