AAPU Stock Summary and Trading Ideas (Direxion Daily Aapl Bull 1.5X | NASDAQ:AAPU)

The Direxion Daily AAPL Bull 1.5X Shares (AAPU) seeks 150% daily leveraged investment results and thus will have an increase of volatility relative to the underlying AAPL performance itself. As a result, the fund may be riskier than alternatives that do not use leverage because the fund's objective is to magnify the daily performance of the common shares of Apple Inc. (NASDAQ: AAPL). The return for investors that invest for periods longer or shorter than a trading day should not be expected to be 150% of the performance of AAPL for the period. The return of the fund for a period longer than a trading day will be the result of each trading day's compounded return over the period, which will very likely differ from 150% of the return of AAPL for that period. Longer holding periods, higher volatility of AAPL and leverage increase the impact of compounding on an investor's returns. During periods of higher AAPL volatility, the volatility of AAPL may affect the fund's performance.

Direxion Daily Aapl Bull 1.5X trades on the NASDAQ stock market under the symbol AAPU.

As of April 23, 2024, AAPU stock price climbed to $21.19 with 275,475 million shares trading.

AAPU has a beta of 1.78, meaning it tends to be more sensitive to market movements. AAPU has a correlation of 0.39 to the broad based SPY ETF.

AAPU has a market cap of $54.56 million. This is considered a Micro Cap stock.

AAPU has underperformed the market in the last year with a price return of -6.1% while the SPY ETF gained +24.3%. AAPU has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -22.7% and -2.7%, respectively, while the SPY returned +4.9% and -2.5%, respectively.

AAPU support price is $20.50 and resistance is $21.38 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AAPU stock will trade within this expected range on the day.