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

Grade Last Price % Change Price Change
grade F 63.39 4.83% 2.92
DRIP closed up 4.83 percent on Wednesday, September 18, 2019, on 1.69 times 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) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Down Down Down
See historical DRIP trend table...

Date Alert Name Type % Chg
Calm After Storm Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
NR7 Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Gapped Up Strength 0.00%
Oversold Stochastic Weakness 0.00%
Pocket Pivot Bullish Swing Setup 4.83%
Volume Surge Other 4.83%
Lower Bollinger Band Walk Weakness 4.83%
Multiple of Ten Bullish Other 4.83%

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.
Exchange Traded Funds Index Betashares Oil And Gas Exploration
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: 0 bullish, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 130.85
52 Week Low 24.4
Average Volume 431,131
200-Day Moving Average 66.832
50-Day Moving Average 88.1962
20-Day Moving Average 90.144
10-Day Moving Average 74.307
Average True Range 10.9193
ADX 22.07
+DI 20.7698
-DI 41.3528
Chandelier Exit (Long, 3 ATRs ) 89.0921
Chandelier Exit (Short, 3 ATRs ) 83.0079
Upper Bollinger Band 127.9254
Lower Bollinger Band 52.3626
Percent B (%b) 0.15
BandWidth 83.824547
MACD Line -8.6338
MACD Signal Line -4.0088
MACD Histogram -4.625
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 68.43
Resistance 3 (R3) 68.31 66.50 67.59
Resistance 2 (R2) 66.50 65.22 66.57 67.31
Resistance 1 (R1) 64.95 64.43 65.73 65.07 67.03
Pivot Point 63.14 63.14 63.53 63.21 63.14
Support 1 (S1) 61.59 61.86 62.37 61.71 59.75
Support 2 (S2) 59.78 61.07 59.85 59.47
Support 3 (S3) 58.23 59.78 59.19
Support 4 (S4) 58.35