MEXX Stock Summary and Trading Ideas (Direxion Daily MSCI Mexico Bull 3X | ARCA:MEXX)

The Direxion Daily MSCI Mexico Bull 3X Shares seeks daily investment results, before fees and expenses, of 300% of the performance of the MSCI Mexico IMI 25-50 Net Total Return USD Index. The MSCI Mexico IMI 25/50 Index (M1CXBLRL) is designed to measure the performance of the large-, mid- and small-capitalization segments of the Mexican equity market, covering approximately 99% of the free float-adjusted market capitalization in Mexico. The Index consists of stocks traded primarily on the Mexican Stock Market.

Direxion Daily MSCI Mexico Bull 3X trades on the ARCA stock market under the symbol MEXX.

As of April 25, 2024, MEXX stock price declined to $28.90 with 2,289 million shares trading.

MEXX has a market cap of $13.47 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, MEXX stock traded as high as $37.44 and as low as $11.63.

MEXX has underperformed the market in the last year with a price return of +5.6% while the SPY ETF gained +22.7%. MEXX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.8% and -14.2%, respectively, while the SPY returned +3.2% and -2.8%, respectively.

MEXX support price is $28.56 and resistance is $30.66 (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 MEXX stock will trade within this expected range on the day.