TECL Stock Summary and Trading Ideas (Direxion Daily Technology Bull 3X | ARCA:TECL)

The Direxion Daily Technology Bull & Bear 3x Shares seek daily investment results, before fees and expenses, of 300% or 300% of the inverse (or opposite) of the performance of the S&P Technology Select Sector Index. There is no guarantee the funds will meet their stated investment objectives. The Index is calculated by the using a modified market capitalization methodology, which is a hybrid between equal weighting and conventional capitalization weighting with the weighting capped for the largest stocks included in the Index. Each stock in the S&P 500 Index is allocated to one and only one of the Select Sector Indexes & each of the component securities in the Index is a constituent company of the S&P 500.

Direxion Daily Technology Bull 3X trades on the ARCA stock market under the symbol TECL.

As of April 24, 2024, TECL stock price climbed to $66.93 with 1,438,483 million shares trading.

TECL has a beta of 4.01, meaning it tends to be more sensitive to market movements. TECL has a correlation of 0.72 to the broad based SPY ETF.

TECL has a market cap of $2.74 billion. This is considered a Mid Cap stock.

In the last 3 years, TECL stock traded as high as $91.04 and as low as $18.09.

TECL has outperformed the market in the last year with a return of +94.6%, while the SPY ETF gained +23.8%. However, in the most recent history, TECL shares have underperformed the stock market with its stock returning -11.5% in the last 3 month period and -14.7% for the last 2 week period, while SPY has returned +4.2% and -3.0%, respectively.

TECL support price is $64.22 and resistance is $69.17 (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 TECL stock will trade within this expected range on the day.