TSLT Stock Summary and Trading Ideas (T-Rex 2X Long Tesla Daily Target ETF | NASDAQ:TSLT)

The T-REX 2X Long Tesla Daily Target ETF (the "Fund") seeks daily leveraged investment results and is very different from most other exchange-traded funds. As a result, the Fund may be riskier than alternatives that do not use leverage because the Fund's objective is to magnify (200%) the daily performance of the publicly-traded common stock of Tesla, Inc. (NASDAQ: TSLA).

T-Rex 2X Long Tesla Daily Target ETF trades on the NASDAQ stock market under the symbol TSLT.

As of December 13, 2024, TSLT stock price climbed to $45.63 with 3,638,341 million shares trading.

TSLT has a beta of 4.39, meaning it tends to be more sensitive to market movements. TSLT has a correlation of 0.18 to the broad based SPY ETF.

TSLT has a market cap of $787.12 million. This is considered a Small Cap stock.

TSLT has outperformed the market in the last year with a price return of +98.4% while the SPY ETF gained +29.9%. TSLT has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +206.4% and +56.9%, respectively, while the SPY returned +7.8% and +0.3%, respectively.

TSLT support price is $39.11 and resistance is $44.94 (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 TSLT shares will trade within this expected range on the day.