Bullish Case: DRV's mean-reverting nature and recent uptick from one-month lows suggest an upside potential, despite longer-term downtrends.


Bearish Case: Consistent long-term downtrend and higher bearish risk across all tenors indicate a continued potential decline for DRV.


Potential Outcomes: Upside mean reversion (25%); continued bearish momentum given historical decline (50%); sudden market uncertainty spike (25%).


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February 21, 2024


Direxion Daily Real Estate Bear 3X Shares Forecast

[DRV]  Direxion Daily Real Estate Bear 3X Shares
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)



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DRV Balanced News:









Correlated Stock Forecasts

Assets that tend to move strongly with DRV



SRS Forecast + Options Trading Strategies   [SRS]  ProShares UltraShort Real Estate (0.99)


REK Forecast + Options Trading Strategies   [REK]  ProShares Short Real Estate (0.97)


SRTY Forecast + Options Trading Strategies   [SRTY]  ProShares UltraPro Short Russell2000 (0.88)


TZA Forecast + Options Trading Strategies   [TZA]  Direxion Daily Small Cap Bear 3X Shares (0.88)


DOG Forecast + Options Trading Strategies   [DOG]  ProShares Short Dow30 (0.82)



Uncorrelated Stock Forecasts

Assets with little price relationship to DRV



PERI Forecast + Options Trading Strategies   [PERI]  Perion Network (0.0)


WHR Forecast + Options Trading Strategies   [WHR]  Whirlpool (-0.0)


CGNX Forecast + Options Trading Strategies   [CGNX]  Cognex (-0.01)


NYCB Forecast + Options Trading Strategies   [NYCB]  New York Community Bancorp (-0.01)


SMTC Forecast + Options Trading Strategies   [SMTC]  Semtech (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against DRV



RSP Forecast + Options Trading Strategies   [RSP]  Invesco S&P 500 Equal Weight (-0.92)


KIM Forecast + Options Trading Strategies   [KIM]  Kimco Realty (-0.92)


VNQ Forecast + Options Trading Strategies   [VNQ]  Vanguard Real Estate Index (-0.92)


ICF Forecast + Options Trading Strategies   [ICF]  BTC iShares Cohen & Steers REIT (-0.94)


XLRE Forecast + Options Trading Strategies   [XLRE]  Real Estate Select Sector SPDR (-0.95)





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