TNA Stock Summary and Trading Ideas (Direxion Daily Small Cap Bull 3X | ARCA:TNA)

The Small Cap Bull 3X ETF seeks daily investment results before fees and expenses of 300% of the price performance of the Russell 2000 Index (Small Cap Index). There is no guarantee the fund will meet its stated investment objective.

Direxion Daily Small Cap Bull 3X trades on the ARCA stock market under the symbol TNA.

As of November 6, 2024, TNA stock price climbed to $53.38 with 25,254,330 million shares trading.

TNA has a beta of 3.26, meaning it tends to be more sensitive to market movements. TNA has a correlation of 0.44 to the broad based SPY ETF.

TNA has a market cap of $2.75 billion. This is considered a Mid Cap stock.

In the last 3 years, TNA traded as high as $114.31 and as low as $21.58.

TNA has outperformed the market in the last year with a price return of +107.3% while the SPY ETF gained +37.3%. TNA has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +47.8% and +24.6%, respectively, while the SPY returned +13.5% and +2.3%, respectively.

TNA support price is $43.69 and resistance is $47.31 (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 TNA shares will trade within this expected range on the day.