DRV Direxion Daily Real Estate Bear 3X ETF Forecast, Technical & Fundamental Analysis

Momentum Indicator for DRV turns negative, indicating new downward trend

DRV saw its Momentum Indicator move below the 0 level on July 19, 2022. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 99 similar instances where the indicator turned negative. In 95 of the 99 cases, the stock moved further down in the following days. The odds of a decline are at 90%.

Technical Analysis (Indicators)

Bearish Trend Analysis

DRV moved below its 50-day moving average on July 19, 2022 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for DRV crossed bearishly below the 50-day moving average on July 22, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In of 11 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over 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 DRV 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 DRV entered a downward trend on July 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.

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where DRV's RSI Oscillator exited the oversold zone, of 40 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 11 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DRV advanced for three days, in of 251 cases, the price rose further within the following month. The odds of a continued upward trend are .

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

Fundamental Analysis (Ratings)