Direxion Daily Small Cap Bull 3X Shares (TNA)

Direxion Daily Small Cap Bull 3X Shares is trading at $57.77, down 4.98% on the session. The 50 day average sits at $63.48 and the 200 day at $61.10, which puts the stock in a uptrend. RSI is at 41.2, which reads as weak, and MACD is bullish crossover. Volume is below average.

The nearest support is around $55.43 with resistance near $61.87, so that band frames the current range. Average daily movement is roughly $2.29, or about 4.0% of the share price, which is what any stop placement has to allow for. The overall health score of 46 out of 100 combines a trend score of 33, momentum of 50 and a risk score of 62.

The fund invests at least 80% of its net assets 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 measures the performance of approximately 2,000 small-capitalization companies in the Russell 3000® Index, based on a combination of their market capitalization and current index membership. The fund is non-diversified.