Stock Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
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.
MarketClub’s Trade Triangles for DRIP
The long-term trend has been DOWN since Dec 4th, 2020 at 27.60
The intermediate-term trend has been DOWN since Apr 29th, 2021 at 10.45
The short-term trend has been UP since May 11th, 2021 at 10.59
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).
|Year High||19.26||Year High Date||2018-02-09|
|Year Low||4.88||Year Low Date||2018-10-04|
|52wk High||95.5||52wk High Date||2020-05-14|
|52wk Low||9.0201||52wk Low Date||2021-05-10|
|Average Volume||3,239,199||Shares Outstanding||4,846|