Direxion Daily Technical Analysis

Direxion Daily Mid Cap Bull 3X ETF -- USA Etf  

USD 43.03  0.25  0.58%

Direxion Daily Mid Cap Bull 3X ETF shows Coefficient Of Variation of 1070.39, Mean Deviation of 1.15 and Downside Deviation of 1.5. In respect to Fundamental Indicators, Macroaxis technical analysis interface provides you with the way to check existing technical drivers of Direxion Daily as well as the relationship between them. In plain English you can use this information to find out if the entity will indeed mirror its model of historical prices and volume momentum or the prices will eventually revert. We found nineteen technical drivers for Direxion Daily Mid Cap Bull 3X ETF which can be compared to its rivals. Please confirm Direxion Daily Mid Variance, Value At Risk as well as the relationship between Value At Risk and Skewness to decide if Direxion Daily Mid is priced favorably providing market reflects its regular price of 43.03 per share.
Investment Horizon     30 Days    Login   to change

Direxion Daily Mid Trend Analysis

Use this graph to draw trend lines for Direxion Daily Mid Cap Bull 3X ETF. You can use it to identify possible trend reversals for Direxion Daily as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Direxion Daily price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Direxion Daily Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Direxion Daily Mid Cap Bull 3X ETF applied against its price change over selected period. The best fit line has a slop of 0.001985 % which may suggest that Direxion Daily Mid Cap Bull 3X ETF market price will keep on failing further. It has 34 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Direxion Daily price change compared to its average price change.

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Direxion Daily Mid Cap Bull 3X ETF is regarded third largest ETF in mean deviation as compared to similar ETFs. It is currently under evaluation in standard deviation as compared to similar ETFs creating about  1.2  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for Direxion Daily Mid Cap Bull 3X ETF is roughly  1.2 

One Year Return

Direxion Daily Mid One Year Return
Based on recorded statements Direxion Daily Mid Cap Bull 3X ETF has One Year Return of 74%. This is 536.58% lower than that of the Direxion Funds family, and 497.98% lower than that of Trading--Leveraged Equity category, The One Year Return for all etfs is 6096.8% lower than the firm.
  Year Return 
      Direxion Daily Comparables 
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.