Stock Report and Technical Watch for Direxion Daily Healthcare Bull 3X ETF (:CURE): Fibonacci Pivot at 53.31333

Investors may be trying to gauge the current business cycle phase and how that could potentially impact the portfolio. Business cycles can be one way to analyze portfolio performance. Early on in the cycle, profits tend to grow rapidly, sales tend to improve, and activity rebounds. In the middle of a cycle, growth may be peaking, strong credit growth may still be seen, and policy may swing neutral. Toward the later stages, growth may be moderate, earnings may come under pressure, and credit may tighten. Heading into a period of recession, credit may completely dry up, profits may decline sharply, and there may be policy easing. Investors will often have to adjust portfolio holdings that reflect the current state of a business cycle.

Following recent trading activity, we note that Direxion Daily Healthcare Bull 3X ETF (:CURE) has seen a move of 0.28870443% since the open. The prior close was 55.58 and the one month high price is currently 58.83. 

Traders using technical analysis may be employing moving average indicators to assist with gauging a certain market move or to indicate its strength. Many traders will rely on the EMA or Exponential Moving Average to accomplish this. Checking on some recent levels for Direxion Daily Healthcare Bull 3X ETF (:CURE), we can see that the 10 day EMA is 54.64459, the 20 day is 54.518757, and the 30 day is 54.572. Pulling back a bit, we note that the 100 day EMA is 53.892868, the 50 day is 54.38029, and the 200 day EMA is 54.002354.

After a recent check, we see that the Bull Bear Power reading is 1.892983. Moving to some volatility readings, we see that the current value is 1.7231997. Looking out for the week, volatility is 2.708375. For the previous month, volatility is at 2.8530853. Investors often track volatility across sectors to compare with the overall volatility in the market.

A good way for investors to understand stock price movements is to look at how it has performed at various intervals in the past. Tracking shares of Direxion Daily Healthcare Bull 3X ETF (:CURE), we see that the most recent close price was 55.58
Year-to-date: 16.915318
Prior week: 7.7668023
Prior month: 1.9234293
Last 6 months:-7.651452
Last 3 months: -1.3650062

Traders use pivot point analysis to help determine key levels where a stock price may react. Tracking these turn around levels may help the trader while attempting stock analysis. Looking at some current one month pivots, we note that the Fibonacci pivot is 53.31333 while the Fibonacci support 1 pivot is 50.047234, and the Fibonacci support 2 is 48.029434. Checking on the one month Woodie pivot, we note the level at 52.8775. The Woodie support 1 pivot is 47.185, and the Woodie resistance 1 pivot is 55.735.

Investors might be looking around every corner when analyzing shares of Direxion Daily Healthcare Bull 3X ETF (:CURE). Many investors will closely track a stock when it nears a major historical high or low point. Let’s take a quick peek at some major historical highs and lows for the stock:

All time high: 68.58
All time low: 2.95375
52 week high: 68.58
52 week low: 38.8483
6 month high: 68.58
6 month low: 38.98
3 month high: 60.0878
3 month low: 38.98
One month high: 58.83
One month low: 50

Stock market investing can indeed tug on an individual’s emotional strings. When the market becomes tumultuous, investors may be tempted to act impulsively, or they may freeze and not act at all. Being prepared for various scenarios may help the investor better deal with the market when the time comes. Staying disciplined with portfolio rebalancing and asset allocation may be a big help for the individual investor. Investors who constantly try to outguess the market and chase winners may eventually find themselves swimming upstream. Staying the course and keeping a logical perspective may assist the investor with making the tricky portfolio decisions when necessary.  

Shifting the technical focus to Keltner Channels, we see that the 20 day upper envelope is 55.5275. The 20 day lower envelope is currently 53.51001. Traders may be watching for a breakthrough of the higher or lower Keltner bands.