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

Grade Last Price % Change Price Change
grade F 4.37 -7.42% -0.35
DRIP closed down 7.42 percent on Monday, August 10, 2020, on 76 percent of normal volume. 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
Historical DRIP trend table...

Date Alert Name Type % Chg
Bollinger Band Squeeze Range Contraction 0.00%
BB Squeeze + Lower Band Touch Range Contraction 0.00%
Below Lower BB Weakness 0.00%
Gapped Down Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
180 Bearish Setup Bearish Swing Setup -7.42%
Bollinger Band Squeeze Range Contraction -7.42%
Outside Day Range Expansion -7.42%
Oversold Stochastic Weakness -7.42%

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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 Fund ETF Exchange Traded Funds Index Leveraged ETF Ultra ETF Bear Market ETF Inverse ETF Betashares Oil And Gas Exploration

Top 10 Components

Symbol Grade Percentage
APA 3.67
OXY 2.91
WPX 2.79
CXO 2.74
EOG 2.71
HES 2.69
DVN 2.64
PXD 2.56
XEC 2.56
FANG 2.52
View All DRIP Holdings

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 59.6525
52 Week Low 3.19
Average Volume 11,187,776
200-Day Moving Average 9.53
50-Day Moving Average 5.18
20-Day Moving Average 5.11
10-Day Moving Average 4.97
Average True Range 0.42
ADX 9.02
+DI 17.79
-DI 28.04
Chandelier Exit (Long, 3 ATRs ) 5.24
Chandelier Exit (Short, 3 ATRs ) 5.60
Upper Bollinger Band 5.75
Lower Bollinger Band 4.48
Percent B (%b) -0.08
BandWidth 24.86
MACD Line -0.25
MACD Signal Line -0.20
MACD Histogram -0.0506
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 4.87
Resistance 3 (R3) 4.91 4.79 4.78
Resistance 2 (R2) 4.79 4.66 4.77 4.75
Resistance 1 (R1) 4.58 4.59 4.52 4.54 4.73
Pivot Point 4.46 4.46 4.43 4.44 4.46
Support 1 (S1) 4.25 4.33 4.19 4.21 4.01
Support 2 (S2) 4.13 4.26 4.11 3.99
Support 3 (S3) 3.92 4.13 3.96
Support 4 (S4) 3.88