DIREXION DAILY REAL ESTATE B (DRV) Stock Technical Analysis
NYSEARCA:DRV - NYSE Arca - US25460G4192 - ETF - Currency: USD
Taking everything into account, DRV scores 0 out of 10 in our technical rating. DRV's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, DRV does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 26.35. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.43, a Stop Loss order could be placed below this zone.
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22.18
When analyzing the support we can see 3 important areas.
- A support zone ranging from 24.69 to 25.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.21 from a horizontal line in the daily time frame.
- 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 26.35 to 26.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @27.54 from a horizontal line in the daily time frame.
- Resistance @29.09 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 | DOWN | NEGATIVE | The short term trend for DRV is down. |
| ChartMill Relative Strength | 14.49 | NEGATIVE | DRV has a low relative strength, it was outperformed by 85.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DRV is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DRV is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DRV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.56 | NEUTRAL | The RSI value for DRV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests DRV has a positive trend. |
| Stochastics (14,3) | 54.36 | NEUTRAL | The Stochastics value for DRV is a neutral value. |
| Average True Range in percent/ATR (20) | 3.59 | MEDIUM VOLATILITY | The ATR as a percentage value for DRV suggests some volalility. |
| Average Directional Index/ADX (14) | 8.45 | NEGATIVE | The low ADX value for DRV suggests a weak or negative trend. |
25.55
+0.13 (+0.51%)