DIREXION DAILY FINANCIAL BULL 3X SHARES Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
DIREXION DAILY FINANCIAL BULL 3X SHARES stock upgraded to Buy Candidate.
(Updated on Apr 26, 2024)
The DIREXION DAILY FINANCIAL BULL 3X SHARES stock price gained 1.17% on the last trading day (Friday, 26th Apr 2024), rising from £512.00 to £518.00. During the last trading day the stock fluctuated 1.38% from a day low at £512.90 to a day high of £520.00. The price has risen in 5 of the last 10 days and is up by 0.39% over the past 2 weeks. Volume fell on the last day by -26 thousand shares and in total, 56 thousand shares were bought and sold for approximately £28.78 million. 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 stock lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £519.84 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.79% during the next 3 months and, with a 90% probability hold a price between £519.42 and £544.76 at the end of this 3-month period.
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FAS.L Signals & Forecast
The DIREXION DAILY FINANCIAL BULL 3X SHARES stock 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 £510.57 and £498.31. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.19%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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). The stock had a Golden Star Signal on Friday, March 22, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, March 22, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Friday, March 08, 2024 with a target of £510.18. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for DIREXION DAILY FINANCIAL BULL 3X SHARES stock
On the downside, the stock finds support just below today's level from accumulated volume at £491.00 and £489.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, DIREXION DAILY FINANCIAL BULL 3X SHARES finds support just below today's level at £491.00. If this is broken, then the next support from accumulated volume will be at £489.00 and £485.00.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £7.10 between high and low, or 1.38%. For the last week the stock has had daily average volatility of 1.75%.
Our recommended stop-loss: £495.15 (-4.41%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (FAS.L) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect DIREXION DAILY FINANCIAL BULL 3X SHARES to open at £516.97, and during the day (based on 14 day Average True Range), to move between £508.94 and £527.06, which gives a possible trading interval of +/-£9.06 (+/-1.75%) up or down from last closing price. If DIREXION DAILY FINANCIAL BULL 3X SHARES takes out the full calculated possible swing range there will be an estimated 3.50% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £491.00, some £27.00 (5.21%) from the current price of £518.00, our system finds the risk reward attractive.
Is DIREXION DAILY FINANCIAL BULL 3X SHARES stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for DIREXION DAILY FINANCIAL BULL 3X SHARES stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.852 Buy Candidate Upgraded
Predicted Opening Price for DIREXION DAILY FINANCIAL BULL 3X SHARES of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| £516.97 ( 0.199%) | £518.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FAS.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 524.07 | 1.17 % | |
| R2 | 521.35 | 0.648 % | ||
| R1 | 519.68 | 0.324 % | ||
| Current price: | 518.00 | |||
| Support | S1 | 514.25 | -0.723 % | |
| S2 | 512.58 | -1.05 % | ||
| S3 | 509.87 | -1.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 518.00 | |||
| Support | S1 | 491.00 | -5.21% | |
| S2 | 489.00 | -5.60% | ||
| S3 | 485.00 | -6.37% |
FAS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 02, 2023 | Nov 02, 2023 | Nov 02, 2023 | £0.145 | 0.0303% |
| 2 | Oct 12, 2022 | Oct 27, 2022 | Dec 07, 2022 | £14.00 | 2.89% |
| 3 | Oct 13, 2021 | Oct 28, 2021 | Dec 08, 2021 | £8.80 | 1.85% |
| 4 | Oct 13, 2020 | Oct 22, 2020 | Dec 10, 2020 | £8.50 | 2.04% |
| 5 | Oct 15, 2019 | Oct 24, 2019 | Dec 11, 2019 | £8.80 | 2.21% |
FAQ
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