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 November 27, 2024, PILL stock price climbed to $8.95 with 49,307 million shares trading.

PILL has a beta of 2.25, meaning it tends to be more sensitive to market movements. PILL has a correlation of 0.26 to the broad based SPY ETF.

PILL has a market cap of $14.32 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, PILL traded as high as $17.68 and as low as $4.57.

PILL has outperformed the market in the last year with a return of +62.5%, while the SPY ETF gained +33.1%. In the last 3 month period, PILL beat the market returning +7.5%, while SPY returned +7.1%. However, in the most recent 2 weeks PILL has underperformed the stock market by returning -8.8%, while SPY returned +0.3%.

PILL support price is $8.33 and resistance is $8.99 (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 shares will trade within this expected range on the day.