DIREXION DAILY FTSE EUROPE BULL 3X ETF Forecast

$26.28
-0.0944 (-0.358%)
At Close: Mar 28, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of EURL
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Red day on Thursday for DIREXION DAILY FTSE EUROPE BULL 3X ETF after losing 0.358%
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 15, 2024 Gain 14.44% PDF

The DIREXION DAILY FTSE EUROPE BULL 3X ETF price fell by -0.358% on the last day (Thursday, 28th Mar 2024) from $26.37 to $26.28. During the last trading day the ETF fluctuated 0.462% from a day low at $26.21 to a day high of $26.33. The price has been going up and down for this period, and there has been a 1.91% gain for the last 2 weeks. Volume has increased on the last day by 2 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, 8 thousand shares were bought and sold for approximately $199.01 thousand.

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 20.32% during the next 3 months and, with a 90% probability hold a price between $28.45 and $32.78 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

EURL Signals & Forecast

There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -0.509%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). DIREXION DAILY FTSE EUROPE BULL 3X gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The DIREXION DAILY FTSE EUROPE BULL 3X 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 $26.06 and $24.59. A breakdown below any of these levels will issue sell signals. The ETF had a Golden Star Signal on Tuesday, July 11, 2023 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 ETF in question.

Buy
Special Signal Notification

Golden Star 12 Months

The ETF had a Golden Star Signal on Tuesday, July 11, 2023 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 ETF in question.

Support, Risk & Stop-loss for DIREXION DAILY FTSE EUROPE BULL 3X ETF

DIREXION DAILY FTSE EUROPE BULL 3X finds support from accumulated volume at $25.91 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 $0.121 between high and low, or 0.462%. For the last week, the ETF has had daily average volatility of 0.97%.

Our recommended stop-loss: $25.51 (-2.93%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 11 days ago.)

Trading Expectations (EURL) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect DIREXION DAILY FTSE EUROPE BULL 3X SHARES to open at $26.27, and during the day (based on 14 day Average True Range), to move between $25.74 and $26.81, which gives a possible trading interval of +/-$0.534 (+/-2.03%) up or down from last closing price. If DIREXION DAILY FTSE EUROPE BULL 3X SHARES takes out the full calculated possible swing range there will be an estimated 4.07% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $26.33 (0.20%) than the support at $25.91 (1.39%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is DIREXION DAILY FTSE EUROPE BULL 3X SHARES ETF 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 FTSE EUROPE BULL 3X ETF to perform well in the short-term.

Current score: 3.616 Buy Candidate Unchanged

Predicted Opening Price for DIREXION DAILY FTSE EUROPE BULL 3X SHARES of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$26.27 ( 0.0126%) $26.28

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for EURL

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 26.39 0.448 %
R2 26.35 0.272 %
R1 26.32 0.163 %
Current price: 26.28
Support S1 26.23 -0.189 %
S2 26.20 -0.297 %
S3 26.15 -0.473 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 26.41 0.512 %
R2 26.37 0.359 %
R1 26.33 0.198 %
Current price 26.28
Support S1 25.91 -1.39%
S2 25.34 -3.58%
S3 22.61 -13.95%

EURL Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 18, 2024 Mar 19, 2024 Mar 26, 2024 $0.127 0.489%
2 Dec 21, 2023 Dec 21, 2023 Dec 21, 2023 $0.173 0.742%
3 Feb 10, 2023 Sep 19, 2023 Sep 26, 2023 $0.221 1.26%
4 Feb 10, 2023 Jun 21, 2023 Jun 28, 2023 $0.144 0.667%
5 Feb 10, 2023 Mar 21, 2023 Mar 28, 2023 $0.0550 0.282%

FAQ

What is the symbol for DIREXION DAILY FTSE EUROPE BULL 3X SHARES ETF and on which exchange is it traded?
The symbol for DIREXION DAILY FTSE EUROPE BULL 3X SHARES is EURL and it is traded on the NYSEARCA (NYSE Arca).

Should I buy or sell DIREXION DAILY FTSE EUROPE BULL 3X SHARES ETF?
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 FTSE EUROPE BULL 3X ETF to perform well in the short-term.

How to buy DIREXION DAILY FTSE EUROPE BULL 3X SHARES ETF?
DIREXION DAILY FTSE EUROPE BULL 3X SHARES ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy DIREXION DAILY FTSE EUROPE BULL 3X SHARES ETF.

What's the current price of DIREXION DAILY FTSE EUROPE BULL 3X SHARES ETF?
As of the end of day on the 2024-03-28, the price of an DIREXION DAILY FTSE EUROPE BULL 3X SHARES (EURL) share was $26.28.

What is the 52-week high and low for DIREXION DAILY FTSE EUROPE BULL 3X SHARES ETF?
The 52-week high for DIREXION DAILY FTSE EUROPE BULL 3X SHARES ETF is $26.57 and the 52-week low is $15.05.

What is the market capitalization of DIREXION DAILY FTSE EUROPE BULL 3X SHARES ETF?
As of the 2024-03-28, the market capitalization of DIREXION DAILY FTSE EUROPE BULL 3X SHARES is 23.75M.
Click to get the best stock tips daily for free!

About DIREXION DAILY FTSE EUROPE BULL 3X SHARES

The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, ETFs that track the index, securities of the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index is a market capitalization weighted index that is designed to measure the equity market performance of large-, mid- and small-cap com... EURL Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT