Real estate market bouncing backMy prediction on DRN is that it’s going to break out to 78 range and go on the upside to fill that imbalance.
Key stats
About Direxion Daily Real Estate Bull 3X Shares
Home page
Inception date
Jul 16, 2009
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
DRN provides 3x leveraged exposure to the Real Estate Select Sector Index. DRN has exposure to the large-cap segment of the US Real Estate Sector as defined by GICS. The Index applies certain caps to aid diversification rules imposed on RICs. The 25/50 constraint targets of the Index are: no group entity exceeds 25% of index weight, and all group entities with weight above 5% cannot exceed 50% of the index weight. DRN is designed to be a trading vehicle not a long-term investment product. The fund rebalances daily. As a result, compounding and path dependency make its long-term returns difficult to predict when compared with its underlying index. Prior to February 28, 2022, the fund was named Direxion Daily MSCI Real Estate Bull 3X Shares, and tracked the MSCI US IMI Real Estate 25/50 Index.
Classification
What's in the fund
Exposure type
Finance
Cash
Stock breakdown by region
Top 10 holdings
DRN possible longDouble bottom
increasing Vol
Possible T/L break
Stop out under 8.75$
first P/T 12.50$
2nd P/T 14.50$
keep an eye on real estate news see if we get any relief in the market
Ichimoku - Possible long signal for DRNNothing to get too excited about. Seems to be in a channel right now, but a crossover may be forming...however lagging span is still in the cloud
DRN Nice bullish patternexpecting a nice pull back caused by leg day, then it should rebound nicely and gains will occur!
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.