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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 90% of all other stocks performed better in the past year than DRIP.
- DRIP is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month DRIP has a been trading in the 6.58 - 8.96 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- DRIP has an average volume of 5873660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of DRIP is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
6.55
4 important resistance areas can be observed.
- A resistance zone ranging from 8.17 to 8.18. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A resistance zone ranging from 8.92 to 8.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.48 from a horizontal line in the daily time frame.
- Resistance @9.78 from a horizontal 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 | 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 | 10.8 | NEGATIVE | DRIP has a low relative strength, it was outperformed by 89.2% off all stocks 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) | 30.8 | NEUTRAL | The RSI value for DRIP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests DRIP has a negative trend. |
| Stochastics (14,3) | 6.09 | OVERSOLD | The low Stochastics value suggests DRIP may be oversold. |
| Average True Range in percent/ATR (20) | 6.31 | HIGH VOLATILITY | The high ATR as a percentage value for DRIP suggests high volalility. |
| Average Directional Index/ADX (14) | 37.07 | POSITIVE | The high ADX value value for DRIP suggests a strong trend. |
6.62
-0.47 (-6.63%)
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.
What is the current trend direction of DIREXION DAILY S&P OIL & GAS (DRIP) stock?
The current trend direction for DIREXION DAILY S&P OIL & GAS (DRIP) is Bearish.
What is the RSI signal for DRIP stock?
DIREXION DAILY S&P OIL & GAS (DRIP) has an RSI value of 30.8035. This indicates that the stock is currently neutral.
What is the MACD signal for DRIP stock?
The MACD indicator for DIREXION DAILY S&P OIL & GAS (DRIP) has a value of -0.112269, indicating a bearish trend.
Can you provide the support and resistance levels for DIREXION DAILY S&P OIL & GAS?
DIREXION DAILY S&P OIL & GAS (DRIP) has a resistance level at 8.17. Check the full technical report for our detailed analysis of DRIP support and resistance levels.