RETL Stock Summary and Trading Ideas (Direxion Daily Retail Bull 3X ETF | ARCA:RETL)

The Direxion Daily Retail Bull 3X Shares seeks daily investment results, before fees and expenses, of 300% of the performance of the S&P Retail Select Industry Index. There is no guarantee the fund will meet its stated investment objective.

Direxion Daily Retail Bull 3X ETF trades on the ARCA stock market under the symbol RETL.

As of April 19, 2024, RETL stock price climbed to $8.12 with 157,185 million shares trading.

RETL has a beta of 3.19, meaning it tends to be more sensitive to market movements. RETL has a correlation of 0.39 to the broad based SPY ETF.

RETL has a market cap of $46.46 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, RETL stock traded as high as $56.42 and as low as $4.83.

RETL has underperformed the market in the last year with a price return of +17.7% while the SPY ETF gained +21.2%. However, in the short term, RETL had mixed performance relative to the market. It has outperformed in the last 3 months, returning +6.9% vs +4.3% return in SPY. But in the last 2 weeks, RETL shares have been beat by the market, returning -13.5% compared to an SPY return of -3.5%.

RETL support price is $7.61 and resistance is $8.29 (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 RETL stock will trade within this expected range on the day.