UTSL Price Prediction, Direxion Daily Utilities Bull 3X ETF AI Recommendations
ETF market charts, price targets, analyst ratings and a financial calendar
Momentum Indicator for UTSL turns positive, indicating new upward trend
UTSL saw its Momentum Indicator move above the 0 level on November 01, 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 97 similar instances where the indicator turned positive. In of the 97 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
UTSL moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for UTSL crossed bullishly above the 50-day moving average on November 15, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 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 UTSL advanced for three days, in of 340 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 263 cases where UTSL 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 Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 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 UTSL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
UTSL broke above its upper Bollinger Band on December 06, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Trading
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| LDVCX | 17.37 | 0.12 | +0.70% |
| AXS Thomson Reuters Vntr Cptl RetTrckr C | |||
| SPINX | 21.05 | 0.08 | +0.38% |
| SEI S&P 500 Index A (SIIT) | |||
| CPCRX | 4.11 | 0.01 | +0.24% |
| Comstock Capital Value I | |||
| FGFRX | 35.85 | -0.08 | -0.22% |
| Federated Hermes Intl Leaders R | |||
| SVMCX | 10.65 | -0.98 | -8.43% |
| Columbia Select Small Cap Value C | |||
UTSL and
Correlation & Price change
A.I.dvisor indicates that over the last year, UTSL has been loosely correlated with SPXL. These tickers have moved in lockstep 45% of the time. This A.I.-generated data suggests there is some statistical probability that if UTSL jumps, then SPXL could also see price increases.
| Ticker / NAME | Correlation To UTSL | 1D Price Change % | ||
|---|---|---|---|---|
| UTSL | 100% | -0.70% | ||
| SPXL - UTSL | 45% Loosely correlated | +1.20% | ||
| SSO - UTSL | 45% Loosely correlated | +0.83% | ||
| QLD - UTSL | 27% Poorly correlated | +0.78% | ||
| TQQQ - UTSL | 27% Poorly correlated | +1.20% | ||
| SOXL - UTSL | 14% Poorly correlated | +2.24% |