Technical Analysis for DRIP - Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares

Grade Last Price % Change Price Change
D 9.03 1.80% 0.16
DRIP closed up 1.8 percent on Thursday, April 18, 2024, on 1.15 times normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
3 Watchers
Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Up

Date Alert Name Type % Chg
Pocket Pivot Bullish Swing Setup 0.00%
Stochastic Reached Overbought Strength 0.00%
Weak + Overbought Other 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%
Up 5 Days in a Row Strength 0.00%
Up 3 Days in a Row Strength 1.80%
Up 4 Days in a Row Strength 1.80%
Up 5 Days in a Row Strength 1.80%

   Recent Intraday Alerts

Alert Time
Up 2% about 7 hours ago
Possible NR7 about 8 hours ago
60 Minute Opening Range Breakout about 8 hours ago
Rose Above Previous Day's High about 8 hours ago
Up 1% about 8 hours ago

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Profile

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.
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

Top 10 Components

Symbol Grade Price % Change Allocation
APA B 0.53 3.67
OXY A 0.09 2.91
EOG A -0.48 2.71
HES A 0.65 2.69
DVN A -0.46 2.64
PXD A 0.07 2.56
FANG A -0.77 2.52
COP A -0.41 2.49
PBF A -3.11 2.49
MRO A -1.01 2.49

Is DRIP 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 16.6111
52 Week Low 7.865
Average Volume 1,476,630
200-Day Moving Average 10.56
50-Day Moving Average 9.75
20-Day Moving Average 8.54
10-Day Moving Average 8.40
Average True Range 0.33
RSI (14) 52.83
ADX 37.84
+DI 19.16
-DI 19.95
Chandelier Exit (Long, 3 ATRs) 8.53
Chandelier Exit (Short, 3 ATRs) 8.87
Upper Bollinger Bands 9.31
Lower Bollinger Band 7.78
Percent B (%b) 0.82
BandWidth 17.92
MACD Line -0.29
MACD Signal Line -0.46
MACD Histogram 0.1662
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 9.53
Resistance 3 (R3) 9.49 9.30 9.44
Resistance 2 (R2) 9.30 9.17 9.31 9.41
Resistance 1 (R1) 9.16 9.09 9.23 9.20 9.39
Pivot Point 8.97 8.97 9.00 8.98 8.97
Support 1 (S1) 8.83 8.84 8.90 8.87 8.67
Support 2 (S2) 8.64 8.76 8.65 8.65
Support 3 (S3) 8.50 8.64 8.62
Support 4 (S4) 8.54