Direxion Daily Industrials Bull 3x ETF Forecast
Direxion Daily Industrials Bull 3x ETF price ended at $51.36 on Friday, after gaining 2.74%.
(Updated on May 03, 2024)
The Direxion Daily Industrials Bull 3x ETF price gained 2.74% on the last trading day (Friday, 3rd May 2024), rising from $49.99 to $51.36. During the last trading day the ETF fluctuated 1.23% from a day low at $51.05 to a day high of $51.68. The price has risen in 7 of the last 10 days and is up by 5.35% over the past 2 weeks. Volume fell on the last day by -31 thousand shares and in total, 6 thousand shares were bought and sold for approximately $327.93 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $49.66 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 11.54% during the next 3 months and, with a 90% probability hold a price between $55.39 and $65.82 at the end of this 3-month period.
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DUSL Signals & Forecast
There are mixed signals in the ETF today. The Direxion Daily Industrials Bull 3x 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 $52.71. On a fall, the ETF will find some support from the short-term average at $50.79. 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. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -9.18%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Direxion Daily Industrials Bull 3x ETF
Direxion Daily Industrials Bull 3x finds support from accumulated volume at $50.90 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, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.630 between high and low, or 1.23%. For the last week the ETF has had daily average volatility of 2.86%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DUSL) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Direxion Daily Industrials Bull 3x Shares to open at $51.36, and during the day (based on 14 day Average True Range), to move between $49.51 and $53.21, which gives a possible trading interval of +/-$1.85 (+/-3.61%) up or down from last closing price. If Direxion Daily Industrials Bull 3x Shares takes out the full calculated possible swing range there will be an estimated 7.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $50.90 (0.90%) than the resistance at $53.62 (4.40%), 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 Industrials Bull 3x Shares ETF A Buy?
Direxion Daily Industrials Bull 3x 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: -2.535 Sell Candidate Unchanged
Predicted Opening Price for Direxion Daily Industrials Bull 3x Shares of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $51.36 ( 0.0065%) | $51.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DUSL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 51.99 | 1.23 % | |
| R2 | 51.75 | 0.765 % | ||
| R1 | 51.60 | 0.475 % | ||
| Current price: | 51.36 | |||
| Support | S1 | 51.12 | -0.462 % | |
| S2 | 50.97 | -0.752 % | ||
| S3 | 50.73 | -1.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 56.15 | 9.33 % | |
| R2 | 55.82 | 8.68 % | ||
| R1 | 53.62 | 4.40 % | ||
| Current price | 51.36 | |||
| Support | S1 | 50.90 | -0.90% | |
| S2 | 50.84 | -1.02% | ||
| S3 | 45.61 | -11.20% |
DUSL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 18, 2024 | Mar 19, 2024 | Mar 26, 2024 | $0.139 | 0.258% |
| 2 | Dec 21, 2023 | Dec 21, 2023 | Dec 21, 2023 | $0.159 | 0.381% |
| 3 | Feb 17, 2023 | Sep 19, 2023 | Sep 26, 2023 | $0.141 | 0.457% |
| 4 | Feb 17, 2023 | Jun 21, 2023 | Jun 28, 2023 | $0.151 | 0.413% |
| 5 | Feb 17, 2023 | Mar 21, 2023 | Mar 28, 2023 | $0.102 | 0.331% |
FAQ
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