DIREXION DAILY REAL ESTATE B (DRV) Stock Technical Analysis
NYSEARCA:DRV - NYSE Arca - US25460G4192 - ETF - Currency: USD
Taking everything into account, DRV scores 2 out of 10 in our technical rating. In the past year, DRV was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
74% of all other stocks performed better in the past year than DRV.
DRV is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DRV is lagging the market.
In the last month DRV has a been trading in the 22.83 - 26.05 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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of DRV is bad and it also does not present a quality setup 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
22.18
31.34
We found 1 important support area.
- A support zone ranging from 22.40 to 22.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 25.63 to 25.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @27.38 from a trend line in the weekly time frame.
- Resistance @31.03 from a trend 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 | DOWN | NEGATIVE | The long term trend for DRV is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DRV is neutral. |
| ChartMill Relative Strength | 26.97 | NEGATIVE | DRV has a low relative strength, it was outperformed by 73.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DRV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DRV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of DRV is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.86 | NEUTRAL | The RSI value for DRV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests DRV has a positive trend. |
| Stochastics (14,3) | 70.71 | NEUTRAL | The Stochastics value for DRV is a neutral value. |
| Average True Range in percent/ATR (20) | 3.78 | MEDIUM VOLATILITY | The ATR as a percentage value for DRV suggests some volalility. |
| Average Directional Index/ADX (14) | 10.27 | NEGATIVE | The low ADX value for DRV 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)
25.62
+0.25 (+0.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.99%
1 Week10.96%
2 Weeks3.98%
1 Month3.77%
3 Month2.36%
6 Month-7.81%
12 Month-10.67%
2 Year-47.34%
3 Year-43.75%
5 Year-81.19%
10 Year-98.18%
15 Year-99.54%
Volatility
ATR(14)1
ATR(20)%3.78%
ATR Inc62.53%
Range Today1.5
ADR(20)0.92
ADR(20)%3.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.97
Mansfield-0.92
10 Day High26.05
10 Day Low22.83
20 Day High26.05
20 Day Low22.83
52 Week High41
52 Week Low22.02
CS1 End22.72
CR1 Start25.63
Volume & EV
DER(3)3.97%
DER(5)4%
Volume187.70K
Volume Incr67.77%
Vol(5)183.02K
Vol(50)128.43K