DIREXION DAILY REAL ESTATE B (DRN) Stock Technical Analysis
NYSEARCA:DRN - NYSE Arca - US25459W7552 - ETF - Currency: USD
We assign a technical rating of 3 out of 10 to DRN. In the past year, DRN was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
In the last month DRN has a been trading in the 8.75 - 10.04 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
When compared to the yearly performance of all other stocks, DRN outperforms 55% of them, which is more or less in line with the market.
DRN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DRN is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, DRN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 9.94. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.71, a Stop Loss order could be placed below this zone.
More info and screens
8.24
10.12
3 important support areas can be observed.
- A support zone ranging from 9.55 to 9.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.95 to 8.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.32 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.94 to 10.02. 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 DRN is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DRN is up. |
| ChartMill Relative Strength | 55.57 | NEUTRAL | DRN is not amongst the best or worst performers 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 | MIXED | The current price of DRN is above 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) | 54.69 | 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) | 74.81 | NEUTRAL | The Stochastics value for DRN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.09 | MEDIUM VOLATILITY | The ATR as a percentage value for DRN suggests some volalility. |
| Average Directional Index/ADX (14) | 9.67 | NEGATIVE | The low ADX value for DRN suggests a weak or negative 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)
9.75
+0.08 (+0.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.83%
1 Week0.72%
2 Weeks8.82%
1 Month1.99%
3 Month-9.47%
6 Month-19.75%
12 Month16.35%
2 Year2.31%
3 Year-32.48%
5 Year-3.08%
10 Year-36.75%
15 Year123.05%
Volatility
ATR(14)0.39
ATR(20)%4.09%
ATR Inc-27.68%
Range Today0.29
ADR(20)0.38
ADR(20)%3.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.57
Mansfield-1.29
10 Day High9.91
10 Day Low8.81
20 Day High10.04
20 Day Low8.75
52 Week High14.07
52 Week Low6.31
CS1 End9.71
CR1 Start9.94
Volume & EV
DER(3)1.07%
DER(5)2.13%
Volume267.20K
Volume Incr-20.19%
Vol(5)455.04K
Vol(50)847.91K