Direxion Small Cap Bear 3X ETF (TZA)

Direxion Small Cap Bear 3X ETF is trading at $42.06, up 3.37% on the session. The 50 day average sits at $39.31 and the 200 day at $56.43, which puts the stock in a downtrend. RSI is at 54.6, which reads as neutral, and MACD is bullish crossover. Volume is above average.

The nearest support is around $39.20 with resistance near $40.20, so that band frames the current range. Average daily movement is roughly $1.31, or about 3.1% 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 23, momentum of 64 and a risk score of 58.

The fund invests at least 80% of its net assets in financial instruments, including swap agreements, futures contracts, or short positions, that, in combination, provide 3X daily inverse or short exposure to the index or to ETFs that track the index, consistent with the fund’s investment objective. The index measures the performance of approximately 2,000 small-cap companies in the Russell 3000® Index, based on a combination of their market capitalization and current index membership. It is non-diversified.