DPST Stock Summary and Trading Ideas (Direxion Daily Regional Banks Bull 3X | ARCA:DPST)

The Direxion Daily Regional Banks Bull and Bear 3x Shares seeks daily investment results, before fees and expenses, of 300% or 300% of the inverse (or opposite) of the performance of the S&P Regional Banks Select Industry Index. The S&P Regional Banks Select Industry Index is a modified equal-weighted index that is designed to measure performance of the stocks comprising the S&P Total Market Index that are classified in the Global Industry Classification Standard (GICS) regional banks sub-industry. To be eligible for inclusion in the Index, stocks must satisfy one of the two following combined size and liquidity criteria: (1) float-adjusted market capitalization above $500 million and float-adjusted liquidity ratio above 90% or (2) float-adjusted market capitalization above $400 million and float-adjusted liquidity ratio above 150%. The Index is rebalanced quarterly.

Direxion Daily Regional Banks Bull 3X trades on the ARCA stock market under the symbol DPST.

As of April 26, 2024, DPST stock price declined to $68.10 with 683,341 million shares trading.

DPST has a beta of 4.28, meaning it tends to be more sensitive to market movements. DPST has a correlation of 0.28 to the broad based SPY ETF.

DPST has a market cap of $675.82 million. This is considered a Small Cap stock.

In the last 3 years, DPST stock traded as high as $676.90 and as low as $34.60.

DPST has underperformed the market in the last year with a return of +14.2%, while the SPY ETF gained +26.8%. In the last 3 month period, DPST fell short of the market, returning -25.9%, while SPY returned +4.5%. However, in the most recent 2 weeks DPST has outperformed the stock market by returning +7.0%, while SPY returned -1.9%.

DPST support price is $65.76 and resistance is $72.90 (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 DPST stock will trade within this expected range on the day.