Category: Stock & ETF Research

XLE, the Energy Select Sector SPDR Fund ETF has advanced +9.8% over the past year, gaining +14.46% since their 52-week low in January of 2024, while currently sitting -8.7% below their 52-week high set in April of 2024 (all figures exclude distributions).

Some of their top holdings include Exxon Mobil Corp. (XOM), Chevron Corp (CVX), ConocoPhillips (COP), Williams Cos. Inc. (WMB), EOG Resources Inc. (EOG), ONEOK Inc. (OKE), Schlumberger Ltd. (SLB), Phillips 66 (PSX), Kinder Morgan Inc. (KMI) & Marathon Petroleum Corp. (MPC)

Below is a brief technical analysis of XLE, as well as a price level:volume sentiment analysis of the price levels XLE has traded at over the ~2 years.

Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past investor behavior.

It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on XLE.

XLE, The Energy Select Sector SPDR Fund ETF’s Technical Performance Broken Down

Their RSI is trending towards the oversold 30-level & sits at 34.65, while their MACD is bearish following the declines of the past two weeks.

Volumes over the past week & a half have been -19.86% lower than the previous year’s average level (11,968,750 vs. 14,934,861.66), as market participants as a whole have been less active than normal while major indexes sit near all-time highs.

Last Monday continued the steep slide that XLE’s prices took in the previous week after the previous Friday’s session took a breather with a spinning top candle, indicating uncertainty among market participants.

The next day the selling continued with the session closing to form a bearish harami pattern with the prior day’s session.

Wednesday confirmed that risk-off was still on, when the session opened lower & on the highest volume of the past couple of weeks drifted down to briefly cross the 50 day moving average’s support, but was able to recover a little bit to close just above the 50 DMA.

Thursday there was a brief moment of calm again as the eye of the storm produced a doji candle that opened and closed as a slightly advancing session, but while the volume behind it was stronger than all but one of the previous week’s sessions, it was not strong enough to mark a reversal.

Friday ended the week with a risk-off into the weekend session, as the day opened lower & broke through the 50 DMA’s support on stronger volume than Thursday’s advancing session, indicating that the bearish sentiment was no where near over yet.

Monday opened higher & tested briefly above the resistance of the 50 day moving average, before ultimately tumbling lower.

This Tuesday exposed the real lack of confidence in the energy sector, as much like Monday the session opened higher, but proceeded to decline through the support of the 200 day moving average, marking extreme bearish sentiment as the long-term trend line was broken.

Wednesday currently looks to be another eye of the hurricane type of session, as the session opened in-line with the 200 DMA, tested higher & lower but ultimately closed as a doji.

Despite having similar volume to the two prior days’ sessions, there was not enough push for XLE’s trend to reverse, which led to today’s gap down open that as of 12:35 PM has produced a -0.45% daily return.

Given how strong this decline has been it is important to understand how investors have behaved historically at different price levels XLE has traded at in order to assess the strength of their support/resistance levels.

The section below lays out how the buyers & sellers have met at each price level XLE has traded at over the past ~2 years.

While it is not indicative of future performance, history repeats itself & or rhymes & this can be used as a barometer to anticipate how market participants may behave when faced with these price levels again.

Price Level:Volume Sentiment Analysis For XLE, The Energy Select Sector SPDR Fund ETF

The top table below shows the support & resistance levels of XLE from the past year’s chart, as well as their price level:volume sentiment at each from data covering the past ~2 years, using Wednesday 11/20/24’s mid-session price for their price & moving averages/other technicals.

The moving averages are denoted with bold.

The next charts show the volume sentiment at each individual price level XLE has traded at over the past ~2 years.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on XLE.

$98 – NULL – 0:0*, +9.11% From Current Price

$97 – Buyers – 0.6:0*, +7.99% From Current Price

$96 – Buyers – 3.33:1, +6.88% From Current Price

$95 – Sellers – 1.29:1, +5.77% From Current Price

$94 – Buyers – 1.47:1, +4.65% From Current Price

$93 – Buyers – 2.45:1, +3.54% From Current Price

$92 – Buyers – 1.41:1, +2.43% From Current Price – 10 & 50 Day Moving Averages**

$91 – Buyers – 2.28:1, +1.31% From Current Price

$90 – Buyers – 1.53:1, +0.2% From Current Price – 200 Day Moving Average*

$89 – Buyers – 1.82:1, -0.91% From Current Price – Current Price Level*

$88 – Sellers – 1.1:1, -2.03% From Current Price

$87 – Sellers – 1.02:1, -3.14% From Current Price

$86 – Buyers – 1.67:1, -4.25% From Current Price

$85 – Buyers – 1.11:1, -5.37% From Current Price

$84 – Buyers – 1.54:1, -6.48% From Current Price

$83 – Sellers – 1.33:1, -7.59% From Current Price

$82 – Buyers – 1.67:1, -8.71% From Current Price

$81 – Sellers – 1.59:1, -9.82% From Current Price

$80 – Sellers – 1.77:1, -10.93% From Current Price

$79 – Sellers – 1.05:1, -12.05% From Current Price

$78 – Sellers – 1.14:1, -13.16% From Current Price

$77 – Sellers – 1.14:1, -14.27% From Current Price

$76 – Buyers – 1.9:1, -15.39% From Current Price

$75 – Sellers – 1.22:1, -16.5% From Current Price

$74 – Sellers – 2.29:1, -17.61% From Current Price

$73 – Buyers – 2.2:1, -18.73% From Current Price

$72 – Sellers – 2.6:0*, -19.84% From Current Price

$71 – NULL – 0:0*, -20.95% From Current Price

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN XLE AT THE TIME OF PUBLISHING THIS ARTICLE ***

XLK, the Technology Select Sector SPDR Fund ETF has gained +31.54% over the past year, advancing +32.99% from their 52-week low in December of 2023 & sitting just -0.04% below their 52-week high (all figures exclude distributions).

This has been an interesting year for technology related stocks, as the AI craze has caused a lot of the market’s upward movement, causing investors & speculators to dive into the market in hopes of not missing the boat.

With high flying names such as Apple Inc. (AAPL), NVIDIA Corp. (NVDA), Microsoft Corp. (MSFT), Broadcom Inc. (AVGO), Salesforce Inc. (CRM), Oracle Corp. (ORCL), Cisco Systems Inc. (CSCO), Adobe Inc. (ADBE), Advanced Micro Devices (AMD) & ServiceNow Inc. (NOW) it is easy to see how they’ve enjoyed such a strong year, given that these names have dominated financial media & headlines for 2024.

Given how close XLK is to its all time high it is worth checking in to see how market participants have behaved at their recent price levels in order to assess the strength or weakness of their current support levels in the event of a downside retest on the horizon.

Below is a brief technical analysis of XLK, as well as a price level:volume sentiment analysis of the price levels XLK has traded at over the ~2 years.

Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past investor behavior.

It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on XLK.

XLK, The Technology Select Sector SPDR Fund ETF’s Technical Performance Broken Down

Their RSI is currently trending back down towards the neutral mark & sits at 63.9 after approaching the overbought level & their MACD is bullish but beginning to curl over bearishly today after yesterday’s gap up session.

Volumes were -33.52% below the previous year’s average over the past week & a half (3,758,571.43 vs. 5,654,110.67), as investors have become very skittish near their all-time high which was set on yesterday following a +1.83% gap up.

Last Monday kicked the shortened holiday week off on a bearish note when prices opened higher than Friday’s close, but throughout the day trended lower, eventually testing the support of the 10 day moving average before closing above it.

Tuesday’s session produced a harami cross, indicating that there was uncertainty around XLK’s price on a light volume session.

Wednesday opened on a gap lower, broke down through the 10 DMA’s support & approached the 50 DMA’s support but did not test it, instead rallying to close just below the 10 day moving average the day before Thanksgiving.

Friday naturally produced the lowest volume session of the past week & a half as it was a half day after a holiday, but XLK was able to open at the 10 DMA, test lower briefly, before powering through it & closing in the window created the day prior.

Monday continued the rally for XLK, as did Tuesday as the day’s lows were all ascending & above the 10 day moving average’s support.

Yesterday’s gap up session will be worth keeping an eye on in the coming days, particularly given that today’s session seems ready to close in a bearish harami formation, which would signal that there will likely be a closing of the window on the near-term horizon.

It will also be worth watching volume in the near term, as there will need to be some extra participation to continue marching XLK higher, and watching volume trends will make it easier to gauge when profits will be taken if prices are unable to continue higher.

The section below lays out how the buyers & sellers have met at each price level XLK has traded at over the past ~2 years.

While it is not indicative of future performance, history repeats itself & or rhymes & this can be used as a barometer to anticipate how market participants may behave when faced with these price levels again.

Price Level:Volume Sentiment Analysis For XLK, The Technology Select Sector SPDR Fund ETF

The top table below shows the support & resistance levels of XLK from the past year’s chart, as well as their price level:volume sentiment at each from data covering the past ~2 years, using Wednesday 11/20/24’s mid-session price for their price & moving averages/other technicals.

The moving averages are denoted with bold.

The next charts show the volume sentiment at each individual price level XLK has traded at over the past ~2 years.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on XLK.

$244 – NULL – 0:0*, +1.17% From Current Price Level

$240 – NULL – 0:0*, -0.49% From Current Price Level – Current Price Level*

$236 – Buyers – 3.67:1, -2.14% From Current Price Level

$232 – Buyers – 2:1, -3.8% From Current Price Level – 10 Day Moving Average*

$228 – Sellers – 1.03:1, -5.46% From Current Price Level – 50 Day Moving Average*

$224 – Buyers – 3.17:1, -7.12% From Current Price Level

$220 – Sellers – 1.05:1, -8.78% From Current Price Level

$216 – Buyers – 1.04:1, -10.44% From Current Price Level – 200 Day Moving Average*

$212 – Buyers – 1.59:1, -12.1% From Current Price Level

$208 – Buyers – 1.81:1, -13.75% From Current Price Level

$204 – Buyers – 1.39:1, -15.41% From Current Price Level

$200 – Buyers – 1.08:1, -17.07% From Current Price Level

$198 – Buyers – 1.11:1, -17.9% From Current Price Level

$196 – Sellers – 2.13:1, -18.73% From Current Price Level

$194 – Sellers – 1.22:1, -19.56% From Current Price Level

$192 – Buyers – 1.11:1, -20.39% From Current Price Level

$190 – Buyers – 1.64:1, -21.22% From Current Price Level

$188 – Buyers – 2.25:1, -22.05% From Current Price Level

$186 – Buyers – 2.56:1, -22.88% From Current Price Level

$184 – Buyers – 2.29:1, -23.71% From Current Price Level

$182 – Buyers – 1.36:1, -24.53% From Current Price Level

$180 – Even – 1:1, -25.36% From Current Price Level

$178 – Buyers, 1.63:1, -26.19% From Current Price Level

$176 – Buyers – 4.4:1, -27.02% From Current Price Level

$174 – Sellers – 1.33:1, -27.85% From Current Price Level

$172 – Buyers – 1.52:1, -28.68% From Current Price Level

$170 – Buyers – 1.45:1, -29.51% From Current Price Level

$168 – Buyers – 2.53:1, -30.34% From Current Price Level

$166 – Sellers – 1.05:1, -31.17% From Current Price Level

$164 – Buyers – 1.11:1, -32% From Current Price Level

$162 – Buyers – 1.89:1, -32.83% From Current Price Level

$160 – Sellers – 1.64:1, -33.66% From Current Price Level

$158 – Buyers – 1.88:1, -34.49% From Current Price Level

$156 – Buyers – 1:0*, -35.32% From Current Price Level

$154 – Sellers – 1.27:1, -36.14% From Current Price Level

$152 – Sellers – 1.5:1, -36.97% From Current Price Level

$150 – Buyers – 1.5:1, -37.8% From Current Price Level

$148 – Sellers – 1.2:1, -38.63% From Current Price Level

$146 – Even – 1:1, -39.46% From Current Price Level

$144 – Sellers – 1.06:1, -40.29% From Current Price Level

$142 – Buyers – 1.69:1, -41.12% From Current Price Level

$140 – Buyers – 1.54:1, -41.95% From Current Price Level

$138 – Sellers – 1.13:1, -42.78% From Current Price Level

$136 – Sellers – 1.29:1, -43.61% From Current Price Level

$134 – Buyers – 2.26:1, -44.44% From Current Price Level

$132 – Sellers – 1.4:1, -45.27% From Current Price Level

$130 – Buyers – 1.24:1, -46.1% From Current Price Level

$128 – Sellers – 1.43:1, -46.93% From Current Price Level

$126 – Sellers – 1.4:1, -47.75% From Current Price Level

$124 – Buyers – 1.5:1, -48.58% From Current Price Level

$122 – Sellers – 1.04:1, -49.41% From Current Price Level

$120 – Sellers – 1.28:1, -50.24% From Current Price Level

$118 – Buyers – 1.03:1, -51.07% From Current Price Level

$116 – Sellers – 2.2:0*, -51.9% From Current Price Level

$114 – Sellers – 2.5:0*, -52.73% From Current Price Level

$112 – NULL – 0:0*, -53.56% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN XLK AT THE TIME OF PUBLISHING THIS ARTICLE ***

NVIDIA Corp. stock trades under the ticker NVDA & has had an astounding year, advancing +191.63%, gaining +226.62% since their 52-week low in December of 2023 & sitting just -1.84% below their 52-week high from 11/8/2024 (all figures ex-dividends).

NVDA has been no stranger to our posts here this past year due to their high flying performance & the AI/Data Center Boom, which makes today’s earnings report very important as it will dictate if the major market indexes that are near all-time highs can maintain their current explosive performance.

In the event of disappointment there may be broader corrections & a pivot from the technology names & into more “concrete” names, such as the companies that build their data centers & supply the builders, as well as the utilities companies as a flight to safety & for their better dividend yields, while maintaining a focus on the future data center needs (see this post from April 2024 for some names that might make up a Synthetic A.I. ETF that excludes the technology sector).

Below is a brief technical analysis of NVDA, as well as a price level:volume sentiment analysis of the price levels NVDA has traded at over the ~8 months.

Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past investor behavior.

It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on NVDA.

NVIDIA Corp. NVDA Stock’s Technical Performance Broken Down

Their RSI is currently trending down & approaching the neutral level of 50 & currently sits at 55.59, while their MACD crossed over bearishly last week & continues to trend lower & further from the signal line.

Volumes have been -47.42% below the previous year’s average levels over the past week & a half (209,592,857.14 vs. 398,617,103.17) as market participants eagerly await to see if they can continue their steep ascent or if the AI-mania may be taking a breather/coming to an end.

From a high level it seems at least by volume that many folks are remaining content to wait & see, as there has not been much outsized declining volume in relation to advancing volume.

However, the fact that the participation rate has been effectively cut in half vs. the prior year in the last week & a half should raise an eyebrow of skepticism as it shows that either folks are sensing danger on the horizon & or are realizing that they’re near a perfect valuation & have become content, neither of which tend to be good things, especially near an earnings report.

On the same high level track note that the tops & bottoms of their price charts have been contracting (bearish) since mid-October & prices stalled out at the all-time high only 3.7% higher than the prior ATH from mid-October.

The past two weeks have also been flashing mixed signals, but the brake lights have remained on for seven of the last eleven sessions.

Two weeks ago on Wednesday NVDA gapped up along with the rest of the markets in the wake of the U.S. Presidential Election results & continued higher Thursday.

It should be noted that these volumes were muted compared to the rest of the prior year though, not indicating as much enthusiasm as most other indexes/securities.

That Friday’s declining session on a spinning top set the stage for the next week of declines, as it showed market participants were taking profits on the day of the all-time high, and there was clear uncertainty as to where the price should be.

Volume was low that day, but the seller sentiment carried on into Monday of the new week, when a bearish engulfing candle set up a three-day consolidation that took place mostly within the range of its candle’s real body.

Tuesday’s candle would constitute as a shooting star had it followed an uptrend (bearish), Wednesday’s candle formed a bearish engulfing pattern on Tuesday’s & a bearish harami was formed when Thursday’s candle advanced, but closed lower than it opened & the entire day’s range was contained within Wednesday’s real body.

None of this inspired enthusiasm among market participants, as Friday opened on a gap down in-line with the 10 day moving average’s support, before continuing lower & the lower shadow of the day’s range flirted with the $140/share level.

Monday opened lower & below the $140 mark, tested lower, but was able to close above its open, but still for a loss.

Those two days also featured some of the strongest volume of November, indicating that there was a bit of a switch in sentiment.

Yesterday featured an advancing session that was able to close above the resistance of the 10 DMA, but today has featured an open higher than yesterday that has fallen apart quickly as prices have only continued lower throughout the day since the open.

As of this writing (1:45pm) volume is roughly half of yesterday’s low level, so market participants are still sitting in anticipation of tonight’s results.

After NVDA’s aggressive gap ups in May 2024 they have somewhat traded in a consolidated range & gradually shifted higher in a similar manner to how IWM trades, which is peculiar given their market cap vs. the highest market cap in the Russell 2000.

This will be one of the most anticipated earnings reports of the past few years & there are lots of warning signs/brake lights flashing as we approach it.

I won’t get into the upside potential given how close we are to their ATH, but the downside is where more focus should be given it is relatively measurable.

The section below lays out how the buyers & sellers have met at each price level NVDA has traded at over the past ~8 months.

While it is not indicative of future performance, history repeats itself & or rhymes & this can be used as a barometer to anticipate how market participants may behave when faced with these price levels again.

Price Level:Volume Sentiment Analysis For NVIDIA Corp. NVDA Stock

The top table below shows the support & resistance levels of NVDA from the past year’s chart, as well as their price level:volume sentiment at each from data covering the past ~8 months, using Wednesday 11/20/24’s mid-session price for their price & moving averages/other technicals.

The moving averages are denoted with bold.

The next charts show the volume sentiment at each individual price level NVDA has traded at over the past ~8 months.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on NVDA.

$150 – NULL – 0:0*, +3.75% From Current Price Level

$148 – Buyers – 2.2:0*, +2.37% From Current Price Level – All Time High*

$146 – Buyers – 1.21:1, +0.98% From Current Price Level

$144 – Buyers – 1.56:1, -0.4% From Current Price Level – Current Price Level & 10 Day Moving Average**

$142 – Buyers, 1.25:1, -1.78% From Current Price Level

$140 – Sellers – 1.13:1. -3.17% From Current Price Level

$138 – Buyers – 1.19:1, -4.55% From Current Price Level

$136 – Buyers – 2.7:0*, -5.93% From Current Price Level

$134 – Buyers – 8.5:1, -7.32% From Current Price Level

$132 – Sellers – 1.69:1, -8.7% From Current Price Level – 50 Day Moving Average*

$130 – Sellers – 2:1, -8.7% From Current Price Level

$128 – Buyers – 10.64:1, -10.08% From Current Price Level

$126 – Sellers – 1.66:1, -11.47% From Current Price Level

$124 – Buyers – 2.23:1, -12.85% From Current Price Level

$122 – Buyers – 1.27:1, -14.23% From Current Price Level

$120 – Sellers – 1.27:1, -15.62% From Current Price Level

$118 – Buyers – 1.82:1, -17% From Current Price Level

$116 – Buyers – 1.05:1, -18.38% From Current Price Level

$114 – Buyers – 1.86:1, -21.15% From Current Price Level

$112 – Buyers – 1.24:1, -22.53% From Current Price Level

$110 – Sellers – 0.4:0*, -23.92% From Current Price Level – 200 Day Moving Average*

$108 – Sellers – 1.91:1, -25.3% From Current Price Level

$106 – Sellers – 1.31:1, -26.68% From Current Price Level

$104 – Buyers – 2.63:1, -28.07% From Current Price Level

$102 – Sellers – 1.02:1, -29.45% From Current Price Level

$100 – Sellers – 3:0*, -30.83% From Current Price Level

$99 – NULL – 0:0*, -31.53% From Current Price Level

$98 – Sellers – 2.2:0*, -32.22% From Current Price Level

$97 – NULL – 0:0*, -32.91% From Current Price Level

$96 – NULL – 0:0*, -33.6% From Current Price Level

$95 – Buyers – 1.8:0*, -34.29% From Current Price Level

$94 – Buyers – 2.55:1, -34.98% From Current Price Level

$93 – NULL – 0:0*, -35.68% From Current Price Level

$92 – Sellers – 2.29:1, -36.37% From Current Price Level

$91 – Buyers – 7.9:0*, -37.06% From Current Price Level

$90 – Buyers – 1.06:1, -37.75% From Current Price Level

$89 – Buyers – 2.43:1, -38.44% From Current Price Level

$88 – Sellers – 1.05:1, -39.13% From Current Price Level

$87 – Buyers – 1.41:1, -39.83% From Current Price Level

$86 – Sellers – 2:0*, -40.52% From Current Price Level

$85 – Sellers – 5.33:1, -41.21% From Current Price Level

$84 – Sellers – 1.08:1, -41.9% From Current Price Level

$83 – Sellers – 3:0*, -42.59% From Current Price Level

$82 – Buyers – 4.8:0*, -43.28% From Current Price Level

$81 – NULL – 0:0*, -43.98% From Current Price Level

$80 – NULL – 0:0*, -44.67% From Current Price Level

$79 – Buyers – 1.14:1, -45.36% From Current Price Level

$78 – NULL – 0:0*, -46.05% From Current Price Level

$77 – NULL – 0:0*, -46.74% From Current Price Level

$76 – Sellers – 4.9:0*, -47.43% From Current Price Level

$75 – NULL – 0:0*, -48.13% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACTS IN NVDA AT THE TIME OF PUBLISHING THIS ARTICLE ***

NUGT, the Direxion Daily Gold Miners Index Bull 2x Shares ETF has advanced +83.13% over the past year, adding +151.32% since their 52-week low in February of 2024, while resting -4.12% below their 52-week high set on October 22, 2024 (all figures ex-distributions).

In addition to exposure to gold miners, NUGT also offers international exposure to Canada, The U.S., Australia, South Africa, China, The U.K., Peru & Jersey.

Some of their largest holdings include Newmont Corporation (NEM), Agnico Eagle Mines Ltd. (AEM), Barrick Gold (GOLD), Wheaton Prescious Metals Corporation (WPM), Franco Nevada (FNV), Gold Fields (GFI), Zijin Mining H (ZIJMF), Northern Star Resources (NSTYY), Kinross Gold (KGC) & Anglogold (AU).

Below is a brief technical analysis of NUGT, as well as a price level:volume sentiment analysis of the price levels NUGT has traded at over the 1-2 years.

Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past investor behavior.

It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on NUGT.

Technical Analysis Of NUGT, The Direxion Daily Gold Miners Index Bull 2x Shares ETF

Their RSI has just dipped back below the overbought level of 70 & sits currently at 66.78, while their MACD is still bullish, but their histogram is beginning to signal that their uptrend may be weakening in the short-term.

Volumes were -27.38% below average over the past week & a half compared to the year prior’s average (1,710,051.25 vs. 2,354,801.93) as market participants began to get nervous near their 52-week high, which may be a sign of near-term profit taking on the horizon after the run up of the past couple of weeks.

Last week began with a retest of NUGT’s 10 day moving average’s support & the session ended in a bearish engulfing candle, giving the green light higher for investors.

It should be noted that this occurred on the lowest volume of the month though, likely as market participants were unsure if it would be able to remain above the support level or not & so they patiently awaited confirmation.

Tuesday opened higher, tested lower about midway through Monday’s trading range, before running higher & closing near the highs of the day on somewhat stronger volume than Monday, but still nothing to write home about compared to the average volume of the rest of the year.

Wednesday opened on a gap higher & tested above the $54/share mark, but closed with a hint of uncertainty & doubt as the spinning top candle’s real body was concentrated near the lower range of the day’s candlestick & it closed lower than it opened.

Volumes were much higher Wednesday, which was also a function of profit taking from the past week’s run up & the bears forcing the higher end of the day’s range to near the bottom of the candlestick to close below the open.

There was still more appetite for risk on Thursday however, as the session opened on a gap higher & while it wasn’t able to close above the $54/share mark it did test above it, but again, the session resulted in a spinning top candle as there was a great deal of uncertainty about the current NUGT valuation.

Volumes dipped day-over-day, but remained strong compared to the other days’ volumes that were noted above.

Friday the risk-on theme continued with another opening gap up that briefly tested lower before powering above the $58/share price level & closing just beneath it at $57.90/share, a day-over-day gain of +7.96% on the strongest volume seen since mid-September.

Warning signals began flashing this past Monday though, as the session opened on a gap higher to $59.50, went up to $60.19/share, before NUGT’s price collapsed to close below the open at $58.06/share.

Volume on Monday was just below that of Friday’s session, likely attributed to the day’s wide trading range & the profit taking that forced the close to be lower than the open as the gap up was unable to muster up much strength.

Tuesday opened higher & pushed up to reach the new 52-week high of $60.74 before closing at $60.40 & the low volume indicated that there was trouble on the horizon for NUGT as investors had finally seemed to have had enough risk.

This lead to yesterday’s-3.68% decline that began as a gap down that attempted to break above Tuesday’s low, but ultimately the bears took over & the price began deflating.

The size of the lower shadow indicates that there was a bit of downside appetite that market participants were interested in, but the bulls were able to force the close higher.

The lack of volume though is signaling that perhaps there is more downside appetite in the tank, particularly given how overextended the past few weeks’ run up has become.

In the coming week(s) the $55.20 support level will be an area of interest to keep an eye on, as it is the nearest support level to last night’s close.

After that investors will want to focus their attention on the support of the 10 day moving average, which will continue moving higher as days pass.

Should the 10 DMA’s support not hold up, the next support level is -6.4% away (using last night’s closing prices).

Another area to keep a keen eye on this upcoming week or two is NUGT’s volume levels, as any advances will require strong volume for confirmation at these high price levels & the strength of any declines/consolidation ranges will also be evident based on market paricipation.

It is also important to explain that when reading tables in the next section that the data should be treated as a barometer that measures Buyer:Seller pressure (or Seller:Buyer).

Due to the jumpy nature described above of NUGT’s recent advances (and declines when you look at their chart before the run up described above) there are many “Buyer” dominated zones that have either a “0” in the denominator for Seller pressure, and other ratios that are near these price extremes.

With that said, when reading the data, the $54-$54.99-price level has a 0 in the denominator due to lack of downside testing in this range compared to advancing volume.

$53-53.99/share has 1.66:1 Buyers:Sellers, which can be seen as a more sturdy support level until the $54-$54.99 level is more thoroughly tested.

Similarly, based on historic behavior of the past 1-2 years the $49-49.99/share price level is considered more sturdy support than the others as it is currently Buyer dominated at a rate of 2.43:1.

Conversely, the $48-48.99/share Seller zone is considered weaker support than the Seller zones that follow it due to the strength of its ratio.

Again, this data is for informational purposes & can be used to aid your existing due diligence process, but it is not intended to serve as financial advice.

Price Level:Volume Sentiment Analysis For NUGT, The Direxion Daily Gold Miners Index Bull 2x Shares ETF

The top table below shows the support & resistance levels of NUGT from the past year’s chart, as well as their price level:volume sentiment at each, using Wednesday 10/23/24’s closing price.

The moving averages are denoted with bold.

The next charts show the volume sentiment at each individual price level NUGT has traded at over the past 1-2 years.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on NUGT ETF.

$61 – NULL – 0:0*, +4.85% From Current Price Level

$60 – NULL – 0:0*, +3.13% From Current Price Level

$59 – NULL – 0:0*, +1.41% From Current Price Level

$58 – NULL – 0:0*, -0.31% From Current Price Level – Current Price Level*

$57 – NULL – 0:0*, -2.03% From Current Price Level

$56 – NULL – 0:0*, -3.75% From Current Price Level

$55 – NULL – 0:0*, -5.47% From Current Price Level

$54 – Buyers – 0.4:0*, -7.18% From Current Price Level – 10 Day Moving Average*

$53 – Buyers – 1.67:1, -8.9% From Current Price Level

$52 – NULL – 0:0*, -10.62% From Current Price Level

$51 – Buyers – 1.22:1, -12.34% From Current Price Level

$50 – Buyers – 1.67:1, -14.06% From Current Price Level

$49 – Buyers – 2.43:1, -15.78% From Current Price Level – 50 Day Moving Average*

$48 – Sellers – 2.4:1, -17.5% From Current Price Level

$47 – Sellers – 1.1:1, -19.22% From Current Price Level

$46 – Sellers – 1.36:1, -20.94% From Current Price Level

$45 – Buyers – 1.11:1, -22.65% From Current Price Level

$44 – Sellers – 1.35:1, -24.37% From Current Price Level

$43 – Buyers – 9:1, -26.09% From Current Price Level

$42 – Sellers – 1.5:1, -27.81% From Current Price Level

$41 – Buyers – 1.12:1, -29.53% From Current Price Level

$40 – Buyers – 2.5:1, -31.25% From Current Price Level

$39 – Buyers – 29.5:1, -32.97% From Current Price Level – 200 Day Moving Average*

$38 – Sellers – 2.33:1, -34.69% From Current Price Level

$37 – Buyers – 1.02:1, -36.4% From Current Price Level

$36 – Sellers – 2.54:1, -38.12% From Current Price Level

$35 – Buyers – 5:1, -39.84% From Current Price Level

$34 – Buyers – 2.12:1, -41.56% From Current Price Level

$33 – Sellers – 3.2:1, -43.28% From Current Price Level

$32 – Buyers – 2.67:1, -45% From Current Price Level

$31 – Buyers – 1.02:1, -46.72% From Current Price Level

$30 – Sellers – 1.04:1, -48.44% From Current Price Level

$29 – Sellers – 3:1, -50.15% From Current Price Level

$28 – Buyers – 1.85:1, -51.87% From Current Price Level

$27 – Sellers – 2.7:1, -53.59% From Current Price Level

$26 – Sellers – 2.13:1, -55.31% From Current Price Level

$25 – Buyers – 2.92:1, -57.03% From Current Price Level

$24 – Buyers – 2.18:1, -58.75% From Current Price Level

$23 – Seller s- 5.67:1, -60.47% From Current Price Level

$22 – NULL – 0:0*, -62.19% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN NUGT AT THE TIME OF PUBLISHING THIS ARTICLE ***

NAIL, the Direxion Daily Homebuilders & Supplies Bull 3x Shares ETF has had an impressive year, advancing +238.29% while gaining +245.85% since their 52-week low set in October of 2023 & sits currently -20.18% below their 52-week high from October 18, 2024 (all figures ex-distributions).

NAIL provides investors with 3x levered exposure to the homebuilders & home building supplies industry, which have had a very strong past year as shown by their past year’s performance.

Some of NAIL’s largest holdings include D.R. Horton (DHI), Lennar Corporation (LEN), NVR (NVR), Pultegroup (PHM), Lowe’s Companies Inc. (LOW), Home Depot (HD), Sherwin Williams (SHW), Toll Brothers (TOL), Topbuild Corporation (BLD) & Builders Firstsource (BLDR).

Below is a brief technical analysis of NAIL, as well as a price level:volume sentiment analysis of the price levels NAIL has traded at over the past year.

Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past investor behavior.

It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on NAIL.

Technical Analysis Of NAIL, The Direxion Daily Homebuilders & Supplies Bull 3x Shares ETF

Their RSI is currently trending towards the oversold level of 30 & sits currently at the 40.04 level, while their MACD crossed over bearishly on Monday & looks to continue downward in the near-term following yesterday’s -10.1% gap down session.

Volumes over the past week & a half have been +15.92% above the prior year’s average (364,430 vs. 314,385.65), as market participants have been eager to take profits following last Friday’s reaching of a new all-time high.

Last Monday NAIL opened on a gap up on very low volume & was able to break out above the 10 day moving average’s resistance & closed the day above it, setting the stage for reaching their new all-time high later in the week.

The low volume on such a large bullish candle did add a hint of skepticism about how strong the move actually was though, as there was not a great deal of participation despite the day’s wide trading range & higher close that resulted.

Tuesday confirmed this, when despite gapping up again on the open (which also is a function of the 3x leverage at play), NAIL continued higher to the $174/share mark before the bears stepped in & forced the closing price down to $167.26 (-3.87% lower from high to close).

It should be noted that the spinning top candle is concentrated near the bottom of the day’s range, indicating that market participants were showing uncertainty in the direction as to where NAIL’s shares should be valued.

Tuesday’s session’s volume was slightly higher than Monday’s, likely due to the profit taking in that 3.87% window after a few days of gains, but it was still relatively low, indicating weakness & a lack of conviction behind the move.

Wednesday opened on another gap up at $171.38 & moved higher, but still closed as a spinning top candle at $174.26, which when paired with the even lower volumes than the prior two days had indicates that investors were on edge & becoming cautious as prices approached their previous all-time high that was set in September.

The end of the line came in sight on Thursday, when the session opened higher & closed lower, resulting in a bearish engulfing candle as investors took profits from the prior days’ gap ups, although at a low rate given the low volume of the day.

The lower shadow on the day’s candle went down to $167.67, indicating that while the bulls were able to step in & force prices higher from there for the day, market participants were growing tired & losing steam.

Friday was the last hurrah for NAIL, as it opened higher & was able to clinch a new all-time high on the highest volume it has seen in weeks, but this proved to be the top of the diving board.

Monday saw volumes that eclipsed Fridays on a declining session that saw NAIL shed -10.17% on the day & smash through the support of the 10 day moving average.

Things got worse on Tuesday, when NAIL gapped down to open below the 50 DMA & lost another -10.1% on even higher volume for the day, as market participants began running towards the exits.

It is important to note as well that in addition to the support of the 50 DMA breaking down that day, the $145.88 & $144.77 support levels were also broken through, leaving the next support level at $137.17, -3.46% below yesterday’s closing price.

After that, the next highest support level is -7.14% below yesterday’s closing level, which might normally sound like a steep decline, but NAIL is 3x leveraged making it less steep of a fall compared to an un-levered ETF.

In the coming week it will be worth keeping an eye on whether or not NAIL can begin to consolidate & form a range off of the recent-20% drop or if it will continue lower to test those next support levels.

If it is able to consolidate keep an eye on the 10 DMA & 50 DMA as they approach the price to see how they influence it higher or lower.

Another key area to watch will be their volume, as it will lend clues into what their next direction may be.

If there is an uptick in advancing volume then there may be some strength to force another run upwards, but if prices continue to move in the low volume trends that marked much of October (minus the last three days & 10/4/24) then caution should be taken moving forward as the lack of participation should be viewed as a lack of confidence in the price moves.

It should also be noted that broader indexes have been showing signs of weakness in the past week & should they see fallout NAIL will not be exempt – more on that in this week’s market review note.

Price Level:Volume Sentiment Analysis For NAIL, The Direxion Daily Homebuilders & Supplies Bull 3x Shares ETF

The top table below shows the support & resistance levels of NAIL from the past year’s chart, as well as their price level:volume sentiment at each, using Tuesday 10/22/24’s closing price.

The moving averages are denoted with bold.

The next charts show the volume sentiment at each individual price level NAIL has traded at over the past year.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on NAIL ETF.

$180 – NULL – 0:0*, +26.69% From Current Price Level

$178 – NULL – 0:0*, +25.28% From Current Price Level – All-Time High*

$176 – NULL – 0:0*, +23.87% From Current Price Level

$174 – Buyers – 6.3:0*, +22.47% From Current Price Level

$172 – NULL – 0:0*, +21.06% From Current Price Level

$170 – Buyers – 1.55:1, +19.65% From Current Price Level

$168 – Buyers – 1.5:0*, +18.24% From Current Price Level

$166 – Buyers – 3.93:1, +16.84% From Current Price Level

$164 – Buyers – 1.1:1, +15.43% From Current Price Level

$162 – Sellers – 6.8:0*, +14.02% From Current Price Level

$160 – Buyers – 4:0*, +12.61% From Current Price Level – 10 Day Moving Average*

$158 – Sellers – 3.25:1, +11.2% From Current Price Level

$156 – Buyers – 4.44:1, +9.8% From Current Price Level

$154 – Sellers – 4:1, +8.39% From Current Price Level

$152 – Buyers – 2.64:1, +6.98% From Current Price Level

$150 – Sellers – 5.9:0*, +5.57% From Current Price Level – 50 Day Moving Average*

$148 – Buyers – 4.7:0*, +4.17% From Current Price Level

$146 – Sellers – 1.8:0*, +2.76% From Current Price Level

$144 – Buyers – 4.4:1, +1.35% From Current Price Level

$142 – Sellers 2.1:0*, -0.06% From Current Price Level – Current Price Block*

$140 – Sellers – 1.18:1, -1.46% From Current Price Level

$138 – Sellers – 1.31:1, -2.87% From Current Price Level

$136 – Seller s- 1.59:1, -4.28% From Current Price Level

$134 – Buyers – 3.59:1, -5.69% From Current Price Level

$132 – Buyers – 2.65:1, -7.09% From Current Price Level

$130 – Buyers – 2.18:1, -8.5% From Current Price Level

$128 – NULL – 0:0*, -9.91% From Current Price Level

$126 – Buyers – 1.5:1, -11.32% From Current Price Level

$124 – Sellers – 6.8:0*, -12.73% From Current Price Level

$122 – Buyers – 5.4:0*, -14.13% From Current Price Level – 200 Day Moving Average*

$120 – Sellers – 6.5:0*, -15.54% From Current Price Level

$118 – Buyers – 4:1, -16.95% From Current Price Level

$116 – Sellers – 1.8:0*, -18.36% From Current Price Level

$114 – Sellers – 1:0*, -19.76% From Current Price Level

$112 – sellers – 1.38:1, -21.17% From Current Price Level

$110 – NULL – 0:0*, -22.58% From Current Price Level

$108 – Buyers – 1.3:0*, -23.99% From Current Price Level

$106 – Buyers – 7.7:1, -25.39% From Current Price Level

$104 – Buyers – 3:1, -26.8% From Current Price Level

$102 – Sellers – 2.8:0*, -28.21% From Current Price Level

$100 – Sellers – 2.08:1, -29.62% From Current Price Level

$99 – Sellers – 2.29:1, -30.32% From Current Price Level

$98 – Buyers – 1.11:1, -31.02% From Current Price Level

$97 – Sellers – 1.3:0*, -31.73% From Current Price Level

$96 – Sellers – 1.8:0*, -32.43% From Current Price Level

$95 – Sellers – 0.8:0*, -33.14% From Current Price Level

$94 – NULL – 0:0*, -33.84% From Current Price Level

$93 – Buyers – 1:0*, -34.54% From Current Price Level

$92 – Buyers – 1.5:08, -35.25% From Current Price Level

$91 – Sellers – 2.7:0*, -35.95% From Current Price Level

$90 – Buyers – 1.9:0*, -36.66% From Current Price Level

$89 – NULL – 0:0*, -37.36% From Current Price Level

$88 – NULL – 0:0*, -38.06% From Current Price Level

$87 – NULL – 0:0*, -38.77% From Current Price Level

$86 – NULL – 0:0*, -39.47% From Current Price Level

$85 – Sellers – 1.38:1, -40.17% From Current Price Level

$84 – Sellers – 2.55:1, -40.88% From Current Price Level

$83 – Sellers – 1.2:0*, -41.58% From Current Price Level

$82 – NULL – 0:0*, -42.29% From Current Price Level

$81 – NULL – 0:0*, -42.99% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN NAIL AT THE TIME OF PUBLISHING THIS ARTICLE ***

PSIL, the AdvisorShares Psychedelics ETF has declined -9.65% over the past year, falling -24% from its 52-week high in March of 2024, while having rebounded +80.95% from its 52-week low set in October of 2024 (all figures ex-distributions).

PSIL ETF is designed to give investors exposure to the growing field of using psychedelics for mental healthcare research.

It also gives exposure to companies in the U.S., Canada, Europe, the U.K. & Australasia for investors looking to get more international exposure in their portfolios.

Some of its top holdings include Mind Medicine Inc. (MNMD), Cybin Inc. (CYBN), Incannex Healthcare Inc. (IXHL), GH Research PLC (GHRS), Alkermes PLC (ALKS), Atai Life Sciences NV (ATAI), Clearminded Medicine Inc. (CMND), Quantum Biopharma LTD. (QNTM), Sage Therapuetics (SAGE) & Relmada Therapuetics (RLMD).

Below is a brief technical analysis of PSIL, as well as a price level:volume sentiment analysis of the price levels PSIL has traded at over the past 2-3 years.

Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past investor behavior.

It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on PSIL.

Technical Analysis Of PSIL, The AdvisorShares Psychedelics ETF

Their RSI is re-approaching the overbought level of 70 for the second time in a week & currently sits at 67.99, while their MACD is still bullish in the wake of last Tuesday’s session where shares jumped +99.49% day-over-day, but the histogram is beginning to wane.

Volumes were +1,891.94% above the prior year’s average over the past six sessions (211,996.67 vs. 10,642.72), mostly due to the major gaining session of 10/15/2024 & the subsequent profit taking/chasing that followed.

Before we get into the last week, PSIL had been in a steady decline for the past seven months, which will be important to keep in mind when we get into the next section.

Last Monday, PSIL began to show signs of life just two days after reaching a fresh 52-week & all-time low price of $7.14/share.

Despite happening on low volume, shares opened on a gap up & ran from an opening price of $7.31/share to the closing & day’s high price of $7.85 (+7.39% open to close gain for the day).

Tuesday also opened on a gap up at $7.99/share & proceeded to run higher on the second highest volume of the year to a high of $15.80 to close just lower at $15.66 for the day.

Given that this close was higher than 98% of their past year’s closing prices there was a great deal of profit taking on Wednesday, when the session opened lower at $15/share, retraced down to $12.80/share but was able to find footing & rally back to close at $13.85/share.

Wednesday naturally had the highest volume of the past year between people taking profits, people cashing out of long-held positions & other market participants trying to jump in & chase after the recent major gains in hopes that prices would continue to rally higher.

Thursday the declines continued, but the volume & day’s range were both much lower & the profit taking began to die down & a new consolidation range began to find footing near the $12.50/share mark.

Friday confirmed that investors were indeed with the $12.50 mark as the session opened slightly below it, before testing up as high as $13.01 (Thursday’s high was $13.02) & settling for the day at $12.63/share.

While the real body of Friday’s candle was focused on the lower third of the day’s range, volume was the third highest of the day as there appears to have been a mix of profit taking & risk-off into the weekend selling on the advancing session.

Monday’s session had glimmers of optimism, but also flashed caution lights for PSIL ETF.

The session opened on a gap higher, tested down to $0.05 lower than Friday’s close before powering higher to close the day +2.3%.

Volumes were above average Monday, but paled in comparison to the preceding five sessions which indicates weakness in sentiment, but the day’s high was $13.04, so there was appetite for higher prices than the prior two sessions.

Something to watch in the coming week is how PSIL moves in relation to broader markets, which look set to experience heightened volatility in the near-term (more on that in this week’s market review note).

If major indexes see major fallout they will not be immune, but they may fare better in the wake of the recent price run up & beginning of a new trading range establishment.

With that in mind, it will be important to have an understanding of how their support levels have previously been treated by market participants.

There are many in the support zone of $12.43-12.92, but if prices break down through that we will not see support again until $11.94-11.84 (pending the 10 day moving average doesn’t get above those levels first, which will depend on how long it takes for said test to play out).

Another key area to watch is the $12.92/share mark, which is yesterday’s closing price & also a support/resistance level from December of 2023.

In the event of upside movement that crosses through that & sets it as a support level, if prices continue up to $13.00/share they enter a Buyer dominated price zone, which may help them find footing to continue climbing.

If they don’t & it serves as resistance then PSIL will be stuck in a Seller dominated zone(s), as shown in the table below.

Before reading the table below, recall the note above of how PSIL had been in steady decline for most of the past seven months.

This would mean that a majority of their past year’s price levels are skewed towards Seller’s being the victorious force at play.

Most of the upside action from that time period came from last Tuesday’s jump, which will not be reflected in each price level’s data.

With that said, when using the ratios below that favor the Sellers, it is important to consider the magnitude of the Sellers:Buyers at each price zone compared to one another.

If a zone has 3:1 Sellers:Buyers & the next zone has only 1.08:1 Sellers:Buyers, it should be inferred that the former is more likely to be weaker than the latter based on historic behavior.

Once these zones have been tested more thoroughly the ratios will even out more & some may even flip to be Buyer dominated.

Again, this is not intended to serve as financial advice, but rather as a barometer of sentiment that can be used with your other due diligence practices.

Price Level:Volume Sentiment Analysis For PSIL, The AdvisorShares Psychedelics ETF

The top table below shows the support & resistance levels of PSIL from the past year’s chart, as well as their price level:volume sentiment at each, using Monday 10/22/24’s closing price.

The moving averages are denoted with bold.

The next charts show the volume sentiment at each individual price level PSIL has traded at over the past 2-3 years.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on PSIL ETF.

$51 – NULL – 0:0*, +294.74% From Current Price Level

$50 – NULL – 0:0*, +287% From Current Price Level

$49 – NULL – 0:0*, +279.26% From Current Price Level

$48 – NULL – 0:0*, +271.52% From Current Price Level

$47 – NULL – 0:0*, +263.78% From Current Price Level

$46 – Even – 1:1, +256.04% From Current Price Level

$45 = Buyers – 0.1:0*, +248.3% From Current Price Level

$44 – Sellers – 0.1:0*, +240.56% From Current Price Level

$43 – Sellers – 0.1:0*, +232.82% From Current Price Level

$42 – Sellers – 0.1:0*, +225.08% From Current Price Level

$41 – NULL – 0:0*, +217.34% From Current Price Level

$40 – NULL – 0:0*, +209.6% From Current Price Level

$39 – Buyers – 0.5:0*, +201.86% From Current Price Level

$38 – Buyers – 9:1, +194.12% From Current Price Level

$37 – Sellers – 6:1, +186.38% From Current Price Level

$36 – Buyers – 0.4:0*, +178.64% From Current Price Level

$35 – Sellers – 0.3:0*, +170.9% From Current Price Level

$34 – Sellers – 6:1, +163.16% From Current Price Level

$33 – Seller s- 0.2:0*, +155.42% From Current Price Level

$32 – Sellers – 0.1:0*, +147.68% From Current Price Level

$31 – Buyers – 7:1, +139.94% From Current Price Level

$30 – Sellers – 5:1, +132.2% From Current Price Level

$29 – Sellers – 0.3:0*, +124.46% From Current Price Level

$28 – Even – 1:1, +116.72% From Current Price Level

$27 – Buyers – 1.5:1, +108.98% From Current Price Level

$26 – Sellers – 2.5:1, +101.24% From Current Price Level

$25 – Even – 1:1, +93.5% From Current Price Level

$24 – Sellers – 1.5:1, +85.76% From Current Price Level

$23 – Sellers – 3.5:1, +78.02% From Current Price Level

$22 – Sellers – 1.25:1, +70.28% From Current Price Level

$21 – Even – 1:1, +62.54% From Current Price Level

$20 – Buyers – 1.67:1, +54.8% From Current Price Level

$19.50 – Buyers – 3.5:1, +50.93% From Current Price Level

$19 – Buyers – 1.25:1, +47.06% From Current Price Level

$18.50 – Sellers – 6:1, +43.19% From Current Price Level

$18 – Buyers – 3:1, +39.32% From Current Price Level

$17.50 – Even – 1:1, +35.45% From Current Price Level

$17 – Sellers – 2:1, +31.58% From Current Price Level

$16.50 – Sellers – 4:1, +27.71% From Current Price Level

$16 – Even – 1:1, +23.84% From Current Price Level

$15.50 – Buyers – 15.17:1, +19.97% From Current Price Level

$15 – Buyers – 1.63:1, +16.1% From Current Price Level

$14.50 – Buyers – 1.86:1, +12.23% From Current Price Level

$14 – Sellers – 1.22:1, +8.36% From Current Price Level

$13.50 – Sellers – 9.91:1, +4.49% From Current Price Level

$13 – Buyers – 2.33:1, +0.62% From Current Price Level

$12.50 – Sellers – 1.5:1, -3.25% From Current Price Level – Current Price Block & 10 Day Moving Average**

$12 – Sellers – 3:1, -7.12% From Current Price Level

$11.50 – Sellers – 0.5:0*, -10.99% From Current Price Level – 200 Day Moving Average*

$11 – Sellers – 3:1, -14.86% From Current Price Level

$10.50 – Buyers – 1.67:1, -18.73% From Current Price Level

$10 – Sellers – 2.25:1, -22.6% From Current Price Level

$9.50 – Sellers – 8:1, -26.47% From Current Price Level

$9 – Buyers – 2.33:1, -30.34% From Current Price Level

$8.50 – Even – 1:1, -34.21% From Current Price Level – 50 Day Moving Average*

$8 – Sellers – 1:0*, -38.08% From Current Price Level

$7.50 – Sellers – 1.9:1, -41.95% From Current Price Level

$7 – NULL – 0:0*, -45.82% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN PSIL AT THE TIME OF PUBLISHING THIS ARTICLE ***

DPST, the Direxion Daily Regional Banks Bull 3x Shares ETF has had an impressive year, advancing +123.71% for the year, 203.19% since their 52-week low in October of 2023 & currently sits just -3.62% below their 52-week high set in July of 2024 (all figures exclude distributions).

Some of their largest holdings include Regions Financial (RF), M&T Bank (MTB), Citizens Financial Group Shares (CFG), Huntington Bancshares (HBAN), Truist Financial Corporation (TFC), First Horizon Corporation (FHN), Zions (ZION), Western Alliance (WAL), Bank Ozk (OZK), & Webster Financial Corporation (WBS).

Below is a brief technical analysis of DPST’s past week & a half, as well as a price level:volume sentiment analysis of the price levels DPST has traded at over the past year.

Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past investor behavior.

It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on DPST.

Technical Analysis Of DPST, The Direxion Daily Regional Banks Bull 3x Shares ETF

Their RSI is trending into overbought territory & currently sits at 68.5, while their MACD is currently bullish in the wake of the run up that began last Wednesday.

Volumes were -22.97% below the prior year’s average over the past week & a half (1,115,638.75 vs. 1,448,306.05), indicating that there may not be sustainable strength in the near-term to continue pushing DPST higher, despite yesterday’s close coming in above the previous two price peaks of the past two months.

Last week began on an uncertain note after the previous Friday’s gap up long-legged doji closed nestled in between the 10 & 50 day moving averages, as Monday’s session was a slight decline that resulted in a doji candle that straddled the 10 day moving average’s support.

Volumes were not noteworthy on this decline though, particularly when compared to the prior day’s advancing volume.

The next day opened on a gap up that was able to test slightly higher, but ultimately lacked the steam to continue higher & the session crashed below the support of the 10 & 50 DMAs, closing just beneath them on similarly lackluster volume.

Wednesday marked a weak reversal point after the prior three sessions all closed lower than they opened, where the day opened slightly higher than Tuesday’s close, tested lower than Tuesday’s low, but ultimately rallied up to $98.49 & closed at $96.56, signaling that the bulls were back in control & that the 10 & 50 DMAs were now support levels.

Some short term profit taking occurred on Thursday, albeit a low amount given the session’s volume, where the day opened about midway between Wednesday’s candle’s real body, temporarily declined below the 10 & 50 day moving averages’ support, before recovering to test above Wednesday’s close & settled for the day just beneath it.

This created a bearish harami based on the day’s decline, but given that the session closed higher than it opened this is negated & it can be seen as a bullish implication.

Friday confirmed this, when investors piled into DPST at the highest one-day rate since 10/1/2024 on a gap up session that ran higher resulting in a 10% day-over-day advance.

Monday the climb higher continued, despite some test into Friday’s trading range the bulls regained control & pushed DPST to a higher close for the session.

Thursday is where things began to look a little shaky & investors began to signal that their risk tolerance may be waning, as DPST opened on a gap up at $110.18, tested slightly into Wednesday’s candle’s real body, before charging higher up to $119.10.

However, this resulted in a bit of profit taking after the run up of the past week & the day’s high fell within 1.32% of the 52-week high, which sent prices to close -6.12% below the day’s high at $111.81, a +2.9% advance day-over-day.

Yesterday similarly opened on a gap up for DPST, with a slight test lower before it made another run at the 52-week high, but was stopped at $119.80 & closed slightly below that at $116.91 (-2.41% off of the day’s high).

Volumes of the past two days were stronger than most of the month of October to date, but DPST will need a larger push in terms of participation to break through their current only resistance level, the 52-week high.

This becomes particularly evident when looking back at the low of mid-June that led into the month & a half long rally to reach the 52-week high on 7/31/2024.

The good news is that DPST has been achieving higher peaks & higher troughs since it’s early-August decline, but even as of today’s high (10/17/2024) of $120.42 they have not been able to break out above the 52-week high.

Recent momentum will be difficult to continue without some profit taking & declines in the coming days-week(s), especially given their current RSI reading & low participation rate (volume).

In terms of the downside & DPST’s support levels, they are all NULL (not 0, but not enough data to form a meaningful ratio yet) or Buyer dominated until the $99-99.99/share price level, which is Seller dominated & sits -15.32% below yesterday’s closing price.

Upon a closer examination of their chart this makes sense given the way they’ve advanced rapidly with frequent gap ups (due to the 3x levered nature of the ETF), while declining days tend to occur in consecutive clusters of wide-range declining sessions.

The table in the section below is meant to serve as a barometer, indicating where investor sentiment has been more strongly positive/negative in terms of price levels & support/resistance levels.

An example, the $112-113.99/share price zone has been dominated by Buyers over the past year at a rate of 1.07:1, while $110-111.99 has seen Buyers come out in packs of 2.43:1 Seller, which means that there may be stronger support in the latter price level given past behavior.

These readings can in turn be used to assess the likelihood of support/resistance holding up, or being broken through based on previous investor behavior.

It is not intended to serve as financial advice, but rather is an additional tool that can be used as part of your own due diligence process.

Price Level:Volume Sentiment Analysis For DPST, The Direxion Daily Regional Banks Bull 3x Shares ETF

The top table below shows the support & resistance levels of DPST from the past year’s chart, as well as their price level:volume sentiment at each, using Wednesday 10/16/24’s closing price.

The moving averages are denoted with bold.

The next charts show the volume sentiment at each individual price level DPST has traded at over the past year (excluding the extreme lows of the year).

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on DPST ETF.

$122 – NULL – 0:0*, +4.35% From Current Price Level

$120 – NULL – 0:0*, +2.64% From Current Price Level

$118 – Buyers – 3:0*, +0.93% From Current Price Level

$116 – NULL – 0:0*, -0.78% From Current Price Level – Current Price Block*

$114 – Buyers – 1.7:0*, -2.49% From Current Price Level

$112 – Buyers – 1.07:1, -4.2% From Current Price Level

$110 – Buyers – 2.43:1, -5.91% From Current Price Level

$108 – NULL – 0:0*, -7.62% From Current Price Level

$106 – Buyers – 10.6:0*, -9.33% From Current Price Level

$104 – Buyers – 2.06:1, -11.04% From Current Price Level

$102 – Buyers – 1.9:1, -12.75% From Current Price Level

$100 – Buyers – 3.63:1, -14.46% From Current Price Level – 10 Day Moving Average*

$99 – Sellers – 2.28:1, -15.32% From Current Price Level

$98 – Buyers – 1.92:1, -16.17% From Current Price Level

$97 – Sellers – 6.6:0*, -17.03% From Current Price Level

$96 – Buyers – 2.2:1, -17.89% From Current Price Level

$95 – Buyers – 4.67:1, -18.74% From Current Price Level – 50 Day Moving Average*

$94 – Buyers – 3.4:0*, -19.6% From Current Price Level

$93 – Sellers – 1.5:0*, -20.45% From Current Price Level

$92 – Buyers – 1.41:1, -21.31% From Current Price Level

$91 – Buyers – 1.5:0*, -22.16% From Current Price Level

$90 – Sellers – 4.4:0*, -23.02% From Current Price Level

$89 – Sellers – 1.19:1, -23.87% From Current Price Level

$88 – Sellers – 3.7:0*, -24.73% From Current Price Level

$87 – Buyers – 4.7:0*, -25.58% From Current Price Level

$86 – Sellers – 3.3:0*, -26.44% From Current Price Level

$85 – NULL – 0:0*, -27.29% From Current Price Level

$84 – NULL – 0:0*, -28.15% From Current Price Level

$83 – Buyers – 3.4:0*, -29.01% From Current Price Level

$82 – Buyers – 1.07:1, -29.86% From Current Price Level

$81 – Buyers – 8:0*, -30.72% From Current Price Level

$80 – Sellers – 5.5:0*, -31.57% From Current Price Level – 200 Day Moving Average*

$79 – Buyers – 1.32:1, -32.43% From Current Price Level

$78 – Buyers – 2.14:1, -33.28% From Current Price Level

$77 – NULL – 0:0*, -34.14% From Current Price Level

$76 – Sellers – 1.53:1, -34.99% From Current Price Level

$75 – Buyers – 2:0*, -35.85% From Current Price Level

$74 – Sellers – 1.2:0*, -36.7% From Current Price Level

$73 – Buyers – 2.27:1, -37.56% From Current Price Level

$72 – Buyers – 2.8:0*, -38.41% From Current Price Level

$71 – Buyers – 2.8:0*, -39.27% From Current Price Level

$70 – Buyers – 1.7:0*, -40.12% From Current Price Level

$69 – Buyers – 8.6:0*, -40.98% From Current Price Level

$68 – Sellers – 1.74:1, -41.84% From Current Price Level

$67 – Buyers – 1.21:1, -42.69% From Current Price Level

$66 – NULL – 0:0*, -43.55% From Current Price Level

$65 – Buyers – 1.31:1, -44.4% From Current Price Level

$64 – Buyers – 1.12:1, -45.26% From Current Price Level

$63 – Buyers – 5:0*, -46.11% From Current Price Level

$62 – Buyers – 1.46:1, -46.97% From Current Price Level – Double Touch-Points*

$61 – Sellers – 3:1, -47.82% From Current Price Level

$60 – Buyers – 3.33:1, -48.68% From Current Price Level

$59 – Sellers – 2.13:1, -49.53% From Current Price Level

$58 – Sellers – 4.88:1, -50.39% From Current Price Level

$57 – Sellers – 3:0*, -51.24% From Current Price Level

$56 – NULL – 0:0*, -52.1% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN DPST AT THE TIME OF PUBLISHING THIS ARTICLE ***

UTSL, the Direxion Daily Utilities Bull 3x Shares ETF has advanced +168.81% over the past year, gaining +190.72% since their 52-week low in October of 2023 & currently sits just -0.32% below their 52-week high which was set today (all figures ex-distributions).

Much of this impressive performance has been driven by A.I. & Data Centers energy requirements as the field is projected to expand dramatically & also in part by recent market volatility & investors seeking safer returns from utilities names with stable performance & solid dividend yields.

Some of UTSL’s top holdings include Nextera Energy (NEE), Southern (S), Duke Energy (DUK), Constellation Energy Corp. (CEG), Sempra Energy (SRE), American Electric Power (AEP), Dominion Energy (D), PG&E (PCG), Public Service Ent (PEG), Exelon Corporation (EXC).

Below is a brief technical analysis of UTSL’s past week & a half, as well as a price level:volume sentiment analysis of the price levels UTSL has traded at over the past ~2 years.

Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past investor behavior.

It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on UTSL.

Technical Analysis Of UTSL, The Direxion Daily Utilities Bull 3x Shares ETF

Their RSI is trending deeper into overbought territory & currently sits at 72.56, while their MACD is still trending bullishly after today’s session set a new 52-week high for UTSL.

Volumes were +46.25% above the prior year’s average volume over the past week & a half (292,697.14 vs. 200,138.1), as investors have been pouring into UTSL after the gap up from two Friday’s ago, and some profit taking along the way up.

Starting with two Friday’s ago, following three straight days of declines that saw the 10 day moving average’s support be temporarily broken through, investors piled into UTSL forcing a gap up session on the highest volume seen since the beginning of August.

This sentiment carried into last week when Monday too opened on a gap higher with strong volume, although there was some profit taking as shown by the lower shadow of the session’s candle & some reasons for caution early in the week.

Tuesday confirmed this uncertain sentiment as the session opened on a gap lower, traded higher above Monday’s range, but ultimately all roads led to a daily decline.

Much of this is likely to be due to profit taking after such a dramatic climb in two days, but the spinning top candle indicated that there was still uncertainty among market participants.

Wednesday opened on another gap higher, but wound up testing lower than Tuesday’s session’s lows, only to close higher as a dragonfly doji, indicating that there was still appetite for UTSL to go higher despite all of the uncertainty surrounding it.

There was additional bearish sentiment to Wednesday’s candle in that it closed below where it opened, but the low volume added additional uncertainty to the session.

But first, there was more downside testing & profit taking as Thursday opened on a gap down, made a run up to try to break above Wednesday’s open, only to take the elevator back down & close the day as a declining session.

Thursday’s volume should be noted though, as it was near that of the prior Friday & eclipsed all other sessions going back into the beginning of August & set the stage for a reversal as all of the profit taking was done & sentiment was ready to test higher.

Friday this happened where a high volume session was able to push UTSL higher heading into the weekend, and slight higher appetite was indicated based on the small upper shadow of the day’s candle.

The vote of confidence continued on Monday where similar volumes helped propel UTSL higher, but despite the session closing as an advancing session there was a bit of downside testing & bulls were clearly not in control.

This brought UTSL the closest it’s been to the 10 DMA’s support since Thursday 9/19/2024, but the day continued higher.

The day’s candle resulted in a hanging man, which has bearish implications & may be signaling that there will be more profit taking on the horizon after the run up of the past few days, which is also confirmed by their RSI.

Yesterday this sentiment also continued, as despite having a larger real body than Monday’s (a hanging man candle needs a spinning top for the real body, which is a tighter range) & ending in a +2.42% advance, bears were able to force prices temporarily down closer to the 10 DMA’s support.

In the event of a test lower, UTSL does not have many local support levels, as the closest one is currently the 10 day moving average, which despite moving higher daily is still -5.68% below yesterday’s closing price.

In the event that profit taking leads to a breakdown in price for UTSL, the charts below will shed insight into how investors have viewed UTSL at each price level contained in them over the years.

Price Level:Volume Sentiment Analysis For UTSL, The Direxion Daily Utilities Bull 3x Shares ETF

The top table below shows the support & resistance levels of UTSL from the past year’s chart, as well as their price level:volume sentiment at each, using Tuesday 10/1/24’s closing price.

The moving averages are denoted with bold.

The next charts show the volume sentiment at each individual price level UTSL has traded at over the past ~2 years.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on UTSL ETF.

$47 – NULL – 0:0*, +14.63% From Current Price Level

$46 – Buyers – 1:0*, +12.2% From Current Price Level

$45 – Even, 1:1, +9.76% From Current Price Level

$44 – Buyers – 2.33:1, +7.32% From Current Price Level

$43 – Buyers – 2:1, +4.88% From Current Price Level

$42 – Buyers – 1.25:1, +2.44% From Current Price Level

$41 – Buyers – 7:1, 0.00% From Current Price Level – Current Price Level & 52-Week High**

$40 – Sellers – 1.4:1, -2.44% From Current Price Level

$39 – Sellers – 3.67:1, -4.88% From Current Price Level

$38 – Buyers – 0.4:0*, -7.32% From Current Price Level – 10 Day Moving Average*

$37 – Buyers – 1.67:1, -9.76% From Current Price Level

$36 – Sellers – 0.6:0*,-12.2% From Current Price Level

$35 – Buyers – 0.2:0*, -14.63% From Current Price Level

$34 – Buyers – 4:1, -17.07% From Current Price Level

$33 – Buyers – 1.04:1, -19.51% From Current Price Level – 50 Day Moving Average*

$32 – Buyers – 1.43:1, -21.95% From Current Price Level

$31 – Buyers – 3.24:1, -24.39% From Current Price Level

$30 – Buyers – 3.67:1, -26.83% From Current Price Level

$29 – Buyers – 2.57:1, -29.27% From Current Price Level

$28 – Sellers – 1.04:1, -31.71% From Current Price Level

$27 – Sellers – 1.07:1, -34.15% From Current Price Level

$26 – Buyers – 1.07:1, -36.59% From Current Price Level

$25 – Buyers – 1.3:1, -39.02% From Current Price Level – 200 Day Moving Average*

$24 – Sellers – 1.23:1, -41.46% From Current Price Level

$23 – Buyers – 1.04:1, -43.9% From Current Price Level

$22 – Buyers – 1.07:1, -46.34% From Current Price Level

$21 – Sellers – 1.11:1, -48.78% From Current Price Level

$20 – Buyers – 1.15:1, -51.22% From Current Price Level

$19.50 – Sellers – 2.19:1, -52.44% From Current Price Level

$19 – Buyers – 1.11:1, -53.66% From Current Price Level

$18.50 – Sellers – 1.3:1, -54.88% From Current Price Level

$18 – Sellers – 1.31:1, -56.1% From Current Price Level

$17.50 – Buyers – 1.84:1, -57.32% From Current Price Level

$17 – Sellers – 1.21:1, -58.54% From Current Price Level

$16.50 – Sellers – 1.82:1, -59.76% From Current Price Level

$16 – Buyers – 1.5:1, -60.98% From Current Price Level

$15.50 – Buyers – 2.13:1, -62.2% From Current Price Level

$15 – Buyers – 1.27:1, -63.41% From Current Price Level

$14.50 – Sellers – 2.4:0*, -64.63% From Current Price Level

$14 – NULL – 0:0*, -65.85% From Current Price Level

$13.50 – NULL – 0:0*, -67.07% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN UTSL AT THE TIME OF PUBLISHING THIS ARTICLE ***

DFEN, the Direxion Daily Aerospace & Defense Bull 3x Shares ETF has advanced +154.6% over the past year, gaining +176.78% since their 52-week low in October of 2023, and closed -1.55% below their 52-week high that was set today (all figures ex-distributions).

Escalating global tensions have helped propel DFEN & its component stocks higher this year & these gains look to continue in the coming months based on what we just saw in the news between Israel & Iran.

Some of DFEN ETF’s largest holdings include GE Aerospace (GE), Raytheon Technologies Corporation (RTX), Boeing (BA), L3 Harris Technologies (LHX), Northrop Grumman (NOC), Lockheed Martin (LMT), General Dynamics (GD), Axon Enterprise Inc. (AXON), Transdigm Group (TDG) & Howmet Aerospace Inc. (HWM).

Below is a brief technical analysis of DFEN’s past week & a half, as well as a price level:volume sentiment analysis of the price levels DFEN has traded at over the past ~2 years.

Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past investor behavior.

It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on DFEN.

Technical Analysis Of DFEN, The Direxion Daily Aerospace & Defense Bull 3x Shares ETF

Their RSI is approaching overbought territory, sitting currently at 68.26, while their MACD is still signaling bullish sentiment as they notch a new 52-week high today.

Volumes were +6.39% above the prior year’s average this past week & a half (293,318.57 vs. 275,696.94), primarily due to yesterday’s high volume & wide range session that closed as a +3.42% advance for the day.

Last Monday began on a bullish note for DFEN, as the session resulted in an advance on the highest advancing volume they’d had in roughly a month.

Tuesday day DFEN open higher, but immediately began to decline as market participants were eager to collect some profits following their run up that lasted nearly two weeks.

Prices closed about midway through Monday’s candle’s real body, but tested below the opening price of Monday indicating that there was more appetite to the downside in the near-term.

Wednesday followed suit, opening near the close of Tuesday’s session & showing some signs of risk-on appetite based on their upper shadow that was close to Tuesday’s opening price level.

However, Wednesday’s candle’s lower shadow showed that the bulls were still not fully in control & that the declines may not be over.

Thursday confirmed this as the session opened near Wednesday’s open, tested a hair higher before ultimately declining the rest of the day, although not coming near the support of the 10 day moving average.

It should be noted that Thursday’s declining volume was the highest level since the first day of September, as given that the price didn’t actually test the 10 DMA then it can be seen as a likely reversal point as the bears had become exhausted.

Friday opened slightly higher, dipped briefly to test the support of the 10 DMA, but ultimately it was back to risk-on for the DFEN names heading into the weekend (although on low volume, indicating there was still a sense of hesitancy).

DFEN started the new week off on a strong foot, opening above its closing price from Friday, testing lower against the support of the 10 DMA, which despite breaking down briefly managed to hold up & DFEN rallied higher to close the day.

Israel & Iran’s situation continued escalating, leading DFEN to have yesterday’s +3.42% advancing session on volume that eclipsed most of the volume levels of the past year.

While there was some downside appetite, which notably included another temporary breakdown of the 10 DMA’s support this can be attributed to the broader market index weakness yesterday, as clearly DFEN investors were ready for risk-on.

Moving forward there are now two support levels in the $34.89-34.94/share price zone which haven’t seen much in terms of downside testing, which will be an area to keep an eye on in the event of any near-term declines.

In the even that occurs, it is important to have an understanding of how investors have behaved at DFEN previously traded at price levels in order to understand how they may behave at these levels again.

This will help navigate how market participants may behave again at the same levels in the event of support level re-tests.

Price Level:Volume Sentiment For DFEN, The Direxion Daily Aerospace & Defense Bull 3x Shares ETF

The top table below shows the support & resistance levels of DFEN from the past year’s chart, as well as their price level:volume sentiment at each, using Tuesday 10/1/24’s closing price.

The moving averages are denoted with bold.

The next charts show the volume sentiment at each individual price level DFEN has traded at over the past ~2 years.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on DFEN ETF.

$38 – NULL – 0:0*, +3.04% From Current Price Level

$37 – NULL – 0:0*, +0.33% From Current Price Level

$36 – NULL – 0:0*, -2.39% From Current Price Level – Current Price Level*

$35 – NULL – 0:0*, -5.1% From Current Price Level

$34 – Buyers – 0.5:0*, -7.81% From Current Price Level – 10 Day Moving Average*

$33 – Buyers – 0.2:0*, -10.52% From Current Price Level

$32 – Buyers – 14:1, -13.23% From Current Price Level

$31 – Buyers – 2:1, -15.94% From Current Price Level – 50 Day Moving Average*

$30 – Sellers – 1.5:1, -18.66% From Current Price Level

$29 – Buyers – 5:1, -21.37% From Current Price Level

$28 – Buyers – 2:1, -24.08% From Current Price Level

$27 – Even – 1:1, -26.79% From Current Price Level

$26 – Buyers – 1.05:1, -29.5% From Current Price Level

$25 – Even – 1:1, -32.21% From Current Price Level – Double Touch-Point At $25.57*

$24 – Buyers – 1.95:1, -34.92% From Current Price Level

$23 – Sellers – 1.03:1, -37.64% From Current Price Level

$22 – Buyers – 1.76:1, -40.35% From Current Price Level

$21 – Buyers – 1.95:1, -43.06% From Current Price Level

$20 – Buyers – 1.9:1, -45.77% From Current Price Level

$19.50 – Buyers – 1.97:1, -47.13% From Current Price Level

$19 – Buyers – 1.32:1, -48.48% From Current Price Level

$18.50 – Buyers – 1.67:1, -49.84% From Current Price Level

$18 – Sellers – 2.3:1, -51.19% From Current Price Level

$17.50 – Buyers – 1.43:1, -52.55% From Current Price Level

$17 – Sellers – 1.32:1, -53.9% From Current Price Level

$16.50 -Sellers – 1.22:1, -55.26% From Current Price Level

$16 – Buyer s- 2.68:1, -56.62% From Current Price Level

$15.50 – Buyers – 1.5:1, -57.97% From Current Price Level

$15 – Buyers – 1.45:1, -59.33% From Current Price Level

$14.50 – Sellers – 1.4:1, -60.68% From Current Price Level

$14 – Even – 1:1, -62.04% From Current Price Level

$13.50 – Sellers – 3.4:1, -63.39% From Current Price Level

$13 – Sellers – 2.1:1, -64.75% From Current Price Level

$12.50 – Buyers – 1.6:1, -66.11% From Current Price Level

$12 – Buyers – 1.09:1, -67.46% From Current Price Level

$11.50 – Sellers – 5.2:0*, -68.82% From Current Price Level

$11 – NULL – 0:0*, -70.17% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN DFEN AT THE TIME OF PUBLISHING THIS ARTICLE ***

YINN, the Direxion Daily FTSE China Bull 3x Shares ETF has gained +10.57% over the past year, advancing +145.15% from their 52-week low in January of 2024 & sits just -2.49% below their 52-week high (all figures ex-distributions).

Yesterday YINN had a strong performance, gapping up & closing +29.13% after the PBOC announced new stimulus measures.

YINN tracks the FTSE China 50 Index, which are fifty of the largest companies that trade on the Hong Kong Stock Exchange.

Some of these names include Tencent Holdings Shares, Alibaba Group, Meituan, China Construction Bank Class H, Industrial Commerce Bank China Class H, Bank of China H, Netease Inc., JD.com, Xiaomi Corporations & BYD.

Investors who are bullish on Chinese companies can use YINN to get portfolio exposure to their names & for those who are bearish on Chinese companies there is also a YANG ETF, as well as put options against YINN.

Below is a brief technical analysis of YINN’s past week & a half, as well as a price level:volume sentiment analysis of the price levels YINN has traded at over the past 1-2 years.

Included in this data is also their recent support & resistance levels so that readers can gain insight into how strong/weak these support/resistance levels may be in the future, based on past investor behavior.

It is not intended to serve as financial advice, but rather as an additional tool to reference while performing your own due diligence on YINN.

Technical Analysis Of YINN, The Direxion Daily FTSE China Bull 3x Shares ETF

Their RSI is currently overbought following yesterday’s +29.13% gap up session, while their MACD is bullish.

Volumes were +17.09% above the past year’s average over the past week (5,966,000 vs. 5,090,158.73), mostly driven by the high volumes of yesterday’s session, as the session’s of the days before it all have relatively muted volume.

Last Monday saw YINN gap up to above the support of their 10 & 200 day moving averages, while remaining below the 50 DMA’s resistance.

The gap ups continued on Tuesday, as YINN jumped again to pass beyond the 50 day moving average’s resistance.

Tuesday’s session did come with a hint of bearishness though, as the day’s candle resulted in a gravestone doji, which led into Wednesday’s profit taking decline.

While Wednesday formed a bearish engulfing pattern with Tuesday’s candle, it was supported by the 50 day moving average.

YINN began moving rather erratically after Wednesday, as Thursday resulted in a gap up to just below the $24/share level, tested lower to almost reach $23/share but ultimately rallied higher to close above $24/share.

The week closed out with market participants taking profits, but not until after Friday morning opened with a gap up, only to settle one penny lower than Thursday’s close at $24.03/share heading into the weekend.

While Friday’s volume was higher than Wednesday’s, both were still quite below average compared to the previous year.

This week opened on another gap up (quite the theme here), while prices ran up to the $26/share mark intraday, only to settle at $25.44/share for the day on lackluster volumes again.

Following the news out of the PBOC regarding stimulus yesterday’s session saw a massive +29.13% gap up, the sixth gap up of the past seven opens.

This jumpy behavior should be viewed with a skeptical brow raised, particularly given how low recent volumes have been with the exception of yesterday’s.

Yesterday’s session has created a large window in YINN’s price, which will be an area to keep an eye on in the coming weeks as it is likely to be filled.

While that occurs, it is important to have an understanding of how investors have behaved at YINN’s previously traded at price levels in order to understand how they may behave at these levels again.

This will help navigate how market participants may behave again at the same levels in the event of support level re-tests.

Price Level:Volume Sentiment Analysis Of YINN, The Direxion Daily FTSE China Bull 3x Shares ETF

The top table below shows the support & resistance levels of YINN from the past year’s chart, as well as their price level:volume sentiment at each, using Tuesday 9/24/24’s closing price.

The moving averages are denoted with bold.

The next charts show the volume sentiment at each individual price level YINN has traded at over the past 1-2 years.

Beneath them is a copy & pasteable list of the same data, where the support/resistance levels are denoted in bold.

All ratios with “0” in the denominator are denoted with a “*”.

NULL values are price levels that had limited trading volume, whether it be due to gaps, quick advances or they are at price extremes; in the event that they are retested & there is more data they would have a distinct “Buyers”, “Sellers” or “Even” title.

This is not intended as financial advice, but rather another tool to consider when performing your own research & due diligence on YINN ETF.

$46 – NULL – 0:0*, +40.03% From Current Price Level

$45 – NULL – 0:0*, +36.99% From Current Price Level

$44 – Buyers – 0.4:0*, +33.94% From Current Price Level

$43 – Buyers – 0.5:0*, +30.9% From Current Price Level

$42 – NULL – 0:0*, +27.85% From Current Price Level

$41 – Buyers – 1.6:1, +24.81% From Current Price Level

$40 – Buyers – 2.67:1, +21.77% From Current Price Level

$39 – Sellers – 1.33:1, +18.72% From Current Price Level

$38 – Buyers – 1.43:1, +15.68% From Current Price Level

$37 – Buyers – 1.2:1, +12.63% From Current Price Level

$36 – Buyers – 1.11:1, +9.59% From Current Price Level

$35 – Sellers – 6.5:1, +6.54% From Current Price Level

$34 – Buyers – 1.08:1, +3.5% From Current Price Level

$33 – Sellers – 1.19:1, +0.46% From Current Price Level

$32 – Buyers – 2.36:1, -2.59% From Current Price Level – Current Price Level*

$31 – Sellers – 1.07:1, -5.63% From Current Price Level

$30 – Sellers – 1.33:1, -8.68% From Current Price Level

$29 – Buyers – 1.12:1, -11.72% From Current Price Level

$28 – Buyers – 1.36:1, -14.76% From Current Price Level

$27 – Sellers – 3.26:1, -17.81% From Current Price Level

$26 – Buyers – 5.13:1, -20.85% From Current Price Level

$25 – Sellers – 1.19:1, -23.9% From Current Price Level

$24 – Sellers – 1.14:1, -26.94% From Current Price Level

$23 – Sellers – 1.05:1, -29.98% From Current Price Level – 10 Day Moving Average*

$22 – Buyers – 1.05:1, -33.03% From Current Price Level

$21 – Sellers – 1.27:1, -36.07% From Current Price Level – 50 & 200 Day Moving Averages**

$20 – Buyers – 2.75:1, -39.12% From Current Price Level

$19.50 – Buyers – 1.54:1, -40.64% From Current Price Level

$19 – Sellers – 1.23:1, -42.16% From Current Price Level

$18.50 – Sellers – 1.73:1, -43.68% From Current Price Level

$18 – Sellers – 1.54:1, -45.21% From Current Price Level

$17.50 – Sellers – 1.15:1, -46.73% From Current Price Level

$17 – Buyers – 10.67:1, -48.25% From Current Price Level

$16.50 – Sellers – 2.18:1, -49.77% From Current Price Level

$16 – Sellers – 3.5:1, -51.29% From Current Price Level

$15.50 -Buyers – 1.82:1, -52.82% From Current Price Level

$15 – Sellers – 1.75:1, -54.34% From Current Price Level

$14.50 – Buyers – 1.04:1, -55.86% From Current Price Level

$14 – Sellers – 1.3:0*, -57.38% From Current Price Level

$13.50 – Sellers – 1.2:0*, -58.9% From Current Price Level

$13 – NULL – 0:0*, -60.43% From Current Price Level

*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN YINN ETF AT THE TIME OF PUBLISHING THIS ARTICLE ***