Direxion Daily 20-Year Treasury (TMV)

Direxion Daily 20-Year Treasury is trading at $42.88, up 1.23% on the session. The 50 day average sits at $40.53 and the 200 day at $37.79, which puts the stock in a uptrend. RSI is at 53.7, which reads as neutral, and MACD is bearish crossover. Volume is average.

The nearest support is around $41.45 with resistance near $42.92, so that band frames the current range. Average daily movement is roughly $1.00, or about 2.3% of the share price, which is what any stop placement has to allow for. The overall health score of 74 out of 100 combines a trend score of 97, momentum of 41 and a risk score of 85.

The fund, under normal circumstances, invests at least 80% of the fund’s net assets in financial instruments, that, in combination, provide 3X daily inverse (opposite) or short exposure to the index or to ETFs that track the index, consistent with the fund’s investment objective. The index is a market value weighted index that includes publicly issued U.S. Treasury securities that have a remaining maturity of greater than 20 years. It is non-diversified.