Fri 03'rd Aug 2018
Direxion Daily Real Estate Bear 3X ETF Stock Analysis
Technical stock analysis for Fri 03'rd Aug 2018
|Shorts||7.60% ( 2013-01-15 )|
Direxion Daily Real Estate Bear 3X ETF fell by -3.19% in the last day from $9.40 to $9.10 The price has fallen in 6 of the last 10 days and is down by -6.67% for this period. Volume has increased in the last day by 55 076 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 126 329 shares bought and sold for approximately $1.15 million.
Direxion Daily Real Estate Bear 3X ETF lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -22.58% during the next 3 months and, with 90% probability hold a price between $6.33 and $7.82 at the end of this period.
There are few to none technical positive signals at the moment. Direxion Daily Real Estate Bear 3X ETF holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $9.56 and $9.74. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday July 27, 2018, which indicates further falls until a new bottom pivot has been found. Direxion Daily Real Estate Bear 3X ETF gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's".
Relative Strength Index (RSI)
RSI14 is 43 and the stock is currently not being overbought or oversold
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.33 (3.63%) between high and low. For the last week, the stock has had a daily average volatility of 3.60%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Direxion Daily Real Estate Bear 3X ETF holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.Click for Top 5 Sell Candidates