DIREXION DAILY EL & AV BULL2 (EVAV) Stock Technical Analysis
NYSEARCA:EVAV - NYSE Arca - US25460G1461 - ETF - Currency: USD
Taking everything into account, EVAV scores 6 out of 10 in our technical rating. EVAV has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
Warning: EVAV has an average volume of 13392 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, EVAV did better than 70% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
EVAV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EVAV is lagging the market.
In the last month EVAV has a been trading in the 21.19 - 26.79 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, EVAV does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 22.48, a Stop Loss order could be placed below this zone.
More info and screens
20.43
30.00
We found 3 important support areas.
- A support zone ranging from 22.22 to 22.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 21.31 to 21.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.64 from a trend line in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 23.67 to 24.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 24.80 to 24.84. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @25.98 from a trend line in the daily time frame.
- Resistance @26.63 from a horizontal line in the daily time frame.
- Resistance @29.70 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.41
Mansfield0.9
10 Day High26.79
10 Day Low21.64
20 Day High26.79
20 Day Low21.19
52 Week High39.44
52 Week Low13.2
Performance
1 Week-3.84%
2 Weeks0.88%
1 Month-1.43%
3 Month15.78%
6 Month37.81%
12 Month-1.06%
2 Year-68.98%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.16
RSI(14)48.33
LBB20.93
UBB26.41
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 24.05 | 22.21 | 1.84 (7.65%) | 13.07% |
| An entry @24.05. This is a Buy Stop order right above the resistance zone. | An exit @22.21. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.84 points, which is 7.65%. | For a 1.00% total portfolio risk, you can invest 13.07% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of EVAV. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSEARCA:EVAV (2/21/2025, 8:16:18 PM)
23.4694
-1.68 (-6.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-6.67%
1 Week-3.84%
2 Weeks0.88%
1 Month-1.43%
3 Month15.78%
6 Month37.81%
12 Month-1.06%
2 Year-68.98%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.51
ATR(20)%6.47%
ATR Inc24.82%
Range Today2.23
ADR(20)1.19
ADR(20)%5.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.41
Mansfield0.9
10 Day High26.79
10 Day Low21.64
20 Day High26.79
20 Day Low21.19
52 Week High39.44
52 Week Low13.2
CS1 End22.48
CR1 Start23.67
Volume & EV
DER(3)-18.4%
DER(5)-21.29%
Volume11.60K
Volume Incr15.48%
Vol(5)8.54K
Vol(50)13.39K