UTSL Direxion Daily Utilities Bull 3X ETF Forecast, Technical & Fundamental Analysis
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 .
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)
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 % |
| RYSGX | 45.34 | N/A | N/A |
| Rydex S&P SmallCap 600 Pure Growth A | |||
| CCGRX | 57.19 | -0.04 | -0.07% |
| Columbia Large Cap Growth Adv | |||
| FGHMX | 74.23 | -0.08 | -0.11% |
| Fidelity Advisor® Communication Svcs C | |||
| GSGRX | 41.50 | -0.08 | -0.19% |
| Goldman Sachs Equity Income A | |||
| TGDIX | 13.31 | -0.04 | -0.30% |
| TCW Relative Value Large Cap I | |||
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.
| Ticker / NAME | Correlation To UTSL | 1D Price Change % | ||
|---|---|---|---|---|
| UTSL | 100% | -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% |