(EVAV) Direxion Daily Electric - Ratings and Ratios

The Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV) is a leveraged exchange-traded fund designed to provide twice the daily return of the electric and autonomous vehicles sector. The fund focuses on companies involved in electric vehicle manufacturing, autonomous driving technologies, and related infrastructure. It achieves its 2X leverage through the use of derivatives such as swap agreements and other financial instruments. The fund is non-diversified, meaning it can concentrate its investments in a smaller number of securities, which may increase risk. EVAV is listed on the NYSE Arca under the ticker symbol EVAV and is categorized as a trading--leveraged equity ETF.

Based on the provided data, the 3-month forecast for EVAV suggests potential volatility due to the sectors sensitivity to market conditions. The funds technical indicators show a last price of 20.27, with SMA20 at 21.62 and SMA50 at 23.31, indicating recent downward momentum. The SMA200 at 19.46 suggests longer-term support near current levels. The ATR of 1.80 signals moderate volatility. Fundamentally, the AUM of 4.96M USD indicates a smaller fund size, which may impact liquidity. The average 20-day volume of 7,750 shares further highlights limited trading activity. These factors collectively point to a challenging environment for EVAV, with possible resistance at higher SMAs and continued volatility driven by sector-specific and broader market trends.