PILL Stock Summary and Trading Ideas (Direxion Daily Pharmaceutical & Medical Bull 3X | ARCA:PILL)

The Direxion Daily Pharmaceutical & Medical Bull 3X Shares seek daily investment results, before fees and expenses of 300% of the performance of the S&P Pharmaceuticals Select Industry Index. The S&P Pharmaceuticals Select Industry Index is a modified equal-weighted index that is designed to measure performance of the stocks comprising the S&P Total Market Index that are classified in the Global Industry Classification Standard (GICS) pharmaceuticals sub-industry. To be eligible for inclusion in the Index, stocks must satisfy one of the following combined size and liquidity criteria: (1) have a float-adjusted market capitalization above $300 million with a float-adjusted liquidity ratio (defined by dollar value traded over the previous 12 months divided by the float-adjusted market capitalization as of the Index rebalancing reference date) above 50%; (2) have a float-adjusted market capitalization above $500 million with a float-adjusted liquidity ratio above 90%; or (3) have a float-adjusted market capitalization above $400 million with a float-adjusted liquidity ratio above 150%. The Index is rebalanced quarterly.

Direxion Daily Pharmaceutical & Medical Bull 3X trades on the ARCA stock market under the symbol PILL.

As of April 19, 2024, PILL stock price declined to $5.95 with 120,439 million shares trading.

PILL has a beta of 2.69, meaning it tends to be more sensitive to market movements. PILL has a correlation of 0.34 to the broad based SPY ETF.

PILL has a market cap of $11.31 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, PILL stock traded as high as $26.00 and as low as $4.57.

PILL has underperformed the market in the last year with a price return of -32.6% while the SPY ETF gained +21.2%. PILL has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -20.3% and -19.2%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

PILL support price is $5.86 and resistance is $6.28 (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 PILL stock will trade within this expected range on the day.