


Technical Sentiment Analysis for Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP). As of 2026-03-09, Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 13 technical signals, shows that 4 indicators are flashing buy, while 9 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DRIP stands at 29.8, which suggests a Buy condition. Meanwhile, the MACD (12, 26) indicator is at -0.57, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 13.02 and the Commodity Channel Index (CCI) at -126.8 further confirm a -0.97 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, DRIP is trading below its 60-day moving average of $7.62 and below its 200-day long-term moving average of $8.73. Key price levels to watch include the immediate resistance at $6.56 and strong support at $4.93. A break above $6.56 could signal a bull continuation, while falling below $4.93 may test the next Fibonacci floor at $4.14.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 3.29 | 4.14 | 4.93 | 5.78 | 6.56 | 7.42 | 8.2 |
| Fibonacci | 4.14 | 4.76 | 5.15 | 5.78 | 6.4 | 6.79 | 7.42 |
2026-03-09
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 29.8 |
| Stochastic Oscillator | 13.02 |
| Stochastic RSI | 10.52 |
| Commodity Channel Index (CCI) | -126.8 |
| Awesome Oscillator | -1.39 |
| Momentum | -0.97 |
| MACD | -0.57 |
2026-03-09
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 5.34 | Sell |
| 10-Day | 5.71 | Sell |
| 20-Day | 6.08 | Sell |
| 60-Day | 7.62 | Sell |
| 200-Day | 8.73 | Sell |
| 250-Day | 9.39 | Sell |