Direxion Daily South Korea Bull 3X Shares (KORU)

Direxion Daily South Korea Bull 3X Shares is trading at $10.63, down 16.50% on the session. The 50 day average sits at $18.56 and the 200 day at $24.44, which puts the stock in a downtrend. RSI is at 45.1, which reads as neutral, and MACD is bearish crossover. Volume is above average.

The nearest support is around $10.45 with resistance near $21.15, so that band frames the current range. Average daily movement is roughly $1.69, or about 15.9% of the share price, which is what any stop placement has to allow for. The overall health score of 20 out of 100 combines a trend score of 3, momentum of 30 and a risk score of 34.

The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index, that, in combination, provide 3X daily leveraged exposure to the index, consistent with the fund's investment objective. The index is designed to measure the performance of the large- and mid-cap segments of the South Korean equity market, covering approximately 85% of the free float-adjusted market capitalization of South Korean issuers. It is non-diversified.