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SPUU
ETF ticker: NYSE ARCA
AS OF
Jan 17 closing price
Price
$153.05
Change
+$2.78 (+1.85%)
Net Assets
155.29M

SPUU Direxion Daily S&P 500® Bull 2X ETF Forecast, Technical & Fundamental Analysis

Category Trading
SPUU
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for SPUU with price predictions
Jan 08, 2025

SPUU's Indicator enters downward trend

The Aroon Indicator for SPUU entered a downward trend on January 08, 2025. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 112 similar instances where the Aroon Indicator formed such a pattern. In of the 112 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on January 07, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on SPUU as a result. In of 71 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

SPUU moved below its 50-day moving average on January 07, 2025 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for SPUU crossed bearishly below the 50-day moving average on December 31, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 11 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPUU declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where SPUU's RSI Indicator exited the oversold zone, of 27 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 45 cases where SPUU's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SPUU advanced for three days, in of 354 cases, the price rose further within the following month. The odds of a continued upward trend are .

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SPUU
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Trading--Leveraged Equity
Address
Direxion Shares ETF Trust33 Whitehall Street,10th FloorNew York
Phone
866-476-7523
Web
http://www.direxioninvestments.com/
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SPUU and ETFs

Correlation & Price change

A.I.dvisor indicates that over the last year, SPUU has been closely correlated with SPXL. These tickers have moved in lockstep 98% of the time. This A.I.-generated data suggests there is a high statistical probability that if SPUU jumps, then SPXL could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SPUU
1D Price
Change %
SPUU100%
+1.85%
SPXL - SPUU
98%
Closely correlated
+2.79%
SSO - SPUU
98%
Closely correlated
+1.90%
QULL - SPUU
96%
Closely correlated
N/A
QLD - SPUU
93%
Closely correlated
+3.30%
TQQQ - SPUU
93%
Closely correlated
+4.93%
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