Bullish vs. Bearish (426 opinions)
Social Sentiment 0.09
GUSH Stock Forecast and Technical Analysis
Buy or Hold candidate since 2020-04-03 Gain 39.09% PDF
Direxion Dly S&P Oil&Gs Ex&Prd Bl 3X ETF gained 18.73% in the last trading day ( Wednesday, 8th Apr 2020 ), rising from $20.50 to $24.34 , and has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the day the stock fluctuated 15.90% from a day low at $21.01 to a day high of $24.35. The price has risen in 7 of the last 10 days and is up by 31.14% over the past 2 weeks. Volume fell in the last day by -0.50 million shares and in total, 3.35 million shares bought and sold for approximately $81.44 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
GUSH Stock Price Summary
- 30 day high of the GUSH stock price was $24.35 and low was $0.32.
- 90 day high was $35.28 and low was $0.32.
- 52 week high for Direxion Dly S&P Oil&Gs Ex&Prd Bl 3X ETF - $40.05 and low - $0.32.
Direxion Dly S&P Oil&Gs Ex&Prd Bl 3X ETF has broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $16.26, a level that may pose a second chance to hit a runner. According to fan-theory $38.23 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.
Direxion Dly S&P Oil&Gs Ex&Prd Bl 3X ETF holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $18.23 and $9.87. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday March 23, 2020, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
GUSH Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
The stock holds a RSI14 at 83 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
GUSH Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $20.89 and $18.68.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Direxion Dly S&P Oil&Gs Ex&Prd Bl 3X ETF finds support just below today's level at $20.89. If this is broken, then the next support from accumulated volume will be at $18.68 and $18.26.
GUSH Stock 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 $3.34 between high and low, or 15.90%. For the last week, the stock has had a daily average volatility of 17.67%.
The stock is extremely overbought on RSI14 (83). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken. Since the Direxion Dly S&P Oil&Gs Ex&Prd Bl 3X ETF has been rising for 6 days in a row, the risk for the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: $23.65 (-2.84%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 83 and this increases the risk substantially. There is a buy signal from pivot bottom found 12 days ago.)
17.67 %Average volatility
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GUSH Stock Evaluation
Direxion Dly S&P Oil&Gs Ex&Prd Bl 3X ETF holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as hold candidate (hold or accumulate) in this position whilst awaiting further development.
The general sentiment holds a neutral evaluation of the stock right now. The sentiment is based upon 426 votes on StockTwits.
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