INDL Stock Summary and Trading Ideas (Direxion Daily MSCI India Bull 2X | ARCA:INDL)

The Direxion Daily MSCI India Bull 2x Shares seeks daily investment results, before fees and expenses, of 200% of the performance of the MSCI India Index. There is no guarantee this fund will meet its stated investment objective. The MSCI India Index is provided by MSCI Inc. and is designed to measure the performance of the large- and mid-capitalization equity securities of the Indian market. Securities are selected based on the MSCI Global Investable Indexes Methodology as defined by the Index Provider. All component securities in the Index are classified per the Global Industry Classification Standard (GICS).

Direxion Daily MSCI India Bull 2X trades on the ARCA stock market under the symbol INDL.

As of December 13, 2024, INDL stock price climbed to $66.04 with 31,369 million shares trading.

INDL has a beta of 0.83, meaning it tends to be less sensitive to market movements. INDL has a correlation of 0.18 to the broad based SPY ETF.

INDL has a market cap of $95.74 million. This is considered a Micro Cap stock.

In the last 3 years, INDL traded as high as $78.00 and as low as $36.96.

INDL has underperformed the market in the last year with a return of +25.0%, while the SPY ETF gained +31.7%. In the last 3 month period, INDL fell short of the market, returning -9.4%, while SPY returned +8.4%. However, in the most recent 2 weeks INDL has outperformed the stock market by returning +2.2%, while SPY returned +0.9%.

INDL support price is $64.71 and resistance is $66.35 (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 INDL shares will trade within this expected range on the day.