DIREXION DAILY S&P OIL & GAS (DRIP) Stock Technical Analysis
NYSEARCA:DRIP - NYSE Arca - US25460G3285 - ETF - Currency: USD
We assign a technical rating of 9 out of 10 to DRIP. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DRIP is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
DRIP is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so DRIP slightly outperforms the market at the moment.
In the last month DRIP has a been trading in the 9.47 - 13.38 range, which is quite wide. It is currently trading near the high of this range.
DRIP has an average volume of 4229250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that DRIP is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although DRIP has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
8.72
12.66
We found 4 important support areas.
- Support @10.12 from a trend line in the daily time frame.
- Support @9.16 from a trend line in the weekly time frame.
- Support @8.99 from a horizontal line in the daily time frame.
- Support @8.81 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @12.53 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.23
Mansfield2.07
10 Day High13.38
10 Day Low10.27
20 Day High13.38
20 Day Low9.47
52 Week High13.38
52 Week Low7.87
Performance
1 Week13.41%
2 Weeks20.97%
1 Month17.78%
3 Month18.79%
6 Month3.3%
12 Month20.62%
2 Year-14.25%
3 Year-48.01%
5 Year-99.46%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.25
RSI(14)67.66
LBB9.05
UBB13.39
12.52
-0.45 (-3.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.47%
1 Week13.41%
2 Weeks20.97%
1 Month17.78%
3 Month18.79%
6 Month3.3%
12 Month20.62%
2 Year-14.25%
3 Year-48.01%
5 Year-99.46%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.66
ATR(20)%4.91%
ATR Inc-2.54%
Range Today0.6
ADR(20)0.57
ADR(20)%4.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.23
Mansfield2.07
10 Day High13.38
10 Day Low10.27
20 Day High13.38
20 Day Low9.47
52 Week High13.38
52 Week Low7.87
CS1 End10.12
CR1 Start12.53
Volume & EV
DER(3)2.35%
DER(5)3.02%
Volume2.99M
Volume Incr-23.28%
Vol(5)3.29M
Vol(50)4.23M