(GGLL) Direxion Daily GOOGL Bull - Ratings and Ratios

The Direxion Daily GOOGL Bull 1.5X Shares (GGLL) is an ETF designed to provide 1.5 times the daily return of Alphabet Inc.s (GOOGL) stock. To achieve this, the fund enters into swap agreements with major global financial institutions, effectively exchanging the returns on an investment in GOOGL for a return that is 150% of the funds net assets on a daily basis.

As a non-diversified ETF, GGLL focuses its investments on a single stock, GOOGL, which is a leader in the technology sector, operating in various segments including search, cloud computing, and advertising. The funds strategy is geared towards traders and investors who are bullish on GOOGL and seek to amplify their gains. However, this also means that the fund is subject to high volatility, as its returns are directly tied to the daily performance of GOOGL.

Analyzing the technical data, we observe that GGLLs last price is $28.95, slightly above its 20-day Simple Moving Average (SMA) of $28.89, indicating a potential short-term bullish trend. However, the 50-day SMA ($30.46) and 200-day SMA ($37.44) are both above the current price, suggesting a longer-term bearish trend. The Average True Range (ATR) of 2.15, representing 7.42% of the last price, highlights the ETFs volatility.

Considering the fundamental data, GGLL has Assets Under Management (AUM) of $217.24M USD, indicating a moderate level of investor interest. Given the current technical and fundamental conditions, a forecast for GGLL could be influenced by GOOGLs future performance. If GOOGL experiences a significant surge, GGLL is poised to benefit due to its leveraged nature. Conversely, a decline in GOOGL could result in substantial losses for GGLL.

To forecast GGLLs future price, we need to consider both the technical and fundamental data. If GOOGLs price increases, GGLLs price is likely to increase by 1.5 times the percentage change in GOOGLs price. For instance, if GOOGL rises by 10%, GGLL could potentially rise by 15%. Conversely, if GOOGL falls by 10%, GGLL could decline by 15%. Given the current SMA trends, a potential short-term target for GGLL could be a move towards its 50-day SMA ($30.46), representing a gain of approximately 5.2% from the current price. However, this would require a corresponding move in GOOGL.