Technical Analysis for DES2 - ETFS DAX Daily 2x Short GO ETF

Grade Last Price % Change Price Change
F 1.04 -0.26% 0.00
DES2 closed down 0.26 percent on Thursday, March 28, 2024, on 88 percent of normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
Jack-in-the-Box Bearish Bearish Swing Setup 0.00%
Narrow Range Bar Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Inside Day Range Contraction 0.00%
Below Lower BB Weakness 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Down 5 Days in a Row Weakness 0.00%
Oversold Stochastic Weakness 0.00%

   Recent Intraday Alerts

Alert Time
Possible Inside Day about 24 hours ago
1.5x Volume Pace 1 day ago
Rose Above Lower Bollinger Band 1 day ago
Down 1% 2 days ago
Down 1 ATR 2 days ago

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ETFS DAX Daily 2x Short GO ETF Description

The ETFS DAX® Daily 2x Short GO UCITS ETF (DES2) is designed to track the performance of the ShortDAX® x2 Index (the "Tracked Index"). The Tracked Index is a strategic index that is designed to provide twice the inverse of the daily percentage change in the level of the DAX® Index (the "Underlying Index") plus an implied amount reflecting the interest accruing on the cash proceeds earned from the sale of the index portfolio (the "Interest Rate") less the cost of borrowing the index portfolio for the leveraged short exposure (the "Borrowing Cost"). This magnified inverse exposure is known as a 'short and leveraged' exposure. For example, if the Underlying Index was to decrease in value by 5% on a particular day, the Tracked Index is designed to increase in value by 10% on that day, subject to the adjustments for the Interest Rate and Borrowing Cost. DES2 is designed to reflect the performance of the Tracked Index, minus fees and expenses. DES2 is an exchange traded fund ("ETF").


Classification

Keywords: Exchange Traded Funds Exchange Traded Fund ETF Boost Etp Leverage Rowing Interest Rate Inverse Exchange Traded Fund Dax Deutsche Boerse Dax Index

Is DES2 a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 1.5986
52 Week Low 1.0344
Average Volume 84,481
200-Day Moving Average 1.31
50-Day Moving Average 1.16
20-Day Moving Average 1.09
10-Day Moving Average 1.07
Average True Range 0.01
RSI (14) 18.70
ADX 47.77
+DI 13.85
-DI 63.85
Chandelier Exit (Long, 3 ATRs) 1.11
Chandelier Exit (Short, 3 ATRs) 1.07
Upper Bollinger Bands 1.15
Lower Bollinger Band 1.04
Percent B (%b) 0.0
BandWidth 10.15
MACD Line -0.03
MACD Signal Line -0.03
MACD Histogram -0.0026
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.04
Resistance 3 (R3) 1.04 1.04 1.04
Resistance 2 (R2) 1.04 1.04 1.04 1.04
Resistance 1 (R1) 1.04 1.04 1.04 1.04 1.04
Pivot Point 1.04 1.04 1.04 1.04 1.04
Support 1 (S1) 1.04 1.04 1.04 1.04 1.03
Support 2 (S2) 1.03 1.04 1.03 1.03
Support 3 (S3) 1.03 1.03 1.03
Support 4 (S4) 1.03