Direxion Daily Technology Bull 3X Shares (TECL)

Direxion Daily Technology Bull 3X Shares is trading at $170.55, down 16.06% on the session. The 50 day average sits at $212.12 and the 200 day at $169.79, which puts the stock in a uptrend. RSI is at 42.1, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $189.79 with resistance near $205.86, so that band frames the current range. Average daily movement is roughly $12.81, or about 7.5% of the share price, which is what any stop placement has to allow for. The overall health score of 48 out of 100 combines a trend score of 80, momentum of 20 and a risk score of 34.

The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, securities of the index, and exchange-traded funds ("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 includes domestic companies from the technology sector. It is non-diversified.