Trend Tracker for (DRN)

Longer Term Trading Plans for DRN

• Buy DRN near 7.97 target 10.05 stop loss @ 7.95 Details

The technical summary data tells us to buy DRN near 7.97 with an upside target of 10.05. This data also tells us to set a stop loss @ 7.95 to protect against excessive loss in case the stock begins to move against the trade. 7.97 is the first level of support below 9.68 , and by rule, any test of support is a buy signal. In this case, support 7.97 would be being tested, so a buy signal would exist.

• Short DRN slightly under 10.05, target 7.97, stop loss @ 10.08 Details

The technical summary data is suggesting a short of DRN as it gets near 10.05 with a downside target of 7.97. We should have a stop loss in place at 10.08though. 10.05 is the first level of resistance above 9.68, and by rule, any test of resistance is a short signal. In this case, if resistance 10.05 is being tested, so a short signal would exist.

Swing Trading Plans for DRN

• Buy DRN slightly over 9.74, target 10.05, Stop Loss @ 9.71 Details

If 9.74 begins to break higher, the technical summary data tells us to buy DRN just slightly over 9.74, with an upside target of 10.05. The data also tells us to set a stop loss @ 9.71 in case the stock turns against the trade. 9.74 is the first level of resistance above 9.68, and by rule, any break above resistance is a buy signal. In this case, 9.74, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short DRN slightly near 9.74, target 8.99, Stop Loss @ 9.77. Details

The technical summary data is suggesting a short of DRN if it tests 9.74 with a downside target of 8.99. We should have a stop loss in place at 9.77 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 9.74, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for DRN

• Buy DRN slightly over 10.05, target 12.17, Stop Loss @ 10.03 Details

If 10.05 begins to break higher, the technical summary data tells us to buy DRN just slightly over 10.05, with an upside target of 12.17. The data also tells us to set a stop loss @ 10.03 in case the stock turns against the trade. 10.05 is the first level of resistance above 9.68, and by rule, any break above resistance is a buy signal. In this case, 10.05, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short DRN slightly near 10.05, target 8.99, Stop Loss @ 10.07. Details

The technical summary data is suggesting a short of DRN if it tests 10.05 with a downside target of 8.99. We should have a stop loss in place at 10.07 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 10.05, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Direxion Daily Real Estate Bull 3x Shares (DRN) available here: DRN.

DRN Ratings for June 01:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Neutral
P1	0	0	7.97
P2	9.59	8.99	10.05
P3	9.86	9.74	12.17

AI Generated Signals for DRN

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