Direxion Daily TSLA Bull 2X Shares (TSLL)

Direxion Daily TSLA Bull 2X Shares is trading at $10.40, up 3.90% on the session. The 50 day average sits at $8.98 and the 200 day at $13.22, which puts the stock in a downtrend. RSI is at 56.9, which reads as strong, and MACD is bearish crossover. Volume is average.

The nearest support is around $9.10 with resistance near $10.74, so that band frames the current range. Average daily movement is roughly $0.67, or about 6.4% of the share price, which is what any stop placement has to allow for. The overall health score of 42 out of 100 combines a trend score of 36, momentum of 51 and a risk score of 40.

The fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in the securities of TSLA and financial instruments, such as swap agreements and options, that provide leveraged exposure to TSLA. The fund is non-diversified.