WFH Stock Summary and Trading Ideas (Direxion Work From Home ETF | ARCA:WFH)

The Direxion Work From Home ETF offers exposure to companies across four technology pillars, allowing investors to gain exposure to those companies that stand to benefit from an increasingly flexible work environment. The four pillars include Cloud Technologies, Cybersecurity, Online Project and Document Management, and Remote Communications. Companies are selected for inclusion in the index by ARTIS, a proprietary natural language processing algorithm, which uses key words to evaluate large volumes of publicly available information, such as annual reports, business descriptions and financial news. The Index consists of 40 companies, namely, the top 10 ranked companies in each of the four WFH Industries.

Direxion Work From Home ETF trades on the ARCA stock market under the symbol WFH.

As of December 13, 2024, WFH stock price declined to $67.44 with 221 million shares trading.

WFH has a market cap of $26.98 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, WFH traded as high as $76.05 and as low as $38.56.

WFH has underperformed the market in the last year with a return of +28.2%, while SPY returned +29.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in WFH shares. However, WFH has outperformed the market in the last 3 month and 2 week periods, returning +20.2% and +4.2%, while SPY returned +7.8% and +0.3%, respectively. This indicates WFH has been having a stronger performance recently.

WFH support price is $66.78 and resistance is $68.45 (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 WFH shares will trade within this expected range on the day.