Technical Analysis for WEBS - Direxion Daily Dow Jones Internet Bear 3X Shares

Grade Last Price % Change Price Change
D 6.76 0.90% 0.06
WEBS closed down 7.97 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.
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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
20 DMA Support Bullish 0.90%
Slingshot Bullish Bullish Swing Setup 0.90%
NR7 Range Contraction 0.90%
Gapped Down Weakness 0.90%
Gilligan's Island Sell Setup Bearish Swing Setup -7.14%
Gapped Up Strength -7.14%
Upper Bollinger Band Touch Strength -7.14%
Slingshot Bullish Bullish Swing Setup -2.03%
Upper Bollinger Band Walk Strength -2.03%
Overbought Stochastic Strength -2.03%

   Recent Intraday Alerts

Alert Time
Possible NR7 7 minutes ago
20 DMA Resistance about 3 hours ago
Fell Below 20 DMA about 3 hours ago
2x Volume Pace about 4 hours ago
1.5x Volume Pace 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 daily performance of the Dow Jones Internet Composite Index. The fund, under normal circumstances, invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund's net assets. The index includes companies that generate at least 50% of their annual sales/revenue from the internet as determined by the index provider. It is non-diversified.
Classification

Keywords: Exchange Traded Fund ETF Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Internet Composite Index

Is WEBS 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 21.886
52 Week Low 5.9477
Average Volume 587,056
200-Day Moving Average 10.06
50-Day Moving Average 6.58
20-Day Moving Average 6.68
10-Day Moving Average 7.07
Average True Range 0.41
RSI (14) 49.24
ADX 18.33
+DI 30.13
-DI 25.01
Chandelier Exit (Long, 3 ATRs) 6.54
Chandelier Exit (Short, 3 ATRs) 7.24
Upper Bollinger Bands 7.56
Lower Bollinger Band 5.80
Percent B (%b) 0.51
BandWidth 26.37
MACD Line 0.16
MACD Signal Line 0.12
MACD Histogram 0.0379
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 7.09
Resistance 3 (R3) 7.12 7.01 7.03
Resistance 2 (R2) 7.01 6.91 7.00 7.00
Resistance 1 (R1) 6.86 6.85 6.81 6.83 6.98
Pivot Point 6.75 6.75 6.73 6.74 6.75
Support 1 (S1) 6.60 6.65 6.55 6.57 6.42
Support 2 (S2) 6.49 6.59 6.48 6.40
Support 3 (S3) 6.34 6.49 6.38
Support 4 (S4) 6.31