Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL)

Direxion Daily Homebuilders & Supplies Bull 3X Shares is trading at $39.43, down 2.94% on the session. The 50 day average sits at $43.02 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 49.5, which reads as neutral, and MACD is bullish crossover. Volume is below average.

The nearest support is around $41.12 with resistance near $45.46, so that band frames the current range. Average daily movement is roughly $3.30, or about 8.4% of the share price, which is what any stop placement has to allow for. The overall health score of 44 out of 100 combines a trend score of 39, momentum of 60 and a risk score of 30.

The fund invests at least 80% of its net assets in financial instruments, that, in combination, provide 3X daily leveraged exposure to the index, consistent with the fund's investment objective. The index measures U.S. companies in the home construction sector and defines homebuilder & supplier companies as those that provide a wide range of products and services related to homebuilding, including home construction and producers, sellers and suppliers of building materials, furnishings and fixtures and etc. It is non-diversified.