Index Trend Analysis Report
Prepared for you on Wednesday, April 14, 2021.
Direxion Daily Real Estate Bull 3X Shares (GIF:DRN)
Long-Term Uptrend (+90) - DRN is in a strong uptrend that is likely to continue. While DRN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid DRN?
MarketClub looks at technical strength and momentum to determine if the timing is right for DRN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DRN
The long-term trend has been UP since Jan 25th, 2021 at 13.1736
The intermediate-term trend has been UP since Mar 12th, 2021 at 15.4953
The short-term trend has been UP since Apr 13th, 2021 at 17.1656
Smart Scan Analysis for DRN
Based on our trend formula, DRN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).