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DRIP
ETF ticker: NYSE ARCA
AS OF
Apr 24, 04:59 PM (EDT)
Price
$12.57
Change
-$0.33 (-2.56%)
Net Assets
40.8M

DRIP Direxion Dly S&P Oil&Gs Ex&Prd Br 2X ETF Forecast, Technical & Fundamental Analysis

The investment seeks daily investment results of 200% of the inverse (or opposite) of the daily performance of the S&P Oil & Gas Exploration & Production Select Industry Index... Show more

Category: #Trading
DRIP
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for DRIP with price predictions
Apr 23, 2025

DRIP's RSI Indicator peaks and leaves overbought zone

The 10-day RSI Indicator for DRIP moved out of overbought territory on April 09, 2025. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 25 instances where the indicator moved out of the overbought zone. In of the 25 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on April 21, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on DRIP as a result. In of 84 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for DRIP turned negative on April 17, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 42 similar instances when the indicator turned negative. In of the 42 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where DRIP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

DRIP broke above its upper Bollinger Band on April 03, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for DRIP entered a downward trend on April 03, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

DRIP moved above its 50-day moving average on April 03, 2025 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for DRIP crossed bullishly above the 50-day moving average on April 04, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 19 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DRIP advanced for three days, in of 279 cases, the price rose further within the following month. The odds of a continued upward trend are .

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DRIP
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Trading--Inverse Equity
Address
Direxion Shares ETF Trust33 Whitehall Street,10th FloorNew York
Phone
866-476-7523
Web
http://www.direxioninvestments.com/
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DRIP and ETFs

Correlation & Price change

A.I.dvisor indicates that over the last year, DRIP has been closely correlated with WTID. These tickers have moved in lockstep 90% of the time. This A.I.-generated data suggests there is a high statistical probability that if DRIP jumps, then WTID could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To DRIP
1D Price
Change %
DRIP100%
-0.31%
WTID - DRIP
90%
Closely correlated
-1.34%
TZA - DRIP
53%
Loosely correlated
-4.16%
CARD - DRIP
44%
Loosely correlated
-6.20%
JETD - DRIP
36%
Loosely correlated
-7.28%
SPXS - DRIP
35%
Loosely correlated
-4.84%
More