Direxion Daily Homebuilders & Supplies Bull 3X Shares NAIL
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) Investment Strategy and Portfolio Holdings Overview
The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index measures U.S. companies in the home construction sector that provide a wide range of products and services related to homebuilding, including home construction and producers, sellers and suppliers of building materials, furnishings and fixtures and etc. It is non-diversified.
Key Insights
Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) Essential ETF Metrics and Performance Data
Latest Closing Price
$81.07Market Cap
$243.25 MillionAverage Daily Volume
476,160 Shares52-Week Range
$39.85-$178.00Total Outstanding Shares
7.05 Million SharesCurrent Dividend
$0.19 Per Share QuarterlyInception Date
August 19, 2015