Direxion Daily FTSE China Bear 3X Shares (YANG)

Direxion Daily FTSE China Bear 3X Shares is trading at $29.30, down 0.37% on the session. The 50 day average sits at $32.13 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 51.9, which reads as neutral, and MACD is bullish crossover. Volume is below average.

The nearest support is around $29.64 with resistance near $31.38, so that band frames the current range. Average daily movement is roughly $1.21, or about 4.1% of the share price, which is what any stop placement has to allow for. The overall health score of 48 out of 100 combines a trend score of 36, momentum of 63 and a risk score of 46.

The fund, under normal circumstances, invests at least 80% of the fund’s net assets (plus borrowing for investment purposes) 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 consists of the 50 largest and most liquid public Chinese companies currently trading on the Hong Kong Stock Exchange ("SEHK"). The fund is non-diversified.