Direxion Daily Developed Markets Bear 3X Shares (DPK) Stock Technical Analysis
USA - NYSEARCA:DPK -
15.7756 USD
+1.25 (+8.57%)
16.08 USD
+0.3 (+1.93%)
Taking everything into account, DPK scores 7 out of 10 in our technical rating. In the last year, DPK was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month DPK has a been trading in the 11.98 - 26.57 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When comparing the yearly performance of all stocks, we notice that DPK is one of the better performing stocks in the market, outperforming 97% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
DPK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DPK is lagging the market.
Although DPK has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
9.86
15.93
When analyzing the support we can see 2 important areas.
- Support @14.53 from a horizontal line in the daily time frame.
- Support @9.96 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for DPK is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DPK is down. |
| ChartMill Relative Strength | 97.91 | POSITIVE | DPK has a high relative strength, it outperformed 97.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of DPK is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DPK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DPK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.48 | NEUTRAL | The RSI value for DPK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.88 | NEGATIVE | The MACD value suggests DPK has a negative trend. |
| Stochastics (14,3) | 17.1 | OVERSOLD | The low Stochastics value suggests DPK may be oversold. |
| Average True Range in percent/ATR (20) | 20.38 | HIGH VOLATILITY | The high ATR as a percentage value for DPK suggests high volalility. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Direxion Daily Developed Markets Bear 3X Shares
NYSEARCA:DPK (3/27/2020, 8:04:07 PM)
After market: 16.08 +0.3 (+1.93%)15.7756
+1.25 (+8.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg8.57%
1 Week-34.89%
2 Weeks-14.26%
1 Month17.82%
3 Month61.47%
6 Month27.22%
12 Month17.46%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.92
ATR(20)%20.38%
ATR Inc-47.85%
Range Today1.26
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.91
Mansfield4.87
10 Day High26.57
10 Day Low14.45
20 Day High26.57
20 Day Low11.98
52 Week High26.57
52 Week Low9.48
CS1 End14.53
CR1 StartN/A
Volume & EV
DER(3)-3.88%
DER(5)-2.98%
Volume30.60K
Volume Incr-55.24%
Vol(5)55.54K
Vol(50)74.37K