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

Grade Last Price % Change Price Change
grade A 12.11 -9.29% -1.24
DRIP closed up 1.06 percent on Tuesday, December 11, 2018, on 1.46 times normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Up Up Up
See historical DRIP trend table...

Date Alert Name Type % Chg
Dec 11 Pocket Pivot Bullish Swing Setup -9.29%
Dec 11 Upper Bollinger Band Walk Strength -9.29%
Dec 11 Inside Day Range Contraction -9.29%
Dec 11 Wide Bands Range Expansion -9.29%
Dec 11 Above Upper BB Strength -9.29%
Dec 11 Overbought Stochastic Strength -9.29%
Dec 11 Up 3 Days in a Row Strength -9.29%
Dec 11 Up 4 Days in a Row Strength -9.29%
Dec 11 Up 5 Days in a Row Strength -9.29%
Dec 11 Upper Bollinger Band Touch Strength -9.29%

Older signals for DRIP ...

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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.
Is DRIP a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 4 bullish, 0 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Recent News
Date Title
Dec 12 5 Leveraged/Inverse ETFs Soaring in December
Dec 11 Crude oil claws back some of yesterday's hefty losses; WTI +2.4%
Dec 10 Crude oil slides 3%, giving up gains on OPEC production deal
Dec 7 Oil prices settle ~2% higher but off session highs
Dec 7 U.S. moves to boost drilling, mining by rolling back sage grouse protections
Dec 7 U.S. crude oil +5% as OPEC reportedly reaches production cut deal
Dec 7 Iran reportedly agrees to OPEC deal, sending crude oil prices higher
Dec 6 U.S. now a net oil exporter for first time on record
Dec 6 OPEC members say production cut coming, specifics TBD; U.S. crude oil -4%
Dec 4 Crude oil extends gains on expectations of production cuts
See more DRIP news...
Indicators
Indicator Value
52 Week High 19.26
52 Week Low 4.88
Average Volume 4,808,312
200-Day Moving Average 8.1756
50-Day Moving Average 8.5508
20-Day Moving Average 10.7485
10-Day Moving Average 11.434
Average True Range 1.1591
ADX 31.11
+DI 36.1374
-DI 18.3528
Chandelier Exit (Long, 3 ATRs ) 10.2827
Chandelier Exit (Short, 3 ATRs ) 10.9673
Upper Bollinger Band 13.038
Lower Bollinger Band 8.459
Percent B (%b) 1.07
BandWidth 42.601293
MACD Line 1.0969
MACD Signal Line 0.908
MACD Histogram 0.1889
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 15.39
Resistance 3 (R3) 15.26 14.44 15.05
Resistance 2 (R2) 14.44 13.92 14.51 14.94
Resistance 1 (R1) 13.90 13.60 14.17 14.03 14.82
Pivot Point 13.08 13.08 13.22 13.15 13.08
Support 1 (S1) 12.54 12.56 12.81 12.67 11.88
Support 2 (S2) 11.72 12.24 11.79 11.76
Support 3 (S3) 11.18 11.72 11.65
Support 4 (S4) 11.31