DIREXION DAILY FTSE CHINA BULL 3X SHARE

YINN

- USD (-)

- 15 min delayed data - NYSE MKT Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	ETF
Ticker:	YINN
ISIN:

DIREXION DAILY FTSE CHINA BULL 3X SHARE - Daily - Technical analysis published on 11/10/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

DIREXION DAILY FTSE CHINA BULL 3X SHARE - Daily

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bullish

Technical indicators

17%

56%

28%

My opinion

Bearish under 32.83 USD

My targets

22.74 USD (-29.23%)

21.75 USD (-32.31%)

My analysis

The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for DIREXION DAILY FTSE CHINA BULL 3X SHARE as long as the price remains well below 32.83 USD. The next bearish objective for sellers is set at 22.74 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 21.75 USD. In case of crossing, the next objective would be the support located at 20.13 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 22.74 USD. With this support, against the trend traders who want to buy DIREXION DAILY FTSE CHINA BULL 3X SHARE on a buy signal from their trading strategy should not hesitate to act.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

1.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by eliro. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

DIREXION DAILY FTSE CHINA BULL 3X SHARE rating 32.13 USD. The price registered a decrease of -16.61% on the session and was traded between 31.55 USD and 34.10 USD over the period. The price is currently at +1.84% from its lowest and -5.78% from its highest.

31.55

34.10

32.13

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by DIREXION DAILY FTSE CHINA BULL 3X SHARE:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of DIREXION DAILY FTSE CHINA BULL 3X SHARE in Daily shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Abandoned baby evening star

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	20.13	32.13	32.83	58.57	72.44
Change (%)	-37.35%	-	+2.18%	+82.29%	+125.46%
Change	-12.00	-	+0.70	+26.44	+40.31
Level	Major	-	Major	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	28.54	30.04	31.09	32.59	33.64	35.14	36.19
Camarilla	31.43	31.66	31.90	32.13	32.36	32.60	32.83
Woodie	28.31	29.93	30.86	32.48	33.41	35.03	35.96
Fibonacci	30.04	31.02	31.62	32.59	33.57	34.17	35.14

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.75	26.65	29.39	34.29	37.03	41.93	44.67
Camarilla	30.03	30.73	31.43	32.13	32.83	33.53	34.23
Woodie	20.67	26.11	28.31	33.75	35.95	41.39	43.59
Fibonacci	26.65	29.57	31.37	34.29	37.21	39.01	41.93

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-5.76	12.50	22.74	41.00	51.24	69.50	79.74
Camarilla	25.14	27.76	30.37	32.98	35.59	38.21	40.82
Woodie	-9.77	10.50	18.73	39.00	47.23	67.50	75.73
Fibonacci	12.50	23.39	30.11	41.00	51.89	58.61	69.50

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):	45.82
MACD (12,26,9):	0.0000
Directional Movement:	-3.80
AROON (14):	-7.14
DEMA (21):	35.06
Parabolic SAR (0,02-0,02-0,2):	30.93
Elder Ray (13):	-1.77
Super Trend (3,10):	41.32
Zig ZAG (10):	31.73
VORTEX (21):	0.8100
Stochastique (14,3,5):	40.79
TEMA (21):	33.46
Williams %R (14):	-97.06
Chande Momentum Oscillator (20):	-2.57
Repulse (5,40,3):	-6.0100
ROCnROLL:	2
TRIX (15,9):	0.0900
Courbe Coppock:	0.68

MA7:	34.34
MA20:	34.24
MA50:	32.35
MA100:	27.26
MAexp7:	34.45
MAexp20:	34.74
MAexp50:	32.66
MAexp100:	29.42
Price / MA7:	-6.44%
Price / MA20:	-6.16%
Price / MA50:	-0.68%
Price / MA100:	+17.87%
Price / MAexp7:	-6.73%
Price / MAexp20:	-7.51%
Price / MAexp50:	-1.62%
Price / MAexp100:	+9.21%

Quotes : - 15 min delayed data - NYSE MKT Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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