Direxion Daily 20-Year Treasury (TMV)

Direxion Daily 20-Year Treasury is trading at $43.67, down 0.86% on the session. The 50 day average sits at $39.66 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 61.6, which reads as strong, and MACD is bearish crossover. Volume is volume spike.

The nearest support is around $41.15 with resistance near $43.52, so that band frames the current range. Average daily movement is roughly $0.88, or about 2.0% of the share price, which is what any stop placement has to allow for. The overall health score of 69 out of 100 combines a trend score of 72, momentum of 64 and a risk score of 71.

The fund, under normal circumstances, invests at least 80% of the fund’s net assets in financial instruments, that, in combination, provide 3X daily inverse (opposite) or short exposure to the index or to ETFs that track the index, consistent with the fund’s investment objective. The index is a market value weighted index that includes publicly issued U.S. Treasury securities that have a remaining maturity of greater than 20 years. It is non-diversified.