(TSLL) Direxion Daily TSLA - Ratings and Ratios

The Direxion Daily TSLA Bull 1.5X Shares ETF is designed to provide 1.5 times the daily return of Tesla (TSLA) stock. To achieve this, the fund invests at least 80% of its net assets in TSLA securities and employs financial instruments like swap agreements and options to amplify its exposure. As a non-diversified fund, its performance is heavily tied to the fortunes of a single stock, making it a high-risk, high-reward investment.

Given its leveraged nature, TSLL is not suitable for long-term investors seeking stable returns. Instead, its geared towards active traders who can closely monitor market movements and adjust their positions accordingly. The funds reliance on derivatives and leverage means its value can fluctuate significantly, even with small changes in TSLAs stock price.

Analyzing the , we see that TSLLs last price is $10.50, significantly lower than its 20-day SMA of $14.17 and 200-day SMA of $15.92, indicating a downtrend. The Average True Range (ATR) of 1.37, representing 13.06% of the last price, suggests high volatility. Considering TSLAs stock price movements and the funds leveraged exposure, we can expect TSLLs price to be highly sensitive to TSLAs daily fluctuations.

Using both and , we can forecast that TSLLs price will continue to be highly volatile, influenced by TSLAs stock performance. With an AUM of $6750.41M USD, the fund has a substantial investor base, which could contribute to liquidity but also amplify the impact of market sentiment on its price. If TSLAs stock price surges, TSLL is likely to experience a significant increase, potentially breaking its 52-week high of $39.61. Conversely, a decline in TSLAs stock could lead to a substantial drop in TSLLs price, potentially testing its 52-week low of $6.75. Traders should closely monitor TSLAs price movements and adjust their strategies accordingly to manage risk.