Direxion Daily Gold Miners Bear 3X ETF Stock Analysis
Technical stock analysis for 22 January 2019
|Shorts||0.63% ( 2013-01-15 )|
Direxion Daily Gold Miners Bear 3X ETF fell by -2.11% in the last day from $25.58 to $25.04 The price has been going up and down for this period, and there has been a 8.92% gain for the last 2 weeks. 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 -1.33 million shares and in total 2.69 million shares bought and sold for approximately $67.25 million.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the DUST stock was $25.04. This is 2.11% less than the trading day before Friday, 18th Jan 2019.
During day the stock fluctuated 4.21% from a day low at $24.82 to a day high of $25.87.
30 day high of the DUST stock price was $25.87 and low was $21.51.
90 day high was $38.50 and low was $21.51.
52 week high for the Direxion Daily Gold Miners Bear 3X ETF - $48.79 and low - $19.04.
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 -32.60% during the next 3 months and, with 90% probability hold a price between $12.77 and $18.59 at the end of this period.
Some negative signals were issued as well, and these may have some influence on the near short-term development. Direxion Daily Gold Miners Bear 3X ETF holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $25.71. On a fall, the stock will find some support from the short-term average at $24.27. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Friday January 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 62 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 $24.41.
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 $1.05 between high and low, or 4.21%. For the last week, the stock has had a daily average volatility of 5.40%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Direxion Daily Gold Miners Bear 3X ETF holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.