Index Trend Analysis Report
Prepared for you on Saturday, February 27, 2021.
Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shar (GIF:DRIP)
Long-Term Downtrend (-90) - DRIP is in a strong downtrend that is likely to continue. While DRIP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for DRIP
The long-term trend has been DOWN since Dec 4th, 2020 at 27.5982
The intermediate-term trend has been DOWN since Nov 9th, 2020 at 58.0027
The short-term trend has been DOWN since Feb 3rd, 2021 at 18.5631
Smart Scan Analysis for DRIP
Based on our trend formula, DRIP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).