We assign a technical rating of 1 out of 10 to DRN. DRN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
DRN 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 8.69. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.59, a Stop Loss order could be placed below this zone.
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7.98
2 important support areas can be observed.
- A support zone ranging from 8.29 to 8.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.06 to 8.07. This zone is formed by a combination of multiple trend lines in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 8.69 to 8.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.21 to 9.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.63 from a trend line in the weekly time frame.
- A resistance zone ranging from 9.84 to 9.94. 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 DRN is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DRN is neutral. |
| ChartMill Relative Strength | 28.85 | NEGATIVE | DRN has a low relative strength, it was outperformed by 71.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DRN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DRN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DRN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.99 | NEUTRAL | The RSI value for DRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests DRN has a positive trend. |
| Stochastics (14,3) | 43.33 | NEUTRAL | The Stochastics value for DRN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.1 | MEDIUM VOLATILITY | The ATR as a percentage value for DRN suggests some volalility. |
| Average Directional Index/ADX (14) | 12.98 | NEGATIVE | The low ADX value for DRN suggests a weak or negative trend. |
8.59
+0.03 (+0.35%)
DIREXION DAILY REAL ESTATE B / DRN FAQ
Can you provide the ChartMill technical rating for DIREXION DAILY REAL ESTATE B?
ChartMill assigns a technical rating of 1 / 10 to DRN.
What is the current trend direction of DIREXION DAILY REAL ESTATE B (DRN) stock?
The current trend direction for DIREXION DAILY REAL ESTATE B (DRN) is Bearish.
What is the RSI signal for DIREXION DAILY REAL ESTATE B (DRN) stock?
DIREXION DAILY REAL ESTATE B (DRN) has an RSI value of 48.9936. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for DIREXION DAILY REAL ESTATE B?
DIREXION DAILY REAL ESTATE B (DRN) has a support level at 8.59 and a resistance level at 8.69. Check the full technical report for our detailed analysis of DRN support and resistance levels.