SPXL

Direxion Daily S&P500 Bull 3X Shares [SPXL] Stock Forecast

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RSI : 000

SPXL Stock Summary

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In the News

02:04 11 Dec 2023 SPXL

Economic Crossroads: Stock Market Reacts To U.S. Jobs Report, Fueling Speculation On Future Rate Cuts

The SPDR S&P 500 SPY popped up about 0.5% higher at one point Friday, despite U.S. Bureau of Labor Statistics data showing non-farm payrolls came in higher-than-expected, which brought into question whether the Federal Reserve will follow through with a rate cut campaign next year.

09:01 11 Dec 2023 SPXL

What Lies Ahead of S&P 500 ETFs in 2024?

While the S&P 500 may gain in 2024 due to cooling in inflation, a less-hawkish Fed, AI investing momentum, a tech rally and an improvement in the corporate earnings, presidential election can cause uncertainty in the market.

09:01 11 Dec 2023 SPXL

Can S&P 500 Jump to 5000 in 2024? ETFs in Focus

RBC Capital Markets is expecting the S&P 500 to reach a historic high in the year 2024. But JPMorgan says S&P 500 will fall next year due to challenging macro backdrop.

12:29 11 Dec 2023 SPXL

S&P 500 Winning Streak Could Extend Through 2024

.As 2023 comes to a close, there's seemingly an abundance of optimism heading into 2024 when it comes to the S&P 500. If forecasts are correct, this should bode well for the Direxion Daily S&P 500 Bull 3X Shares ETF (SPXL), which is already up close to 50% for the year.

11:26 11 Dec 2023 SPXL

S&P 500's Whirlwind: Big gains, warning whispers & tactical moves

The S&P 500 went into a new bullish trend in early November, with the SPDR S&P 500 ETF Trust NYSEARCA: SPY gapping up twice since its follow-through day on November 1. The index is up 7.73% in November.

11:45 11 Dec 2023 SPXL

SPXL: Unique Concentration Risk

The Direxion Daily S&P500 Bull 3X Shares is a leveraged ETF that could set investors up for knock-out risk due to its composition and structure. The concentration of the S&P 500's top holdings, particularly in the tech sector, poses a risk of magnified losses for SPXL in a highly concentrated market. The daily reset mechanism and leveraged nature of SPXL can lead to significant volatility and rapid drawdowns in value, especially if the top holdings face downturns.

10:40 11 Dec 2023 SPXL

Fed Rate Pause Could Clear Path for Further S&P 500 Gains

Geopolitical factors and higher-for-longer interest rates have taken the steam out of 2023's equities rally the past few months. But the recent rate pause could clear the path for gains in the S&P 500 for the remainder of the year.

08:34 11 Dec 2023 SPXL

SPY: The Calm Before The Storm

US equity markets remain near all-time highs despite mounting valuation and interest rate headwinds. Short interest in the SPDR® S&P 500 ETF Trust has fallen to its lowest level in decades, indicating widespread complacency.

08:32 11 Dec 2023 SPXL

Investor Optimism Takes a Hit to Start August

Investor optimism could be taking a hit as recession fears are still swirling about in the capital markets. This could be contributing to a slow start in August, which is historically a tepid market month.

10:15 11 Dec 2023 SPXL

SPXL: Long-Term Potential But Tread Carefully

SPXL is an ETF aiming to deliver 3 times the daily performance of the S&P 500 index through swaps and futures. The fund is highly volatile and not suitable for risk-averse investors, but may be useful for those with a short-term bullish market bias. However, SPXL can also be considered by some for long-term investing with the potential of market-beating returns. It's critical to make note of potential risks, however.

SPXL Financial details

Company Rating
-
Market Cap
3.42B
Income
-
Revenue
-
Book val./share
-
Cash/share
-
Dividend
0.21
Dividend %
0.89%
Employees
-
Optionable
No
Shortable
Yes
Earnings
-
P/E
0
Forward P/E
-
PEG
-
P/S
-
P/B
-
P/C
-
P/FCF
-
Quick Ratio
-
Current Ratio
-
Debt / Equity
-
LT Debt / Equity
-
-
-
EPS (TTM)
-
EPS next Y
-
EPS next Q
-
EPS this Y
-
EPS next Y
-
EPS next 5Y
-
EPS last 5Y
-
Revenue last 5Y
-
Revenue Q/Q
-
EPS Q/Q
-
-
-
-
-
SMA20
13.41%
SMA50
17.72%
SMA100
-1.06%
Inst Own
0%
Inst Trans
0%
ROA
-
ROE
-
ROC
-
Gross Margin
-
Oper. Margin
-
Profit Margin
-
Payout
-
Shs Outstand
35.89M
Shs Float
0
-
-
-
-
Target Price
-
52W Range
58.61-99.2
52W High
-3.8%
52W Low
+64.21%
RSI
70
Rel Volume
0.51
Avg Volume
10.82M
Volume
5.5M
Perf Week
1.41%
Perf Month
34.56%
Perf Quarter
10.39%
Perf Half Y
15.85%
-
-
-
-
Beta
3
-
-
Volatility
1.3%, 6.21%
Prev Close
0.96%
Price
95.2428
Change
2.73%

SPXL Financial Performance

SPXL Frequently Asked Questions

What is Direxion Daily S&P500 Bull 3X Shares stock symbol ?

Direxion Daily S&P500 Bull 3X Shares is a US stock and trading under the symbol SPXL

What is Direxion Daily S&P500 Bull 3X Shares stock quote today ?

Direxion Daily S&P500 Bull 3X Shares stock price is $95.2428 today.

Is Direxion Daily S&P500 Bull 3X Shares stock public?

Yes, Direxion Daily S&P500 Bull 3X Shares is a publicly traded company.

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