Free Daily Analysis

Stock Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (PACF:DRIP)

Bear Market Rally (-75) - DRIP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on DRIP as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid DRIP?

MarketClub looks at technical strength and momentum to determine if the timing is right for DRIP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

PACF_DRIP
Open High Low DRIP Price Change
8.2700 8.6300 8.2013 8.5900 +0.2800
Entry Signal

MarketClub’s Trade Triangles for DRIP

long term down The long-term trend has been DOWN since Mar 1st, 2024 at 10.505

intermediate term down The intermediate-term trend has been DOWN since Jan 30th, 2024 at 11.440

short term up The short-term trend has been UP since Apr 15th, 2024 at 8.410

Smart Scan Analysis for DRIP

Based on our trend formula, DRIP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for DRIP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.2700 8.6300 8.2013 8.5900 +0.2800
Prev. Close Volume Bid Ask Time
8.5900 1408311 2024-04-15 15:59:52
Year High19.26Year High Date2018-02-09
Year Low4.88Year Low Date2018-10-04
52wk High17.3652wk High Date2023-05-04
52wk Low7.86552wk Low Date2024-04-12
Average Volume1,355,463Shares Outstanding1,447
Volatility116.61
Get a free daily analysis and signals for Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP) - Request Your Free Report.