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DRN
ETF ticker:
NYSE ARCA
AS OF
Jul 1 closing price
Price
$15.28
Change
+$0.82 (+5.67%)
Net Assets
60.68M

DRN Price Prediction, Direxion Daily Real Estate Bull 3X ETF AI Recommendations

ETF market charts, price targets, analyst ratings and a financial calendar
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A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Jul 01, 2022

DRN's RSI Oscillator ascends from oversold territory

The RSI Indicator for DRN moved out of oversold territory on June 21, 2022. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 25 similar instances when the indicator left oversold territory. In 23 of the 25 cases the stock moved higher. This puts the odds of a move higher at 90%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on June 27, 2022. You may want to consider a long position or call options on DRN as a result. In of 98 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for DRN just turned positive on June 23, 2022. Looking at past instances where DRN's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where DRN advanced for three days, in of 348 cases, the price rose further within the following month. The odds of a continued upward trend are .

DRN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 64 cases where DRN's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

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

The Aroon Indicator for DRN entered a downward trend on June 28, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed
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A.I.Advisor
published price charts
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A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are American Tower Corp (NYSE:AMT), PROLOGIS (NYSE:PLD), Simon Property Group (NYSE:SPG).

Industry description

The investment seeks daily investment results of 300% of the daily performance of the Real Estate Select Sector Index. The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index is provided by S&P Dow Jones Indices (the “index provider”) and includes securities of companies from the following industries: real estate management and development and REITs, excluding mortgage REITs. It is non-diversified.

Market Cap

The average market capitalization across the Direxion Daily Real Estate Bull 3X ETF ETF is 9.58B. The market cap for tickers in the group ranges from 5.48B to 118.77B. AMT holds the highest valuation in this group at 118.77B. The lowest valued company is VNO at 5.48B.

High and low price notable news

The average weekly price growth across all stocks in the Direxion Daily Real Estate Bull 3X ETF ETF was -2%. For the same ETF, the average monthly price growth was -14%, and the average quarterly price growth was -49%. ARE experienced the highest price growth at 4%, while DLR experienced the biggest fall at -5%.

Volume

The average weekly volume growth across all stocks in the Direxion Daily Real Estate Bull 3X ETF ETF was -48%. For the same stocks of the ETF, the average monthly volume growth was -5% and the average quarterly volume growth was 57%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 60
P/E Growth Rating: 57
Price Growth Rating: 66
SMR Rating: 76
Profit Risk Rating: 65
Seasonality Score: 14 (-100 ... +100)
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published General Information

General Information

Category Trading

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

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DRN and ETFs

Correlation & Price change

A.I.dvisor indicates that over the last year, DRN has been closely correlated with SPXL. These tickers have moved in lockstep 76% of the time. This A.I.-generated data suggests there is a high statistical probability that if DRN jumps, then SPXL could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To DRN
1D Price
Change %
DRN100%
+5.75%
SPXL - DRN
76%
Closely correlated
+3.17%
SSO - DRN
76%
Closely correlated
+2.09%
TQQQ - DRN
66%
Loosely correlated
+1.62%
QLD - DRN
66%
Loosely correlated
+1.30%
SOXL - DRN
56%
Loosely correlated
-11.45%