Technical Analysis for DRIP - Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| F | 9.24 | -3.25% | -0.31 |
DRIP closed down 3.25 percent on Wednesday, November 20, 2024, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| NR7 | Range Contraction | 0.00% | |
| NR7-2 | Range Contraction | 0.00% | |
| Wide Bands | Range Expansion | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| NR7 | Range Contraction | -3.25% | |
| Inside Day | Range Contraction | -3.25% | |
| Gapped Up | Strength | -3.25% | |
| Oversold Stochastic | Weakness | -3.25% | |
| 180 Bearish Setup | Bearish Swing Setup | -1.81% | |
| Gapped Down | Weakness | -1.81% |
| Alert | Time |
|---|---|
| 60 Minute Opening Range Breakdown | about 16 hours ago |
| Possible NR7 | about 17 hours ago |
| Down 3% | about 21 hours ago |
| Fell Below Previous Day's Low | about 21 hours ago |
| Down 2 % | about 21 hours ago |
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Basic chart:
The investment seeks daily investment results, of 300% of the inverse (or opposite) of the performance of the S&P Oil & Gas Exploration & Production Select Industry Index ("index").
The index is provided by S&P and includes domestic companies from the oil and gas exploration and production sub-industry. The fund normally creates short positions by investing at least 80% of its assets in: swap agreements; options on securities and indices; forward contracts; short positions; reverse repurchase agreements; ETFs; and other financial instruments that, in combination, provide inverse leveraged and unleveraged exposure to the index. It is non-diversified.
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Betashares Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Repurchase Agreement Gas Exploration Oil And Gas Exploration Forward Contract
Classification
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Betashares Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Repurchase Agreement Gas Exploration Oil And Gas Exploration Forward Contract
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 12.9315 |
| 52 Week Low | 7.6596 |
| Average Volume | 3,327,607 |
| 200-Day Moving Average | 9.90 |
| 50-Day Moving Average | 10.70 |
| 20-Day Moving Average | 10.39 |
| 10-Day Moving Average | 9.68 |
| Average True Range | 0.44 |
| RSI (14) | 35.48 |
| ADX | 22.0 |
| +DI | 13.81 |
| -DI | 28.92 |
| Chandelier Exit (Long, 3 ATRs) | 10.46 |
| Chandelier Exit (Short, 3 ATRs) | 10.56 |
| Upper Bollinger Bands | 12.00 |
| Lower Bollinger Band | 8.78 |
| Percent B (%b) | 0.14 |
| BandWidth | 31.06 |
| MACD Line | -0.39 |
| MACD Signal Line | -0.27 |
| MACD Histogram | -0.1192 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 9.66 | ||||
| Resistance 3 (R3) | 9.70 | 9.61 | 9.59 | ||
| Resistance 2 (R2) | 9.61 | 9.50 | 9.59 | 9.57 | |
| Resistance 1 (R1) | 9.42 | 9.43 | 9.38 | 9.38 | 9.54 |
| Pivot Point | 9.33 | 9.33 | 9.30 | 9.30 | 9.33 |
| Support 1 (S1) | 9.14 | 9.22 | 9.09 | 9.10 | 8.94 |
| Support 2 (S2) | 9.05 | 9.15 | 9.02 | 8.91 | |
| Support 3 (S3) | 8.86 | 9.05 | 8.89 | ||
| Support 4 (S4) | 8.82 |
