Direxion Daily Gold Miners Bear 3X ETF Forecast and Stock Analysis
Technical DUST stock analysis for March 22, 2019.
|Shorts||0.63% ( 2013-01-15 )|
Direxion Daily Gold Miners Bear 3X ETF fell by -0.63% in the last day from $17.44 to $17.33 and has now fallen 5 days in a row. The price has fallen in 7 of the last 10 days and is down by -6.53% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -0.78 million shares and in total 6.19 million shares bought and sold for approximately $107.30 million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the DUST stock was $17.33. This is 0.63% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 4.37% from a day low at $17.15 to a day high of $17.90.
30 day high of the DUST stock price was $21.22 and low was $15.75.
90 day high was $25.87 and low was $15.75.
52 week high for the Direxion Daily Gold Miners Bear 3X ETF - $48.79 and low - $15.75.
Direxion Daily Gold Miners Bear 3X ETF lies in the middle of a very 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 -24.81% during the next 3 months and, with 90% probability hold a price between $10.46 and $15.55 at the end of this period.
There are few to none technical positive signals at the moment. Direxion Daily Gold Miners 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 $18.27 and $18.64. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday March 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSI14 is 35 and the stock is currently not being overbought or oversold
Support & Resistance
Direxion Daily Gold Miners Bear 3X ETF finds support from accumulated volume at $17.19.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.75 between high and low, or 4.37%. For the last week, the stock has had a daily average volatility of 6.42%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Direxion Daily Gold Miners Bear 3X ETF holds several negative signals and is within a very 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.