Stock Price Evaluation for Direxion Daily FTSE China Bull 3X ETF (:YINN): Shares -8.600872 for the Week – Hawthorn Caller

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Investing in the stock market has traditionally offered higher returns than other types of investments. With the higher potential for returns, there is also a higher risk factor. Investors typically need to address their own personal risk situation before jumping into the market. Figuring out risk appetite can help when choosing which types of stocks to buy. Some investors will decide that they want to take a chance on certain stocks that have the potential to outperform in the future. Other investors may opt to play it safe and build a portfolio with low risk, staple stocks. 

The Donchian Channels indicator can be used to figure out if a market is overbought or oversold. A price breakthrough of either the upper or lower band may signal these conditions. The current reading for the 20 day lower band on shares of Direxion Daily FTSE China Bull 3X ETF (:YINN) is 22.68. The current reading for the 20 day upper band is 25.9.

Traders often use pivot point analysis to calculate proper support and resistance levels. Pivot points can be used as markers for traders to identify entry and exit positions. We can now take a look at some one month pivot points:

Fibonacci: 24.06
Fibonacci support 1: 22.88344
Fibonacci support 2: 22.15656
Woodie: 23.78
Woodie support 1: 21.66
Woodie resistance 1: 24.74
Camarilla: 24.06
Classic: 24.06
Classic resistance 1: 25.3
Classic support 1: 22.22

Looking at the stock’s volatility, we note that the current reading is 3.3950617. High volatility may show how the stock’s value can possibly be spread out over a larger range of values. Lower volatility points to the fact that a stock tends to be steadier. Weekly stock volatility clocks in at 3.6080244 while volatility for the month comes in at 3.3413024. The current Bull Bear Power reading for the stock is -1.5244738.

Traders have the ability to use many different indicators when studying stocks. The Ichimoku Cloud is a highly popular indicator that helps display support and resistance. Looking at some Ichimoku levels, we note that the Ichimoku Cloud Base Line level is 23.3105. The Ichimoku Could Conversion Line reading is 24.155. From another angle, the Ichimoku Lead 1 is presently 23.06, and the Lead 2 level is 23.75.

Investors are often searching through all the numbers to help decide which stocks to purchase. Taking a closer look at shares of Direxion Daily FTSE China Bull 3X ETF (:YINN), we see that the stock’s latest close price was 23. Tracking historical price information can help investors see the bigger picture when looking at a stock. Since the beginning of the year, shares have seen a change of -32.216343. Over the last full year, shares have moved -19.285965. Bringing the focus in, the stock has changed -33.659378 over the past three months, -2.2052586 over the last month, and -8.600872 over the last week. Traders will be closely watching to see what happens to the stock price over the next couple of sessions.

Scanning the levels on shares of Direxion Daily FTSE China Bull 3X ETF (:YINN), investors might be seeing how close the current price is in relation to some historical high and low prices. Looking out over the previous 3 months, we note that the high/low is 36.65/19.96. Over the past 1 month, the high/low is 25.99/19.96. Looking back over the last full-year, the high price is 53.89, and the low price sits at 19.96. For the last six months, the high was seen at 39.51, and the low was noted at
19.96.

Technical analysts will note that the Awesome Oscillator reading is presently -0.18588765. This oscillator may fluctuate above and below a zero line and can be used to create a wide variety of trading signals.

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