DIREXION DAILY REAL ESTATE B (DRN) Stock Technical Analysis
NYSEARCA:DRN • US25459W7552
Taking everything into account, DRN scores 7 out of 10 in our technical rating. In the last year, DRN was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- DRN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DRN is lagging the market slightly.
- In the last month DRN has a been trading in the 8.51 - 10.61 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- When comparing the performance of all stocks over the past year, DRN turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although DRN has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
7.99
When analyzing the support we can see 5 important areas.
- A support zone ranging from 9.98 to 10.01. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 9.24 to 9.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.84 to 9.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.40 to 8.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.07 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for DRN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DRN is up. |
| ChartMill Relative Strength | 63.28 | 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) | UP | POSITIVE | The current price of DRN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DRN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.83 | OVERBOUGHT | The high RSI value suggests DRN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests DRN has a positive trend. |
| Stochastics (14,3) | 84.72 | OVERBOUGHT | The high Stochastics value suggests DRN may be overbought. |
| Average True Range in percent/ATR (20) | 3.82 | MEDIUM VOLATILITY | The ATR as a percentage value for DRN suggests some volalility. |
| Average Directional Index/ADX (14) | 23.26 | NEUTRAL | The ADX value for DRN suggests a possible start of a new trend. |
10.44
+0.42 (+4.19%)
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 7 / 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 71.8315. This indicates that the stock is currently overbought.
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 10.01. Check the full technical report for our detailed analysis of DRN support and resistance levels.