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UTSL
ETF ticker: NYSE ARCA
AS OF
Dec 20, 04:59 PM (EDT)
Price
$32.17
Change
+$1.22 (+3.94%)
Net Assets
40.34M

UTSL Direxion Daily Utilities Bull 3X ETF Forecast, Technical & Fundamental Analysis

Category Trading
UTSL
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for UTSL with price predictions
Dec 20, 2024

UTSL's RSI Indicator recovers from oversold territory

The RSI Indicator for UTSL moved out of oversold territory on December 20, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 22 similar instances when the indicator left oversold territory. In of the 22 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 12 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where UTSL advanced for three days, in of 331 cases, the price rose further within the following month. The odds of a continued upward trend are .

UTSL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 284 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 Momentum Indicator moved below the 0 level on December 04, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on UTSL as a result. In of 93 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for UTSL turned negative on December 05, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .

UTSL moved below its 50-day moving average on December 03, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for UTSL crossed bearishly below the 50-day moving average on December 11, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 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 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 .

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UTSL
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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UTSL and ETFs

Correlation & Price change

A.I.dvisor tells us that UTSL and SSO have been poorly correlated (+33% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that UTSL and SSO's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To UTSL
1D Price
Change %
UTSL100%
+4.52%
SSO - UTSL
33%
Poorly correlated
+2.27%
SPXL - UTSL
32%
Poorly correlated
+3.31%
MLPR - UTSL
27%
Poorly correlated
-2.93%
FEDL - UTSL
23%
Poorly correlated
N/A
QULL - UTSL
17%
Poorly correlated
N/A
More