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
Expense ratio
1.01%
Home page
Inception date
Jul 16, 2009
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
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
Displays a symbol's price movements over previous years to identify recurring trends.