Category: Stock & ETF Research

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 ***

VIS, the Vanguard Industrials ETF has advanced +20.48% over the past year, climbing +33.23% from their 52-week low in October of 2023 & currently sits only -3.44% below their 52-week high from August of 2024 (ex-distributions).

While they haven’t taken off the same as the high flying semiconductor & A.I. names, they provide key products & services that will be used during the infrastructure build up to support data centers, as well as a number of other every day items that are important.

Some of VIS’s top holdings include GE (3.57%), CAT (3.31%), RTX (2.99%), UNP (2.88%), HON (2.56%), ETN (2.34%), UBER (2.32%), LMT (2.25%), BA (2.12%) & ADP (2.07%).

However, when the Federal Reserve announces that they’ll begin cutting interest rates next week there is risk that VIS & its component stocks will begin to go down, making it important to understand the strength of their support & resistance levels.

Below is a brief review of VIS’s recent technical performance, followed by the volume sentiments for each of the price levels that they have traded at over the past 2-3 years, in order to have an idea as to how they may behave again at these levels.

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

Technical Analysis Of VIS, The Vanguard Industrials ETF

Their RSI is just below the neutral mark of 50 & sits at 49.78, while their MACD is bearish, but curling towards the signal line.

Volumes were +32.35% above average this past week compared to the year prior’s average (118,640 vs. 89,641.55), most due to yesterday’s heavy advancing volume session.

Last week began on the same sour note for VIS as it did for the major market indexes (see: this week’s weekly market review note), as prices broke down & through the support of the 10 day moving average setting up their bearish MACD crossover.

Wednesday the bearishness continued, as the day’s session ended with a gravestone doji, indicating that there was indecision in the air, but still a largely bearish sentiment.

Bleeding for VIS continued into Thursday, as prices continued to decline, but were supported by the 50 day moving average.

Friday he beating continued, as VIS opened lower, was able to test higher through most of Thursday’s range, but ultimately it was a risk-off into the weekend day & the support of the 50 day moving average was broken & the session closed beneath it.

Monday of this week saw a change of fate as bulls rushed back into the market & saw an advancing session for VIS, but the length of the candle’s upper shadow should be a cause for concern as it shows that there was not much confidence to the upside.

The 50 DMA’s support was not tested on Monday, but the candle’s lower shadow came close.

Yesterday resulted in an advancing session for +0.19%, but it came with caution lights flashing, as they day ended with a hanging man candle that closed lower than it opened (bearish implications), both of which negate the bullish implications of the heavy advancing volume.

Heading into this week it will be interesting to see how long the support of the 50 DMA holds up & is able to keep prices moving forward into the closing dome cover of resistance formed by the 10 DMA.

It should be anticipated that prices will not remain above it in the coming days & that the support zone between $239.09-240.32 will then be tested upon the 50 DMA breaking down.

Should this happen it will be cause for concern, as the price levels from $232-239.99 are Seller dominated over the past 2-3 years (1.5:1 & 1.03:1).

This would lead to a test of the 200 day moving average’s support & the support zone from $230.64-231.71, which has been dominated by Buyers 4.33:1 in that same time period.

With that in mind, the next section outlines the volume sentiments for each price level VIS has traded at over the past 2-3 years & the current price level, moving averages & support/resistance levels are also noted.

Price Level:Volume Sentiment Analysis Of VIS, The Vanguard Industrials ETF

The top table below shows the support & resistance levels of VIS from the past year’s chart, as well as their price level:volume sentiment at each, using Tuesday 9/10/24’s closing price.

The moving averages are denoted with bold.

The next charts show the volume sentiment at each individual price level VIS 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 VIS ETF.

$256 – NULL – 0:0*, +4.83% From Current Price Level

$252 – NULL – 0:0*, +3.19% From Current Price Level

$248 – Buyers – 0.2:0*, +1.56% From Current Price Level

$244 – Buyers – 1.5:1, -0.08% From Current Price Level – Current Price Level & 10 Day Moving Average**

$240 – Buyers – 2.1:1, -1.72% From Current Price Level – 50 Day Moving Average*

$236 – Sellers – 1.5:1, -3.36% From Current Price Level

$232 – Sellers – 1.03:1, -5% From Current Price Level

$228 – Buyers – 4.33:1, -6.63% From Current Price Level – 200 Day Moving Average*

$224 – Buyers – 3.67:1, -8.27% From Current Price Level

$220 – Buyers – 1.13:1, -9.91% From Current Price Level

$216 – Buyers – 1.35:1, -11.55% From Current Price Level

$212 – Sellers – 1.18:1, -13.19% From Current Price Level

$208 – Buyers – 13:1, -14.82% From Current Price Level

$204 – Buyers – 1.46:1, -16.46% From Current Price Level

$200 – Buyers – 1.27:1, -18.1% From Current Price Level

$198 – Buyers – 1.08:1, -18.92% From Current Price Level

$196 – Sellers – 1.13:1, -19.74% From Current Price Level

$194 – Buyers – 1.95:1, -20.56% From Current Price Level

$192 – Buyers – 1.86:1, -21.38% From Current Price Level

$190 – Buyers – 1.26:1, -22.19% From Current Price Level

$188 – Buyers – 1.21:1, -23.01% From Current Price Level

$186 – Buyers – 1.38:1, -23.83% From Current Price Level

$184 – Buyers – 1.75:1, -24.65% From Current Price Level

$182 – Buyers – 2.02:1, -25.47% From Current Price Level

$180 – Sellers – 2.75:1, -26.29% From Current Price Level

$178 – Sellers – 1.65:1, -27.11% From Current Price Level

$176 – Sellers – 1.75:1, -27.93% From Current Price Level

$174 – Buyers – 1.47:1, -28.75% From Current Price Level

$172 – Sellers – 1.75:1, -29.57% From Current Price Level

$170 – Even – 1:1, -30.38% From Current Price Level

$168 – Buyers – 1.11:1, -31.2% From Current Price Level

$166 – Sellers – 4.4:1, -32.02% From Current Price Level

$164 – Sellers – 1.6:1, -32.84% From Current Price Level

$162 – Buyers – 1.13:1, -33.66% From Current Price Level

$160 – Buyers – 5.33:1, -34.48% From Current Price Level

$158 – Sellers – 1.59:1, -35.3% From Current Price Level

$156 – Sellers – 3.17:1, -36.12% From Current Price Level

$154 – Sellers – 11.33:1, -36.94% From Current Price Level

$152 – NULL – 0:0*, -37.76% From Current Price Level

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

NVIDIA Corp. stock trades under the ticker NVDA & has been one of the most talked about companies in the world over the past year & for great reason.

Their stock has advanced +141.11% over that time, sitting -16.46% below its 52-week high set in June, but still +199.75% higher than their 52-week low that was set on Halloween of 2023 (all figures are ex-dividends).

While their earnings results beat expectations, there was weakness in their guidance which market participants were not pleased to see, leading to yesterday’s gap down session.

Between the negative sentiment from earnings & September’s historic month of poor performance & declines for stocks it is worth examining the strength of weakness of NVDA’s past year’s support & resistance levels.

Below is a brief review of NVDA’s recent technical performance, followed by the volume sentiments for each of the price levels that they have traded at over the past 1-2 years, in order to have an idea as to how they may behave again at these levels.

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.

Technical Analysis Of NVDA, NVIDIA Corp. Stock

Their RSI is 47.6, while their MACD is bullish but ready to cross the signal line bearishly tomorrow or Monday, which will in turn begin showing more weakness in their current moving averages.

Over the past week, volumes have been -15.82% below average this past week despite their earnings call buildup vs. their previous year’s average (371,045,507.2 vs. 440,762,551.13).

However, over the past two trading sessions the average volume has been 448,448,968, only +1.74% above the year’s average despite the disappointing guidance they offered & the selling of the past two days.

Much like has been noted in the last few weekly market reviews, volume is going to be one of the primary areas to keep an eye on in the coming weeks, as it will depict what actual magnitude of market participants are forcing the volatility that we historically see in September.

Last Thursday is when the warning signs began flashing for NVDA, when the session ended with a bearish engulfing candle on high volume compared to the prior couple of weeks.

While there was a brief rally that Friday heading into the week’s close, it was on less volume than the day prior, indicating that uneasiness had begun to creep into their share price.

This Monday the week started off on weak footing with another declining session whose low tested the support of the ten day moving average, but that ultimately closed above it.

Tuesday opened at the 10 DMA, tested lower, but was able to rally higher & close at about the mid-way point of Monday’s candle, as investors gave them one last pump heading into earnings day.

Wednesday was the day of their earnings report, and despite their call not being until after the session’s close, there was bearish sentiment already in the air, as the day opened around Tuesday’s close & then ventured lower, breaking through the 10 DMA’s support by a greater magnitude than it had since the beginning of the month on a volume level that hadn’t been seen in weeks.

This continued into yesterday, where the open gapped down, the day’s high went up to & tested beyond Wednesday’s low, before the bears came out in droves & forced the price below the support of the 50 day moving average, with the day’s lower shadow signaling that there was more downside appetite than the close as well.

As noted earlier, the volume of the past two days was slightly above that of the average volume of the previously year, which indicates that there may be a more mass exodus from the pool in the coming weeks.

Now that the 50 DMA’s support has been breached NVDA’s next primary support level is at $97.39, a -17.18% decline from Thursday evening’s closing price.

While there is a bit of a consolidation range that may provide support once that is reached, upon the $101.99/share point NVDA is either in seller dominated price zones or “NULL” zones (explanation in following section) until the buyers step back in at $95.99/share historically (table below), -18.37% below Thursday’s close.

With that in mind, the next section outlines the volume sentiments for each price level NVDA has traded at over the past 1-2 years & the current price level, moving averages & support/resistance levels are also noted.

Price Level:Volume Sentiment Analysis For NVDA, NVIDIA Corp. 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, using Thursday 8/29/24’s closing price.

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 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 NVDA stock.

$142 – NULL – 0:0*, +20.76% From Current Price Level

$140 – NULL – 0:0*, +19.06% From Current Price Level

$138 – NULL – 0:0*, +17.36% From Current Price Level

$136 – NULL – 0:0*, +15.66% From Current Price Level

$134 – Buyers – 2:0*, +13.96% From Current Price Level

$132 – NULL – 0:0*, +12.25% From Current Price Level

$130 – Buyers – 1.14:1, +10.55% From Current Price Level

$128 – Buyers – 11:1, +8.85% From Current Price Level

$126 – Sellers – 2.39:1, +7.15% From Current Price Level – 10 Day Moving Average*

$124 – Buyers – 3.88:1, +5.45% From Current Price Level

$120 – Sellers – 2:1, +3.75% From Current Price Level – 50 Day Moving Average*

$118 – Sellers – 1.23:1, +2.05% From Current Price Level

$116 – Buyers – 1.86:1, +0.35% From Current Price Level – Current Price Level*

$114 – Buyers – 2.92:1, -1.35% From Current Price Level

$112 – Buyers – 1.94:1, -3.05% From Current Price Level

$110 – Sellers – 2.6:0*, -4.75% From Current Price Level

$108 – Sellers – 3.33:1, -6.45% From Current Price Level

$106 – Even – 1:1, -8.16% From Current Price Level

$104 – Buyers – 1.9:1, -9.86% From Current Price Level

$102 – Buyers – 1.67:1, -11.56% From Current Price Level

$100 – Sellers – 2:0*, -13.26% From Current Price Level

$99 – NULL – 0:0*, -14.96% From Current Price Level

$98 – Sellers – 1.5:0*, -15.81% From Current Price Level

$97 – NULL – 0:0*, -16.66% From Current Price Level

$96 – NULL – 0:0*, -17.51% From Current Price Level

$95 – Buyers – 1.2:0*, -18.36% From Current Price Level

$94 – Buyers – 2.62:1, -19.21% From Current Price Level

$93 – NULL – 0:0*, -20.06% From Current Price Level

$92 – Buyers – 1.16:1, -21.76% From Current Price Level

$91 – Buyers – 5.2:0*, -22.61% From Current Price Level

$90 – Buyers – 1.06:1, -23.46% From Current Price Level

$89 – Buyers – 2.4:1, -24.31% From Current Price Level

$88 – Buyers – 1.76:1, -25.16% From Current Price Level

$87 – Sellers – 1.52:1, -26.01% From Current Price Level – 200 Day Moving Average*

$86 – Sellers – 1.4:0*, -26.86% From Current Price Level

$85 – Sellers – 1.35:1, -27.71% From Current Price Level

$84 – Even – 1:1, -28.57% From Current Price Level

$83 – Sellers – 2:0*, -29.42% From Current Price Level

$82 – Buyers – 4.9:0*, -30.27% From Current Price Level

$81 – NULL – 0:0*, -31.12% From Current Price Level

$80 – NULL – 0:0*, -31.97% From Current Price Level

$79 – Buyers – 3.47:1, -32.82% From Current Price Level

$78 – Buyers – 4.36:1, -33.67% From Current Price Level

$77 – Sellers – 2.5:0*, -34.52% From Current Price Level

$76 – Sellers – 3.1:0*, -35.37% From Current Price Level

$75 – NULL – 0:0*, -36.22% From Current Price Level

$74 – NULL – 0:0*, -37.07% From Current Price Level

$73 – Buyers – 1.9:0*, -37.92% From Current Price Level

$72 – Sellers – 1.42:1, -38.77% From Current Price Level

$71 – NULL – 0:0*, -39.62% From Current Price Level

$70 – Buyers – 1.9:0*, -40.47% From Current Price Level

$69 – Sellers – 2.67:1, -41.32% From Current Price Level

$68 – Sellers – 2.5:0*, -42.17% From Current Price Level

$67 – Sellers – 2.5:0*, -43.02% From Current Price Level

$66 – Buyers – 1.8:0*, -43.87% From Current Price Level

$65 – NULL – 0:0*, -44.72% From Current Price Level

$64 – NULL – 0:0*, -45.57% From Current Price Level

$63 – Buyers – 1.4:0*, -46.42% From Current Price Level

$62 – Buyers – 2.8:0*, -47.27% From Current Price Level

$61 – Buyers – 1.27:1, -48.12% From Current Price Level

$60 – NULL – 0:0*, -48.98% From Current Price Level

$59 – Buyers – 4.7:0*, -49.83% From Current Price Level

$58 – NULL – 0:0*, -50.68% From Current Price Level

$57 – Buyers – 1.9:0*, -51.53% From Current Price Level

$56 – Buyers – 1.06:1, -52.38% From Current Price Level

$55 – NULL – 0:0*, -53.23% From Current Price Level

$54 – Buyers – 3.08:1, -54.08% From Current Price Level

$53 – Buyers – 2.8:0*, -54.93% From Current Price Level

$52 – Buyers – 2.3:0*, -55.78% From Current Price Level

$51 – NULL – 0:0*, -56.63% From Current Price Level

$50 – Buyers – 3:0*, -57.48% From Current Price Level

$49 – Buyers – 1.67:1, -58.33% From Current Price Level

$48 – Buyers – 1.31:1, -59.18% From Current Price Level

$47 – Buyers – 1.06:1, -60.03% From Current Price Level

$46 – Buyers – 1.18:1, -60.88% From Current Price Level

$45 – Sellers – 1.71:1, -61.73% From Current Price Level

$44 – Buyers – 1.6:0*, -62.58% From Current Price Level

$43 – Buyers – 1.5:0*, -63.43% From Current Price Level

$42 – NULL – 0:0*, -64.28% From Current Price Level

$41 – NULL – 0:0*, -65.13% From Current Price Level

$40 – NULL – 0:0*, -65.98% From Current Price Level

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

JXI, the iShares Global Utilities ETF has advanced +19.93% over the past year (ex-distributions, 3.17% annually) as Utilities came into focus both due to data center & AI needs, as well as for traders looking to mitigate risk while markets hover near all-time highs.

While JXI is near its all time high, it is also +30.53% above its 52-week low from October of 2023.

Some of JXI’s biggest holdings include Nextera Energy Inc. (NEE), Southern (SO), Duke Energy Corp. (DUK), Iberdrola SA (IBE), National Grid PLC (NG), Constellation Energy Corp. (CEG), Enel (ENEL), American Electric Power Inc. (AEP), Sempra (SRE) & Dominion Energy (D).

With this in mind, it is important to understand previous investor behavior when JXI has traded in the price ranges it is in now, especially as its components all look to have more volatility ahead.

Below is a brief review of JXI’s recent technical performance, followed by the volume sentiments for each of the price levels that they have traded at over the past ~10 years, in order to have an idea as to how they may behave again at these levels.

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

Technical Analysis Of JXI, The iShares Global Utilities ETF

Their RSI is in overbought territory & sits currently at 73.67, while their MACD is still bullish, but has been riding up against the signal line for the most part in August.

Their volume over the past week has been +47.36% above average compared to the previous year’s average volume (16,100 vs. 10,925.79), which while they tend to trade at low volumes is still a remarkable uptick over the past five sessions.

Yesterday marked a new all-time high for the global utilities ETF & while markets may see an uptick in volatility in the near-term JXI may be less susceptible to pain in a downturn for the reasons noted above.

JXI opened this week on a gap up which will be an area to keep an eye on next week, as if they decline beyond their $65.51 support level they’ll enter the window it created & head towards the support of the bottom of the window & the 10 day moving average.

Given that the next support level is $63.92, that would put JXI up to possibly test the gap created by last Tuesday’s advancing session.

While JXI has low trading volumes on average, volume is the blood that keeps financial instruments alive & it will be important to have an understanding of how investors have behaved at different price levels over the years.

The table in the section below can be used in addition to your other due diligence tools to shed light on how the market may behave at these levels if they’re tested again.

JXI, The iShares Global Utilities ETF’s Price Level:Volume Sentiment Broken Down

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

The moving averages are denoted with bold.

The next charts show the volume sentiment at each individual price level JXI has traded at over the past ~10 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 JXI ETF or any of its components.

$66 – NULL – 0:0*, -0.08% From Current Price Level – Current Price Level*

$65 – NULL – 0:0*, -1.59% From Current Price Level

$64 – NULL – 0:0*, -3.1% From Current Price Level – 10 Day Moving Average*

$63 – Buyers – 0.1:0*, -4.62% From Current Price Level

$62 – Buyers – 0.1:0*, -6.13% From Current Price Level – 50 Day Moving Average*

$61 – Sellers – 2:1, -7.65% From Current Price Level

$60 – Sellers – 2:1, -9.16% From Current Price Level

$59 – Buyers 1.6:1, -10.67% From Current Price Level

$58 – Buyers – 3:1, -12.19% From Current Price Level – 200 Day Moving Average*

$57 – Buyers – 1.33:1, -13.7% From Current Price Level

$56 – Sellers – 1.22:1, -15.22% From Current Price Level

$55 – Buyers – 1.4:1, -16.73% From Current Price Level

$54 – Even – 1:1, -18.24% From Current Price Level

$53 – Buyers – 2:1, -19.76% From Current Price Level

$52 – Buyers – 1.5:1, -21.27% From Current Price Level

$51 – Even, 1:1, -22.79% From Current Price Level

$50 – Buyers – 1.2:1, -24.3% From Current Price Level

$49 – Sellers – 3.82:1, -25.81% From Current Price Level

$48 – Buyers – 8:1, -27.33% From Current Price Level

$47 – Buyers – 4:1, -28.84% From Current Price Level

$46 – Buyers – 1.33:1, -30.36% From Current Price Level

$45 – Buyers – 2.14:1, -31.87% From Current Price Level

$44 – Sellers – 6.78:1, -33.38% From Current Price Level

$43 – Sellers – 2:1, -34.9% From Current Price Level

$42 – Buyers – 6.63:1, -36.41% From Current Price Level

$41 – Buyers – 1.04:1, -37.93% From Current Price Level

$40 – Sellers – 1.39:1, -39.44% From Current Price Level

$39 – Sellers – 2.38:1, -40.95% From Current Price Level

$38 – Sellers – 1.75:1, -42.47% From Current Price Level

$37 – Buyers – 3:1, -43.98% From Current Price Level

$36 – Buyers – 2.22:1, -45.5% From Current Price Level

$35 – Buyers – 1.52:1, -47.01% From Current Price Level

$34 – Sellers – 1.42:1, -48.52% From Current Price Level

$33 – Buyers – 1.08:1, -50.04% From Current Price Level

$32 – Sellers – 2.27:1, -51.55% From Current Price Level

$31 – Sellers – 1.22:1, -53.07% From Current Price Level

$30 – Sellers – 1.3:1, -54.58% From Current Price Level

$29 – NULL – 0:0*, -56.09% From Current Price Level

$28 – NULL – 0:0*, -57.61% From Current Price Level

$27 – NULL – 0:0*, -59.12% From Current Price Level

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

XLK, the Technology Select Sector SPDR Fund ETF has declined -15.77% since their 52-week high, which was reached on 7/11/2024.

While they’re still up +17.77% over the past calendar year & +25.8% since their 52-week low in October of 2023, recent technical weakness amid broader market volatility calls for another look at their more recently updated price level:volume sentiment.

As noted last time we dove into XLK’s price level:volume sentiment their ten largest holdings are Applied Materials Inc. (AMAT), Qualcomm Inc. (QCOM), Microsoft Corp. (MSFT), NVIDIA Corp. (NVDA), Apple Inc. (AAPL), Broadcom Inc. (AVGO), Advanced Micro Devices (AMD), Adobe Inc. (ADBE), Salesforce Inc. (CRM) & Oracle Corp. (ORCL).

Given the recent selloff in large tech names, including by company insiders such as NVDA’s CEO Jensen Huang selling ~$500M in shares this summer alone, it appears that there may be more volatility on the near-term horizon.

With this in mind, it is important to understand previous investor behavior when XLK has traded in the price ranges it is in now, especially as its components all look to have more volatility ahead.

Below is a brief review of XLK’s recent technical performance, followed by the volume sentiments for each of the price levels that they have traded at over the past 2-3 years, in order to have an idea as to how they may behave again at these levels.

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

Technical Analysis Of XLK, The Technology Sector Select SPDR Fund ETF

Their RSI is bouncing back from the oversold level of 30 & sits at 33.57 per 8/6/2024’s close & their MACD is still heavily bearish, with the histogram not indicating much weakness in terms of bearish sentiment yet.

Volumes over the past week & a half have been +39.79% higher than the previous year’s average volume (8,875,842.86 vs. 6,349,194.05), primarily driven by Monday’s massive declining session that brought about the second highest volume of the past year.

Monday’s session is also important as it showed that there is appetite for XLK to trade below its 200 day moving average, which will be important to keep an eye on moving into the second half of the year.

XLK’s 10 day moving average crossed bearishly through their 50 day moving average last Monday, leading the way for a bearish head & shoulders pattern was formed this week that began in April.

Last Friday’s gap down is an area to take note of as well for the near-term, as in addition to the bearish implications the long-legged doji candle shows that there is a lot of indecision & uncertainty as to where XLK should be valued at the moment.

Friday’s heavy volume should also be noted, as between Thursday, Friday & Monday there was a lot of profit taking & while Tuesday’s volumes were heavier that the first two days mentioned there, if the following days are not also heavy there will be a signal of extreme low confidence.

Monday’s candle is very interesting, as it opened low, was able to test higher but was rejected by the 200 day moving average’s resistance & closed lower, although the day’s close was still +3.12% higher than its open.

While the day’s close being that much higher than the open might normally be seen as a bullish signal, the rejection by the 200 DMA & the inability of Tuesday to open or close above it adds a bit of doubt in the near-term sentiment.

In the event that there is further downside movement that wide range covered by the candle’s body may be where a consolidation range forms.

Yesterday’s candle was also a long-legged doji, which despite being a +1.36% session, most of the gain was made on the opening gap up & neither bulls nor bears were in control of the session as a whole.

While the lower range of the day stayed above Monday’s close, the session was unable to close above the 200 DMAs resistance.

While today (Wednesday) has managed to open higher, it will be interesting to see how XLK holds up against the strength of resistance from both the window created by last Friday’s gap & the 10 DMA, which is about to enter said window & apply downward pressure on XLK’s share price.

With all of this volatility & indecision in mind, it is imperative to be paying attention to volume & volume trends, as at the end of the day they will be what is moving price action, especially as XLK’s price gets closer to testing the 10 DMA’s resistance.

It should also be noted that this week features very little in terms of market data, but next week PPI (Tuesday) & CPI (Wednesday) are being released, which will likely add to the volatility.

With this in mind, the table below may be able to shed some insight into how XLK’s prices move during these times of heightened volatility.

XLK, The Technology Sector Select SPDR Fund ETF’s Price Level:Volume Sentiment Broken Down

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

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 ~2-3 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 XLK ETF or any of its components.

$240 – NULL – 0:0*, +19.65% From Current Price Level

$236 – Buyers – 0.4:0*, +17.65% From Current Price Level

$232 – Buyers – 3:1, +15.66% From Current Price Level

$228 – Sellers – 1.31:1, +13.66% From Current Price Level

$224 – Buyers – 2.22:1, +11.67% From Current Price Level

$220 – Sellers – 1:0*, +9.68% From Current Price Level – 50 Day Moving Average*

$216 – Buyers – 1.7:0*, +7.68% From Current Price Level

$212 – Buyers – 1.13:1, +5.69% From Current Price Level

$208 – Buyers – 2.25:1, +3.69% From Current Price Level – 10 Day Moving Average*

$204 – Buyers – 1.14:1, +1.7% From Current Price Level

$200 – Buyers – 1.16:1, -0.29% From Current Price Level – 200 Day Moving Average & Current Price Level**

$198 – Even – 1:1, -1.29% From Current Price Level

$196 – Sellers – 2.13:1, -2.29% From Current Price Level

$194 – Buyers – 1.67:1, -3.29% From Current Price Level

$192 – Sellers – 1.15:1, -4.28% From Current Price Level

$190 – Buyers – 5:1, -5.28% From Current Price Level

$188 – Buyers – 1.67:1, -6.28% From Current Price Level

$186 – Buyers – 1.8:1, -7.27% From Current Price Level

$184 – Buyers – 3.75:1, -8.27% From Current Price Level

$182 – Sellers – 1.27:1, -9.27% From Current Price Level

$180 – Buyers – 1.17:1, -10.26% From Current Price Level

$178 – Buyers – 1.56:1, -11.26% From Current Price Level

$176 – Buyers – 5:1, -12.26% From Current Price Level

$174 – Sellers – 1.24:1, -13.26% From Current Price Level

$172 – Buyers – 1.4:1, -14.25% From Current Price Level

$170 – Buyers – 1.79:1, -15.25% From Current Price Level

$168 – Buyers – 2.75:1, -16.25% From Current Price Level

$166 – Sellers – 1.26:1, -17.24% From Current Price Level

$164 – Buyers – 1.31:1, -18.24% From Current Price Level

$162 – Buyers – 1.6:1, -19.24% From Current Price Level

$160 – Buyers – 1.45:1, -20.24% From Current Price Level

$158 – Buyers – 1.18:1, -21.23% From Current Price Level

$156 – Buyers – 2.1:0*, -22.23% From Current Price Level

$154 – Sellers – 5.38:1, -23.23% From Current Price Level

$152 – Buyers – 1.4:1, -24.22% From Current Price Level

$150 – Buyers – 1.13:1, -25.22% From Current Price Level

$148 – Sellers – 1.06:1, -26.22% From Current Price Level

$146 – Sellers – 1.16:1, -27.21% From Current Price Level

$144 – Buyers – 1.54:1, -28.21% From Current Price Level

$142 – Buyers – 1.08:1, -29.21% From Current Price Level

$140 – Sellers – 1.37:1, -30.21% From Current Price Level

$138 – Sellers – 1.03:1, -31.2% From Current Price Level

$136 – Sellers – 1.42:1, -32.2% From Current Price Level

$134 – Buyers – 1.53:1, -33.2% From Current Price Level

$132 – Sellers – 1.3:1, -34.19% From Current Price Level

$130 – Buyers – 1.56:1, -35.19% From Current Price Level

$128 – Sellers – 1.94:1, -36.19% From Current Price Level

$126 – Buyers – 1.04:1, -37.19% From Current Price Level

$124 – Buyers – 1.22:1, -38.18% From Current Price Level

$122 – Buyers – 1.2:1, -39.18% From Current Price Level

$120 – Sellers – 2.32:1, -40.18% From Current Price Level

$118 – Buyers – 1.1:1, -41.17% From Current Price Level

$116 – Sellers – 2.4:0*, -42.17% From Current Price Level

$114 – Sellers – 2.7:0*, -43.17% From Current Price Level

$112 – NULL – 0:0*, -44.16% From Current Price Level

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