DIREXION DAILY REAL ESTATE B (DRN) Stock Technical Analysis
USA - NYSEARCA:DRN - US25459W7552 - ETF
8.78 USD
-0.31 (-3.41%)
8.75 USD
-0.03 (-0.34%)
Taking everything into account, DRN scores 0 out of 10 in our technical rating. 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.
86% of all other stocks performed better in the past year than DRN.
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 lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
DRN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DRN is lagging the market.
The technical rating of DRN 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
7.98
10.27
We found 2 important support areas.
- Support @8.48 from a trend line in the weekly time frame.
- Support @8.06 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 9.46 to 9.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.79 to 9.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.17 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 | NEUTRAL | NEUTRAL | The long term trend for DRN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DRN is down. |
| ChartMill Relative Strength | 14 | NEGATIVE | DRN has a low relative strength, it was outperformed by 86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DRN is below a declining 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) | 33.33 | NEUTRAL | The RSI value for DRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests DRN has a negative trend. |
| Stochastics (14,3) | 6.4 | OVERSOLD | The low Stochastics value suggests DRN may be oversold. |
| Average True Range in percent/ATR (20) | 3.22 | MEDIUM VOLATILITY | The ATR as a percentage value for DRN suggests some volalility. |
| Average Directional Index/ADX (14) | 10.71 | 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)
8.78
-0.31 (-3.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.41%
1 Week-10.04%
2 Weeks-8.92%
1 Month-10.68%
3 Month-8.64%
6 Month8.8%
12 Month-28.27%
2 Year43.7%
3 Year-10.95%
5 Year-2.88%
10 Year-52.8%
15 Year30.24%
Volatility
ATR(14)0.28
ATR(20)%3.22%
ATR Inc36.73%
Range Today0.45
ADR(20)0.27
ADR(20)%3.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14
Mansfield-2.09
10 Day High9.97
10 Day Low8.75
20 Day High10.04
20 Day Low8.75
52 Week High13.69
52 Week Low6.31
CS1 End8.48
CR1 Start9.46
Volume & EV
DER(3)-6%
DER(5)-7.16%
Volume1.14M
Volume Incr37.19%
Vol(5)906.70K
Vol(50)683.85K