Direxion Daily AAPL Bull 1.5X Shares ETF Forecast
Direxion Daily AAPL Bull 1.5X Shares ETF upgraded to Strong Buy Candidate.
(Updated on Jul 02, 2024)
The Direxion Daily AAPL Bull 1.5X Shares ETF price gained 3.19% on the last trading day (Tuesday, 2nd Jul 2024), rising from $34.44 to $35.54. During the last trading day the ETF fluctuated 4.90% from a day low at $33.90 to a day high of $35.56. The price has risen in 6 of the last 10 days and is up by 2.01% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 498 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $59.32 million.
The ETF lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 61.54% during the next 3 months and, with a 90% probability hold a price between $50.64 and $59.96 at the end of this 3-month period.
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AAPU Signals & Forecast
The Direxion Daily AAPL Bull 1.5X Shares ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $33.40 and $30.02. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 11.87%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Direxion Daily AAPL Bull 1.5X Shares ETF
Direxion Daily AAPL Bull 1.5X Shares finds support from accumulated volume at $34.02 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this ETF is considered to be "high risk". During the last day, the ETF moved $1.66 between high and low, or 4.90%. For the last week, the ETF has had daily average volatility of 4.51%.
Our recommended stop-loss: $34.22 (-3.72%) (This ETF has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (AAPU) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Direxion Daily AAPL Bull 1.5X Shares to open at $35.00, and during the day (based on 14 day Average True Range), to move between $34.00 and $37.08, which gives a possible trading interval of +/-$1.54 (+/-4.32%) up or down from last closing price. If Direxion Daily AAPL Bull 1.5X Shares takes out the full calculated possible swing range there will be an estimated 8.65% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $34.02, some $1.52 (4.28%) from the current price of $35.54, our system finds the risk reward attractive.
Is Direxion Daily AAPL Bull 1.5X Shares ETF A Buy?
Direxion Daily AAPL Bull 1.5X Shares holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.782 Strong Buy Candidate Upgraded
Predicted Opening Price for Direxion Daily AAPL Bull 1.5X Shares of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $35.00 ( 1.52%) | $35.54 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AAPU
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 36.66 | 3.15% |
| R2 | 36.03 | 1.37% |
| R1 | 35.63 | 0.265% |
| Price | 35.54 | |
| S1 | 34.37 | -3.30% |
| S2 | 33.97 | -4.41% |
| S3 | 33.34 | -6.19% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 35.54 | |
| S1 | 34.02 | -4.28% |
| S2 | 33.72 | -5.12% |
| S3 | 31.89 | -10.27% |
AAPU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 19, 2024 | Mar 26, 2024 | $0.0842 | 0.379% |
| 2 | Dec 20, 2023 | Dec 21, 2023 | Dec 29, 2023 | $0.272 | 0.99% |
| 3 | Sep 18, 2023 | Sep 19, 2023 | Sep 26, 2023 | $0.146 | 0.615% |
| 4 | Jun 20, 2023 | Jun 21, 2023 | Jun 28, 2023 | $0.140 | 0.498% |
| 5 | Mar 20, 2023 | Mar 21, 2023 | Mar 28, 2023 | $0.0780 | 0.357% |
FAQ
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