DIREXION DAILY S&P OIL & GAS (DRIP) Stock Technical Analysis
USA - NYSEARCA:DRIP - US25460G3285 - ETF
8.71 USD
+0.37 (+4.44%)
8.7297 USD
+0.02 (+0.23%)
Taking everything into account, DRIP scores 0 out of 10 in our technical rating. DRIP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
78% of all other stocks performed better in the past year than DRIP.
DRIP is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
DRIP has an average volume of 3452700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month DRIP has a been trading in the 7.72 - 9.27 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
DRIP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 8.72. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for DRIP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
7.88
9.87
We found 1 important support area.
- A support zone ranging from 7.96 to 7.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 8.72 to 8.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 9.71 to 9.77. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for DRIP is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DRIP is neutral. |
| ChartMill Relative Strength | 22.93 | NEGATIVE | DRIP has a low relative strength, it was outperformed by 77.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of DRIP is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DRIP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DRIP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.93 | NEUTRAL | The RSI value for DRIP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests DRIP has a positive trend. |
| Stochastics (14,3) | 51.78 | NEUTRAL | The Stochastics value for DRIP is a neutral value. |
| Average True Range in percent/ATR (20) | 4.64 | MEDIUM VOLATILITY | The ATR as a percentage value for DRIP suggests some volalility. |
| Average Directional Index/ADX (14) | 22.95 | NEUTRAL | The ADX value for DRIP suggests a possible start of a new trend. |
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)
NYSEARCA:DRIP (10/9/2025, 9:05:56 PM)
After market: 8.7297 +0.02 (+0.23%)8.71
+0.37 (+4.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg4.44%
1 Week1.4%
2 Weeks7.66%
1 Month-2.02%
3 Month-0.23%
6 Month-37.29%
12 Month-12.02%
2 Year-15.68%
3 Year-30.1%
5 Year-98.78%
10 Year-99.71%
15 YearN/A
Volatility
ATR(14)0.41
ATR(20)%4.64%
ATR Inc7.5%
Range Today0.59
ADR(20)0.37
ADR(20)%4.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.93
Mansfield-2.54
10 Day High8.75
10 Day Low7.72
20 Day High9.27
20 Day Low7.72
52 Week High17.48
52 Week Low7.72
CS1 End7.96
CR1 Start8.72
Volume & EV
DER(3)5.56%
DER(5)4.28%
Volume3.19M
Volume Incr-16.64%
Vol(5)3.87M
Vol(50)3.45M