DIREXION DAILY REAL ESTATE B (DRV) Stock Technical Analysis
USA - NYSEARCA:DRV - US25460G4192 - ETF
25.58 USD
+0.4 (+1.59%)
25.6 USD
+0.02 (+0.08%)
Overall DRV gets a technical rating of 6 out of 10. DRV has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
DRV is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month DRV has a been trading in the 23.30 - 25.73 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, DRV turns out to be only a medium performer in the overall market: it outperformed 47% 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.
DRV has an average technical rating and also the quality of the setup is only medium 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
26.64
We found 3 important support areas.
- A support zone ranging from 24.36 to 24.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.79 to 23.81. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 22.40 to 22.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 25.59 to 25.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @26.38 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 DRV is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DRV is up. |
| ChartMill Relative Strength | 47.07 | NEUTRAL | DRV is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of DRV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.11 | NEUTRAL | The RSI value for DRV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests DRV has a positive trend. |
| Stochastics (14,3) | 87.79 | OVERBOUGHT | The high Stochastics value suggests DRV may be overbought. |
| Average True Range in percent/ATR (20) | 2.71 | MEDIUM VOLATILITY | The ATR as a percentage value for DRV suggests some volalility. |
| Average Directional Index/ADX (14) | 10.87 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 25.66 | 24.35 | 1.31 (5.11%) | 19.59% |
| An entry @25.66. This is a Buy Stop order right above the resistance zone. | An exit @24.35. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.31 points, which is 5.11%. | For a 1.00% total portfolio risk, you can invest 19.59% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
25.58
+0.4 (+1.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.59%
1 Week6.05%
2 Weeks3.1%
1 Month8.53%
3 Month1.91%
6 Month-18.53%
12 Month1.27%
2 Year-60.74%
3 Year-57.92%
5 Year-83.27%
10 Year-97.57%
15 Year-99.37%
Volatility
ATR(14)0.7
ATR(20)%2.71%
ATR Inc-13.56%
Range Today0.67
ADR(20)0.67
ADR(20)%2.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.07
Mansfield-1.31
10 Day High25.73
10 Day Low23.3
20 Day High25.73
20 Day Low23.3
52 Week High41
52 Week Low22.02
CS1 End24.78
CR1 Start25.59
Volume & EV
DER(3)2.51%
DER(5)1.55%
Volume79.00K
Volume Incr42.79%
Vol(5)118.99K
Vol(50)97.23K