TECS Stock Summary and Trading Ideas (Direxion Daily Technology Bear 3X | ARCA:TECS)

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 Bear 3X trades on the ARCA stock market under the symbol TECS.

As of April 18, 2024, TECS stock price climbed to $9.13 with 35,674,560 million shares trading.

TECS has a beta of -3.82, meaning it tends to be less sensitive to market movements. TECS has a correlation of 0.68 to the broad based SPY ETF.

TECS has a market cap of $112.30 million. This is considered a Micro Cap stock.

In the last 3 years, TECS stock traded as high as $75.20 and as low as $7.25.

TECS has underperformed the market in the last year with a return of -56.8%, while the SPY ETF gained +22.3%. In the last 3 month period, TECS fell short of the market, returning -8.0%, while SPY returned +6.1%. However, in the most recent 2 weeks TECS has outperformed the stock market by returning +17.2%, while SPY returned -3.8%.

TECS support price is $8.50 and resistance is $9.12 (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 TECS stock will trade within this expected range on the day.