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.
MarketClub’s Trade Triangles for DRIP
The long-term trend has been DOWN since Mar 16th, 2020 at 50.5890
The intermediate-term trend has been DOWN since Jul 21st, 2020 at 5.1080
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).