Direxion Daily South Korea Bull 3X Shares (KORU)

Direxion Daily South Korea Bull 3X Shares is trading at $19.50, down 17.16% on the session. The 50 day average sits at $28.17 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 50.7, which reads as neutral, and MACD is bullish crossover. Volume is below average.

The nearest support is around $15.45 with resistance near $22.48, so that band frames the current range. Average daily movement is roughly $3.24, or about 16.6% of the share price, which is what any stop placement has to allow for. The overall health score of 41 out of 100 combines a trend score of 25, momentum of 78 and a risk score of 16.

The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and 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 is designed to measure the performance of the large- and mid-cap segments of the South Korean equity market, covering approximately 85% of the free float-adjusted market capitalization of South Korean issuers. It is non-diversified.