Technical Analysis for SPUU - Direxion Daily S&P 500 Bull 2X Shares

Grade Last Price % Change Price Change
B 123.30 0.07% 0.09
SPUU closed up 0.07 percent on Thursday, March 28, 2024, on 45 percent of normal volume. The bulls were able to push the stock to a new 52-week high. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Lizard Bearish Bearish Day Trade Setup 0.00%
New 52 Week Closing High Bullish 0.00%
Narrow Range Bar Range Contraction 0.00%
New 52 Week High Strength 0.00%
Stochastic Reached Overbought Strength 0.00%
Overbought Stochastic Strength 0.00%
MACD Bullish Signal Line Cross Bullish 0.07%
New 52 Week Closing High Bullish 0.07%
180 Bullish Setup Bullish Swing Setup 0.07%

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Profile

The investment seeks daily investment results, before fees and expenses, of 200% of the performance of the S&P 500® Index. The fund normally creates long positions by investing at least 80% of its net assets in the equity securities that comprise the index and/or financial instruments that provide leveraged and unleveraged exposure to the index. The index is a capitalization-weighted index composed of 500 domestic common stocks. The fund is non-diversified.
Classification

Keywords: Exchange Traded Fund ETF Index Fund Leveraged ETF Ultra ETF S&P 500 Index

Top 10 Components

Symbol Grade Price % Change Allocation
MSFT A -0.17 6.26
AAPL F -1.06 5.14
NVDA B 0.12 4.43
AMZN B 0.31 3.23
META B -1.68 2.21
GOOGL B 0.04 1.74
BRK.A B 0.77 1.50
GOOG B 0.21 1.46
LLY B -0.03 1.22
JPM B 0.39 1.13

Is SPUU a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 123.88
52 Week Low 76.6586
Average Volume 18,801
200-Day Moving Average 97.55
50-Day Moving Average 114.45
20-Day Moving Average 119.81
10-Day Moving Average 121.37
Average True Range 1.71
RSI (14) 65.64
ADX 25.23
+DI 40.27
-DI 24.03
Chandelier Exit (Long, 3 ATRs) 118.74
Chandelier Exit (Short, 3 ATRs) 119.82
Upper Bollinger Bands 124.33
Lower Bollinger Band 115.30
Percent B (%b) 0.89
BandWidth 7.54
MACD Line 2.50
MACD Signal Line 2.47
MACD Histogram 0.0269
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 124.43
Resistance 3 (R3) 124.49 124.19 124.24
Resistance 2 (R2) 124.19 123.90 124.15 124.17
Resistance 1 (R1) 123.74 123.72 123.97 123.68 124.11
Pivot Point 123.44 123.44 123.55 123.40 123.44
Support 1 (S1) 122.99 123.15 123.22 122.93 122.49
Support 2 (S2) 122.69 122.97 122.65 122.43
Support 3 (S3) 122.24 122.69 122.36
Support 4 (S4) 122.18