WANT Stock Summary and Trading Ideas (Direxion Daily Consumer Discretionary Bull 3X | ARCA:WANT)

The Direxion Daily Consumer Discretionary Bull and 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 Consumer Discretionary Select Sector Index. The Consumer Discretionary Select Sector Index (IXYTR) is provided by S&P Dow Jones Indices and includes domestic companies from the consumer discretionary sector which includes the following industries: media; retail (specialty, multiline, internet & catalog); hotels, restaurants & leisure; textiles, apparel & luxury goods; household durables; automobiles; automobile components; distributors; leisure equipment & products; and diversified consumer services.

Direxion Daily Consumer Discretionary Bull 3X trades on the ARCA stock market under the symbol WANT.

As of April 18, 2024, WANT stock price declined to $28.35 with 14,541 million shares trading.

WANT has a beta of 3.74, meaning it tends to be more sensitive to market movements. WANT has a correlation of 0.71 to the broad based SPY ETF.

WANT has a market cap of $22.68 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, WANT stock traded as high as $111.46 and as low as $14.95.

WANT has outperformed the market in the last year with a return of +27.5%, while the SPY ETF gained +22.3%. However, in the most recent history, WANT shares have underperformed the stock market with its stock returning -6.0% in the last 3 month period and -14.6% for the last 2 week period, while SPY has returned +6.1% and -3.8%, respectively.

WANT support price is $27.95 and resistance is $29.97 (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 WANT stock will trade within this expected range on the day.