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Index Trend Analysis Report

Prepared for you on Thursday, August 13, 2020.

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.

GIF_DRIP
Open High Low DRIP Price Change
4.3489 4.4465 4.3489 4.4037 +0.0548
Entry Signal

MarketClub’s Trade Triangles for DRIP

long term down The long-term trend has been DOWN since Mar 16th, 2020 at 50.5890

intermediate term down The intermediate-term trend has been DOWN since Jul 21st, 2020 at 5.1080

short term down The short-term trend has been DOWN since Aug 4th, 2020 at 4.9929

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).

-90
Smart Scan Analysis for DRIP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.3489 4.4465 4.3489 4.4037 +0.0548
Prev. Close Volume Bid Ask Time
5.0118 0 2020-08-13 09:51:25
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