Direxion Daily S&P 500 Bear 3X Shares (SPXS)

Direxion Daily S&P 500 Bear 3X Shares is trading at $24.56, up 2.08% on the session. The 50 day average sits at $26.45 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 35.2, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $23.57 with resistance near $27.22, so that band frames the current range. Average daily movement is roughly $0.78, or about 3.2% of the share price, which is what any stop placement has to allow for. The overall health score of 37 out of 100 combines a trend score of 28, momentum of 25 and a risk score of 68.

The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, including swap agreements, futures contracts, or short positions, that, in combination, provide 3X daily inverse (opposite) or short exposure to the index or to exchange-traded funds (“ETFs”) that track the index, consistent with the fund’s investment objective. The index is a float-adjusted, market capitalization-weighted index. The fund is non-diversified.