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UTSL
ETF ticker: NYSE ARCA
AS OF
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Net Assets
35.64M

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

Category Trading
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for UTSL with price predictions
08:00 PM EDT Sep 21, 2023

UTSL saw its Stochastic Oscillator recovers from the overbought zone

The Stochastic Oscillator for UTSL moved out of overbought territory on September 21, 2023. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 67 similar instances where the indicator exited the overbought zone. In of the 67 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

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 September 14, 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.

The Aroon Indicator for UTSL entered a downward trend on September 14, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where UTSL's RSI Indicator exited the oversold zone, of 20 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on September 13, 2023. You may want to consider a long position or call options on UTSL as a result. In of 99 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for UTSL just turned positive on September 08, 2023. Looking at past instances where UTSL's MACD turned positive, the stock continued to rise in of 49 cases 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 341 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Nextera Energy Inc (NYSE:NEE), Southern Company (The) (NYSE:SO), PG&E Corp (NYSE:PCG), Dominion Energy (NYSE:D), NRG Energy (NYSE:NRG).

Industry description

The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the Utilities Select Sector Index. The fund 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 ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index includes domestic companies from the utilities sector which includes the following industries: electric utilities; multi-utilities; water utilities and etc. The fund is non-diversified.

Market Cap

The average market capitalization across the Direxion Daily Utilities Bull 3X ETF ETF is 37.45B. The market cap for tickers in the group ranges from 8.82B to 137.01B. NEE holds the highest valuation in this group at 137.01B. The lowest valued company is PNW at 8.82B.

High and low price notable news

The average weekly price growth across all stocks in the Direxion Daily Utilities Bull 3X ETF ETF was -5%. For the same ETF, the average monthly price growth was -0%, and the average quarterly price growth was -14%. XEL experienced the highest price growth at 3%, while AES experienced the biggest fall at -7%.

Volume

The average weekly volume growth across all stocks in the Direxion Daily Utilities Bull 3X ETF ETF was -64%. For the same stocks of the ETF, the average monthly volume growth was 14% and the average quarterly volume growth was 7%

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: 69
Price Growth Rating: 53
SMR Rating: 71
Profit Risk Rating: 42
Seasonality Score: -21 (-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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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 61% 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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To UTSL
1D Price
Change %
UTSL100%
-0.67%
SPXL - UTSL
61%
Loosely correlated
-0.82%
SSO - UTSL
61%
Loosely correlated
-0.53%
QLD - UTSL
47%
Loosely correlated
+0.08%
TQQQ - UTSL
46%
Loosely correlated
+0.07%
SOXL - UTSL
31%
Poorly correlated
+2.41%