Overall DRIP gets a technical rating of 0 out of 10. 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.
DRIP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 8.03, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
7.88
We found 1 important support area.
- A support zone ranging from 7.96 to 8.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 8.52 to 8.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 8.74 to 8.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.07 from a trend line in the daily time frame.
- Resistance @9.43 from a trend line in the weekly time frame.
- A resistance zone ranging from 9.71 to 9.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for DRIP is down. |
| ChartMill Relative Strength | 31.7 | NEUTRAL | DRIP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DRIP is below 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) | 45.25 | NEUTRAL | The RSI value for DRIP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests DRIP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 41.24 | NEUTRAL | The Stochastics value for DRIP is a neutral value. |
| Average True Range in percent/ATR (20) | 5.51 | HIGH VOLATILITY | The high ATR as a percentage value for DRIP suggests high volalility. |
| Average Directional Index/ADX (14) | 16.28 | NEGATIVE | The low ADX value for DRIP suggests a weak or negative trend. |
8.47
-0.19 (-2.19%)
DIREXION DAILY S&P OIL & GAS / DRIP FAQ
What is the technical rating for DRIP stock?
ChartMill assigns a technical rating of 0 / 10 to DRIP.
Can you provide the trend direction for DIREXION DAILY S&P OIL & GAS?
The current trend direction for DIREXION DAILY S&P OIL & GAS (DRIP) is Bearish.
What is the RSI signal for DIREXION DAILY S&P OIL & GAS (DRIP) stock?
DIREXION DAILY S&P OIL & GAS (DRIP) has an RSI value of 45.2504. This indicates that the stock is currently neutral.
Can you provide the short term momentum for DIREXION DAILY S&P OIL & GAS?
The short term momentum for DIREXION DAILY S&P OIL & GAS (DRIP) is negative.
Can you provide the support and resistance levels for DIREXION DAILY S&P OIL & GAS?
DIREXION DAILY S&P OIL & GAS (DRIP) has a support level at 8.03 and a resistance level at 8.52. Check the full technical report for our detailed analysis of DRIP support and resistance levels.