ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

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DRIP
Very red day for Direxion Dly S&P Oil&Gs Ex&Prd Br 3X ETF price after -7.27% fall in Friday trading session
(Updated on Feb 11, 2022)
Sell candidate since 2022-01-24 Loss -21.19% PDF
The Direxion Dly S&P Oil&Gs Ex&Prd Br 3X ETF price fell by -7.27% on the last day (Friday, 11th Feb 2022) from $3.85 to $3.57. and has now fallen 4 days in a row. During the day the ETF fluctuated 8.17% from a day low at $3.55 to a day high of $3.84. The price has fallen in 7 of the last 10 days and is down by -15% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -1 million shares and in total, 18 million shares were bought and sold for approximately $65.24 million.

The ETF lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.39 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -24.56% during the next 3 months and, with a 90% probability hold a price between $2.56 and $3.85 at the end of this 3-month period.

Signals & Forecast
There are few to no technical positive signals at the moment. The Direxion Dly S&P Oil&Gs Ex&Prd Br 3X ETF holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell 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 $3.82 and $4.35. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, January 21, 2022, and so far it has fallen -24.52%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.

This ETF may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this ETF is considered to be "high risk". During the last day, the ETF moved $0.29 between high and low, or 8.17%. For the last week, the ETF has had a daily average volatility of 7.32%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Direxion Dly S&P Oil&Gs Ex&Prd Br 3X ETF ETF A Buy?
Direxion Dly S&P Oil&Gs Ex&Prd Br 3X 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 ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -6.347

Predicted Opening Price for Direxion Dly S&P Oil&Gs Ex&Prd Br 3X ETF of Monday, February 14, 2022
The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price February 14, 2022 Current price
$3.65 $3.57 (Undervalued)
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Volatility
7.32 %
Daily Average Volatility
Overall Risk
Very High
High
Medium
Low
Very Low

Support & Resistance
Resistance: $3.82
Price: $3.57
No Support Found

Today DRIP ranks #18578 as sell CANDIDATE
Trading levels for DRIP

Fibonacci Support & Resistance Levels
Level Price Change
Resistance 3.94 10.46 %
3.83 7.35 %
3.76 5.44 %
Current price: 3.57
Support 3.54 -0.77 %
3.47 -2.69 %
3.36 -5.79 %
Accumulated Volume Support & Resistance Levels
Level Price Chg %
Resistance 4.04 13.17 %
3.85 7.84 %
3.82 7.00 %
Current price 3.57
Support 0 .
0 .
0 .