GUSH Stock Summary and Trading Ideas (Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X | ARCA:GUSH)

The Fund seeks daily investment results, before fees and expenses, of 200% of the performance of the S&P Oil & Gas Exploration & Production Select Industry Index. The S&P Oil & Gas Exploration & Production Select Industry Index (SPSIOPTR) is provided by Standard & Poor's Index Provider and includes domestic companies from the oil and gas exploration and production sub-industry. The Index is a modified equal-weighted index that is designed to measure the performance of a sub-industry or group of sub-industries determined based on the Global Industry Classification Standards (GICS).

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X trades on the ARCA stock market under the symbol GUSH.

As of May 22, 2024, GUSH stock price declined to $37.80 with 831,490 million shares trading.

GUSH has a beta of 1.06, meaning it tends to be more sensitive to market movements. GUSH has a correlation of 0.08 to the broad based SPY ETF.

GUSH has a market cap of $446.56 million. This is considered a Small Cap stock.

In the last 3 years, GUSH stock traded as high as $64.44 and as low as $12.75.

GUSH has outperformed the market in the last year with a return of +38.1%, while the SPY ETF gained +28.2%. In the last 3 month period, GUSH beat the market returning +13.2%, while SPY returned +6.9%. However, in the most recent 2 weeks GUSH has underperformed the stock market by returning -3.9%, while SPY returned +2.5%.

GUSH support price is $37.96 and resistance is $39.98 (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 GUSH stock will trade within this expected range on the day.