


Technical Sentiment Analysis for Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF (DRIP). As of 2026-05-05, Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF (DRIP) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 14 technical signals, shows that 8 indicators are flashing buy, while 6 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DRIP stands at 36.19, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -0.19, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 3.31 and the Commodity Channel Index (CCI) at -155.18 further confirm a -0.84 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, DRIP is trading below its 60-day moving average of $5.08 and below its 200-day long-term moving average of $7.7. Key price levels to watch include the immediate resistance at $4.83 and strong support at $4.01. A break above $4.83 could signal a bull continuation, while falling below $4.01 may test the next Fibonacci floor at $3.61.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 3.2 | 3.61 | 4.01 | 4.43 | 4.83 | 5.24 | 5.64 |
| Fibonacci | 3.61 | 3.93 | 4.12 | 4.43 | 4.74 | 4.93 | 5.24 |
2026-05-05
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 36.19 |
| Stochastic Oscillator | 3.31 |
| Stochastic RSI | 2.9 |
| Commodity Channel Index (CCI) | -155.18 |
| Awesome Oscillator | -0.27 |
| Momentum | -0.84 |
| MACD | -0.19 |
2026-05-05
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 4.17 | Buy |
| 10-Day | 4.41 | Buy |
| 20-Day | 4.66 | Buy |
| 60-Day | 5.08 | Sell |
| 200-Day | 7.7 | Sell |
| 250-Day | 8.14 | Sell |