METU Stock Summary and Trading Ideas (Direxion Daily Meta Bull 2X | NASDAQ:METU)

The Direxion Daily META Bull 2X Shares (METU) seeks 200% daily leveraged investment results and thus will have an increase of volatility relative to the underlying META performance itself. Longer holding periods, higher volatility of META and leverage increase the impact of compounding on an investor's returns. During periods of higher META volatility, the volatility of META may affect the fund's performance.

Direxion Daily Meta Bull 2X trades on the NASDAQ stock market under the symbol METU.

As of January 3, 2025, METU stock price climbed to $35.40 with 265,186 million shares trading.

METU has a beta of 2.10, meaning it tends to be more sensitive to market movements. METU has a correlation of 0.24 to the broad based SPY ETF.

METU has a market cap of $46.02 million. This is considered a Sub-Micro Cap stock.

METU support price is $33.64 and resistance is $36.04 (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 METU shares will trade within this expected range on the day.