FAS Stock Summary and Trading Ideas (Direxion Daily Financial Bull 3X | ARCA:FAS)

The Direxion Daily Financial Bull (FAS) and Bear (FAZ) 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the of the performance of the Financial Select Sector TR Index (IXMTR). The Financial Select Sector TR Index (IXMTR) is provided by S&P Dow Jones Indices and includes securities of companies from the following industries: Banks; Thrifts & Mortgage Finance; Diversified Financial Services; Consumer Finance; Capital Markets; Insurance; and Mortgage Real Estate Investment Trusts (REITs). August 1st, Direxion Daily Financial Bull 3x Shares (FAS) changed its index from the Russell 1000 Financials 40 Act 15/22.5 Daily Capped Index to the Financials Select Sector Index.

Direxion Daily Financial Bull 3X trades on the ARCA stock market under the symbol FAS.

As of January 6, 2025, FAS stock price declined to $151.38 with 720,180 million shares trading.

FAS has a beta of 1.74, meaning it tends to be more sensitive to market movements. FAS has a correlation of 0.32 to the broad based SPY ETF.

FAS has a market cap of $2.51 billion. This is considered a Mid Cap stock.

In the last 3 years, FAS traded as high as $184.88 and as low as $48.73.

FAS has outperformed the market in the last year with a return of +87.2%, while the SPY ETF gained +28.5%. In the last 3 month period, FAS beat the market returning +20.1%, while SPY returned +5.2%. However, in the most recent 2 weeks FAS has underperformed the stock market by returning +0.2%, while SPY returned +0.7%.

FAS support price is $148.81 and resistance is $157.63 (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 FAS shares will trade within this expected range on the day.