Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL)

Direxion Daily Homebuilders & Supplies Bull 3X Shares is trading at $32.87, up 1.86% on the session. The 50 day average sits at $31.30 and the 200 day at $43.67, which puts the stock in a downtrend. RSI is at 54.5, which reads as neutral, and MACD is bullish crossover. Volume is below average.

The nearest support is around $28.48 with resistance near $32.56, so that band frames the current range. Average daily movement is roughly $2.26, or about 6.9% of the share price, which is what any stop placement has to allow for. The overall health score of 38 out of 100 combines a trend score of 20, momentum of 68 and a risk score of 24.

The fund invests at least 80% of its net assets in financial instruments, that, in combination, provide 3X daily leveraged exposure to the index, consistent with the fund's investment objective. The index measures U.S. companies in the home construction sector and defines homebuilder & supplier companies as those that provide a wide range of products and services related to homebuilding, including home construction and producers, sellers and suppliers of building materials, furnishings and fixtures and etc. It is non-diversified.