DIREXION JDST BEAR 2X SHARES - 15 min. - Technical analysis published on 05/13/2021 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 9.40 USD
My targets
9.88 USD (+2.04%)
10.25 USD (+5.92%)
My analysis
DIREXION JDST BEAR 2X SHARES is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 9.40 USD. The next resistance located at 9.88 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 10.25 USD. After this resistance, buyers could then target 10.67 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
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Additional analysis
Quotes
The DIREXION JDST BEAR 2X SHARES price is 9.68 USD. The price has increased by +2.87% since the last closing and was traded between 9.39 USD and 9.74 USD over the period. The price is currently at +3.09% from its lowest and -0.62% from its highest.9.39
9.74
9.68
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DIREXION JDST BEAR 2X SHARES:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this DIREXION JDST BEAR 2X SHARES chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Resistance of channel is broken
Type : Bullish
Timeframe : 15 minutes
Resistance of triangle is broken
Type : Bullish
Timeframe : 15 minutes
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.89 | 9.32 | 9.67 | 9.68 | 10.22 | 10.67 | 11.12 |
| Change (%) | -8.16% | -3.72% | -0.10% | - | +5.58% | +10.23% | +14.88% |
| Change | -0.79 | -0.36 | -0.01 | - | +0.54 | +0.99 | +1.44 |
| Level | Minor | Major | Minor | - | Intermediate | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.42 | 8.66 | 9.03 | 9.27 | 9.64 | 9.88 | 10.25 |
| Camarilla | 9.24 | 9.30 | 9.35 | 9.41 | 9.47 | 9.52 | 9.58 |
| Woodie | 8.50 | 8.69 | 9.11 | 9.30 | 9.72 | 9.91 | 10.33 |
| Fibonacci | 8.66 | 8.89 | 9.03 | 9.27 | 9.50 | 9.64 | 9.88 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.03 | 7.95 | 8.48 | 9.40 | 9.93 | 10.85 | 11.38 |
| Camarilla | 8.60 | 8.73 | 8.87 | 9.00 | 9.13 | 9.27 | 9.40 |
| Woodie | 6.83 | 7.85 | 8.28 | 9.30 | 9.73 | 10.75 | 11.18 |
| Fibonacci | 7.95 | 8.51 | 8.85 | 9.40 | 9.96 | 10.30 | 10.85 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.71 | 7.99 | 9.34 | 10.62 | 11.97 | 13.25 | 14.60 |
| Camarilla | 9.98 | 10.22 | 10.46 | 10.70 | 10.94 | 11.18 | 11.42 |
| Woodie | 6.76 | 8.01 | 9.39 | 10.64 | 12.02 | 13.27 | 14.65 |
| Fibonacci | 7.99 | 8.99 | 9.61 | 10.62 | 11.62 | 12.24 | 13.25 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 64.29 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | 12.66 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 9.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.39 | |
| Elder Ray (13): | 0.07 | |
| Super Trend (3,10): | 9.39 | |
| Zig ZAG (10): | 9.66 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 52.58 | |
| TEMA (21): | 9.54 | |
| Williams %R (14): | -54.90 | |
| Chande Momentum Oscillator (20): | 0.19 | |
| Repulse (5,40,3): | -0.5500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 4.49 |
| MA7: | 9.36 | |
| MA20: | 9.73 | |
| MA50: | 10.75 | |
| MA100: | 10.63 | |
| MAexp7: | 9.48 | |
| MAexp20: | 9.52 | |
| MAexp50: | 9.39 | |
| MAexp100: | 9.33 | |
| Price / MA7: | +3.42% | |
| Price / MA20: | -0.51% | |
| Price / MA50: | -9.95% | |
| Price / MA100: | -8.94% | |
| Price / MAexp7: | +2.11% | |
| Price / MAexp20: | +1.68% | |
| Price / MAexp50: | +3.09% | |
| Price / MAexp100: | +3.75% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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