DRN's Stochastic Oscillator stays in overbought zone for 9 days
The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Technical Analysis (Indicators)
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where DRN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for DRN entered a downward trend on June 03, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 05, 2025. You may want to consider a long position or call options on DRN as a result. In of 88 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for DRN just turned positive on May 30, 2025. Looking at past instances where DRN's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
DRN moved above its 50-day moving average on May 27, 2025 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for DRN crossed bullishly above the 50-day moving average on May 09, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DRN advanced for three days, in of 326 cases, the price rose further within the following month. The odds of a continued upward trend are .
DRN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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General Information
Category Trading
DRN and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, DRN has been loosely correlated with SSO. These tickers have moved in lockstep 57% of the time. This A.I.-generated data suggests there is some statistical probability that if DRN jumps, then SSO could also see price increases.
| Ticker / NAME | Correlation To DRN | 1D Price Change % | ||
|---|---|---|---|---|
| DRN | 100% | -2.90% | ||
| SSO - DRN | 57% Loosely correlated | -2.26% | ||
| TQQQ - DRN | 45% Loosely correlated | -3.78% | ||
| QLD - DRN | 44% Loosely correlated | -2.56% | ||
| SPXL - DRN | 40% Loosely correlated | -3.38% | ||
| SOXL - DRN | 34% Loosely correlated | -7.61% | ||
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