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SPUU
ETF ticker: NYSE ARCA
AS OF
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Net Assets
236.81M

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

Category Trading
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for SPUU with price predictions
07:00 PM EST Dec 04, 2023

Momentum Indicator for SPUU turns positive, indicating new upward trend

SPUU saw its Momentum Indicator move above the 0 level on November 02, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 64 similar instances where the indicator turned positive. In of the 64 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for SPUU just turned positive on November 02, 2023. Looking at past instances where SPUU's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .

SPUU moved above its 50-day moving average on November 10, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for SPUU crossed bullishly above the 50-day moving average on November 14, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. 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 349 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 428 cases where SPUU Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for SPUU moved out of overbought territory on December 04, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 45 similar instances where the indicator moved out of overbought territory. In of the 45 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 21 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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 .

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Apple (NASDAQ:AAPL), Microsoft Corp (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL), Amazon.com (NASDAQ:AMZN), NVIDIA Corp (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), Tesla (NASDAQ:TSLA), Eli Lilly & Co (NYSE:LLY), VISA (NYSE:V).

Industry description

The investment seeks daily investment results, before fees and expenses, of 200% of the daily performance of the S&P 500® Index. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, securities of the index, and exchange-traded funds ("ETFs") that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index, which, in combination, provide returns consistent with the investment objective. The fund is non-diversified.

Market Cap

The average market capitalization across the Direxion Daily S&P 500® Bull 2X ETF ETF is 82.38B. The market cap for tickers in the group ranges from 2.92B to 2.96T. AAPL holds the highest valuation in this group at 2.96T. The lowest valued company is OGN at 2.92B.

High and low price notable news

The average weekly price growth across all stocks in the Direxion Daily S&P 500® Bull 2X ETF ETF was 0%. For the same ETF, the average monthly price growth was 10%, and the average quarterly price growth was 10%. NCLH experienced the highest price growth at 21%, while CI experienced the biggest fall at -9%.

Volume

The average weekly volume growth across all stocks in the Direxion Daily S&P 500® Bull 2X ETF ETF was 8%. For the same stocks of the ETF, the average monthly volume growth was -17% and the average quarterly volume growth was 1%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 59
P/E Growth Rating: 50
Price Growth Rating: 41
SMR Rating: 51
Profit Risk Rating: 47
Seasonality Score: 15 (-100 ... +100)
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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

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 97% 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%
-0.15%
SPXL - SPUU
97%
Closely correlated
-0.10%
SSO - SPUU
97%
Closely correlated
-0.03%
QLD - SPUU
90%
Closely correlated
+0.49%
TQQQ - SPUU
90%
Closely correlated
+0.72%
SOXL - SPUU
74%
Closely correlated
-1.70%