DIREXION DAILY FINANCIAL BULL 3X SHARES Stock Forecast
Green day on Tuesday for DIREXION DAILY FINANCIAL BULL 3X SHARES
(Updated on Apr 23, 2024)
The DIREXION DAILY FINANCIAL BULL 3X SHARES stock price gained 0.392% on the last trading day (Tuesday, 23rd Apr 2024), rising from £510.00 to £512.00. During the last trading day the stock fluctuated 1.59% from a day low at £505.96 to a day high of £514.00. The price has risen in 6 of the last 10 days and is up by 1.59% 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, 10 thousand more shares were traded than the day before. In total, 74 thousand shares were bought and sold for approximately £37.81 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.69% during the next 3 months and, with a 90% probability hold a price between £509.14 and £537.19 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 £507.14 and £495.94. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -0.775%. 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). 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.
Support, Risk & Stop-loss for DIREXION DAILY FINANCIAL BULL 3X SHARES stock
DIREXION DAILY FINANCIAL BULL 3X SHARES finds support from accumulated volume at £491.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 £8.04 between high and low, or 1.59%. For the last week the stock has had daily average volatility of 2.31%.
Our recommended stop-loss: £491.72 (-3.96%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (FAS.L) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect DIREXION DAILY FINANCIAL BULL 3X SHARES to open at £510.65, and during the day (based on 14 day Average True Range), to move between £502.75 and £521.25, which gives a possible trading interval of +/-£9.25 (+/-1.81%) 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 3.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £516.00 (0.78%) than the support at £491.00 (4.10%), 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 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.
Current score: 1.234 Buy Candidate Unchanged
Predicted Opening Price for DIREXION DAILY FINANCIAL BULL 3X SHARES of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| £510.65 ( 0.263%) | £512.00 |
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 | 518.69 | 1.31 % | |
| R2 | 515.62 | 0.707 % | ||
| R1 | 513.72 | 0.337 % | ||
| Current price: | 512.00 | |||
| Support | S1 | 507.58 | -0.86 % | |
| S2 | 505.68 | -1.23 % | ||
| S3 | 502.61 | -1.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 516.00 | 0.781 % | ||
| Current price | 512.00 | |||
| Support | S1 | 491.00 | -4.10% | |
| S2 | 489.00 | -4.49% | ||
| S3 | 485.00 | -5.27% |
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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