Direxion Daily AAPL Bull 1.5X Shares ETF Forecast
Red day on Friday for Direxion Daily AAPL Bull 1.5X Shares ETF after losing 0.730%
(Updated on Apr 26, 2024)
The Direxion Daily AAPL Bull 1.5X Shares ETF price fell by -0.730% on the last day (Friday, 26th Apr 2024) from $21.92 to $21.76. During the last trading day the ETF fluctuated 2.44% from a day low at $21.76 to a day high of $22.29. The price has fallen in 6 of the last 10 days and is down by -8.65% for this period. Volume has increased on the last day by 107 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 354 thousand shares were bought and sold for approximately $7.70 million.
The ETF lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -18.85% during the next 3 months and, with a 90% probability hold a price between $16.47 and $18.63 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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AAPU Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 4.97%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Direxion Daily AAPL Bull 1.5X Shares ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $22.33. On a fall, the ETF will find some support from the short-term average at $21.36. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
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 $21.73 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.530 between high and low, or 2.44%. For the last week, the ETF has had daily average volatility of 2.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AAPU) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Direxion Daily AAPL Bull 1.5X Shares to open at $21.94, and during the day (based on 14 day Average True Range), to move between $21.04 and $22.48, which gives a possible trading interval of +/-$0.719 (+/-3.31%) 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 6.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.73 (0.14%) than the resistance at $22.54 (3.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Direxion Daily AAPL Bull 1.5X Shares ETF A Buy?
Direxion Daily AAPL Bull 1.5X Shares holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -2.171 Sell Candidate Unchanged
Predicted Opening Price for Direxion Daily AAPL Bull 1.5X Shares of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $21.94 ( 0.81%) | $21.76 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 22.47 | 3.25 % | |
| R2 | 22.26 | 2.32 % | ||
| R1 | 22.14 | 1.74 % | ||
| Current price: | 21.76 | |||
| Support | S1 | 21.73 | -0.119 % | |
| S2 | 21.61 | -0.693 % | ||
| S3 | 21.41 | -1.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.82 | 9.47 % | |
| R2 | 23.41 | 7.58 % | ||
| R1 | 22.54 | 3.58 % | ||
| Current price | 21.76 | |||
| Support | S1 | 21.73 | -0.138% | |
| S2 | 21.57 | -0.87% | ||
| S3 | 21.19 | -2.62% |
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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