Stronger Sell Today GUSH ranks #4537 as SELL CANDIDATE #4537 Weaker Sell

GUSH stock forecast Direxion Dly S&P Oil&Gs Ex&Prd Bl 3X ETF

GUSH stock forecast

VOLUME
Sell
TREND
Sell
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

GUSH Forecast and Technical Stock Analysis

Sell candidate since 2019-07-15 Loss -15.77%

Direxion Dly S&P Oil&Gs Ex&Prd Bl 3X ETF fell by -1.95% in the last day ( Thursday, 18th Jul 2019 ) from $5.12 to $5.02 and has now fallen 5 days in a row. During day the stock fluctuated 5.53% from a day low at $4.88 to a day high of $5.15. The price has fallen in 6 of the last 10 days and is down by -18.9% 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 -7.09 million shares and in total 9.85 million shares bought and sold for approximately $49.42 million.

Quick summary:

  • 30 day high of the GUSH stock price was $7.60 and low was $4.88.
  • 90 day high was $13.82 and low was $4.88.
  • 52 week high for the Direxion Dly S&P Oil&Gs Ex&Prd Bl 3X ETF - $43.77 and low - $4.88.
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Trend

Direxion Dly S&P Oil&Gs Ex&Prd Bl 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 -51.19% during the next 3 months and, with 90% probability hold a price between $1.25 and $2.95 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. Direxion Dly S&P Oil&Gs Ex&Prd Bl 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 $5.91 and $6.17. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday July 10, 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.

A buy signal from a double bottom formation was found on Monday July 08, 2019 and based on theory for this formation the price should go up by 0.22% to $6.41 within 2 trading days since signal was issued (Wednesday July 10, 2019).

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 30 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

Price: $5.02 Resistance: $5.12

Risk

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 $0.27 between high and low, or 5.53%. For the last week, the stock has had a daily average volatility of 8.71%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

8.71 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Upgraded

Evaluation

Direxion Dly S&P Oil&Gs Ex&Prd Bl 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. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.

Stronger Sell Today GUSH ranks #4537 as SELL CANDIDATE #4537 Weaker Sell

Will GUSH stock price go up or down on Mon, 22 Jul 2019?

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