Direxion Daily CSI China Internet Bull 2X Shares (CWEB)

Direxion Daily CSI China Internet Bull 2X Shares is trading at $22.18, down 1.60% on the session. The 50 day average sits at $22.22 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 44.9, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $22.11 with resistance near $22.98, so that band frames the current range. Average daily movement is roughly $0.98, or about 4.4% of the share price, which is what any stop placement has to allow for. The overall health score of 49 out of 100 combines a trend score of 64, momentum of 28 and a risk score of 56.

The index is designed to measure the performance of the investable universe of publicly traded China-based companies whose primary business or businesses are in the Internet and Internet-related sectors. 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 2X daily leveraged exposure to the index, consistent with the fund's investment objective. It is non-diversified.