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

Grade Last Price % Change Price Change
F 8.34 -1.18% -0.10
DRIP closed down 1.18 percent on Monday, April 29, 2024, on 53 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
3 Watchers
Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
Fell Below 20 DMA Bearish 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Crossed Above 20 DMA Bullish -1.18%
Bollinger Band Squeeze Range Contraction -1.18%
NR7 Range Contraction -1.18%
Inside Day Range Contraction -1.18%
Gapped Up Strength -1.18%
Fell Below 20 DMA Bearish -1.18%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 3 hours ago
60 Minute Opening Range Breakdown about 5 hours ago
Down 1% about 5 hours ago
20 DMA Support about 7 hours ago
Fell Below Previous Day's Low 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 0.71 3.67
OXY A 0.66 2.91
EOG A 0.41 2.71
HES A 0.37 2.69
DVN A 0.70 2.64
PXD B 1.76 2.56
FANG A -0.91 2.52
COP A -0.02 2.49
PBF A 0.17 2.49
MRO B 0.61 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 1,410,784
200-Day Moving Average 10.42
50-Day Moving Average 9.32
20-Day Moving Average 8.43
10-Day Moving Average 8.65
Average True Range 0.32
RSI (14) 37.11
ADX 29.79
+DI 11.84
-DI 20.60
Chandelier Exit (Long, 3 ATRs) 8.13
Chandelier Exit (Short, 3 ATRs) 8.83
Upper Bollinger Bands 9.01
Lower Bollinger Band 7.85
Percent B (%b) 0.42
BandWidth 13.86
MACD Line -0.21
MACD Signal Line -0.26
MACD Histogram 0.0566
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 8.59
Resistance 3 (R3) 8.61 8.54 8.55
Resistance 2 (R2) 8.54 8.48 8.53 8.53
Resistance 1 (R1) 8.44 8.44 8.41 8.42 8.52
Pivot Point 8.38 8.38 8.36 8.37 8.38
Support 1 (S1) 8.28 8.32 8.25 8.26 8.16
Support 2 (S2) 8.21 8.28 8.20 8.15
Support 3 (S3) 8.11 8.21 8.13
Support 4 (S4) 8.09