Direxion Daily Avgo Bear 1x Shares ETF Forecast

Buy candidate since Jun 05, 2026

The Direxion Daily Avgo Bear 1x Shares ETF price gained 8.12% on the last trading day (Friday, 5th Jun 2026), rising from $7.27 to $7.86. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 5.78% from a day low at $7.44 to a day high of $7.87. The price has been going up and down for this period, and there has been a 4.8% gain for the last 2 weeks. Volume fell on the last day by -2 million shares and in total, 25 million shares were bought and sold for approximately $194.80 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The ETF lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $8.07 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -31.47% during the next 3 months and, with a 90% probability hold a price between $4.29 and $5.53 at the end of this 3-month period. Do note, that if the ETF price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

AVS Signals & Forecast

The Direxion Daily Avgo Bear 1x Shares ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the ETF, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $7.00 and $7.39. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 02, 2026, and so far it has risen 22.24%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Direxion Daily Avgo Bear 1x Shares ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $7.27 and $6.47. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Direxion Daily Avgo Bear 1x Shares finds support just below today's level at $7.27. If this is broken, then the next support from accumulated volume will be at $6.47 and $6.43.

This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.430 between high and low, or 5.78%. For the last week, the ETF has had daily average volatility of 4.89%.

Our recommended stop-loss: $7.60 (-3.32%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (AVS) For The Upcoming Trading Day Of Monday 8th

For the upcoming trading day on Monday, 8th we expect Direxion Daily Avgo Bear 1x Shares to open at $7.72, and during the day (based on 14 day Average True Range), to move between $7.68 and $8.04, which gives a possible trading interval of +/-$0.369 (+/-4.80%) up or down from last closing price. If Direxion Daily Avgo Bear 1x Shares takes out the full calculated possible swing range there will be an estimated 4.80% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $7.27 (7.51%) than the resistance at $9.31 (18.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Direxion Daily Avgo Bear 1x Shares ETF A Buy?

Several short-term signals are positive, despite the ETF being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold to a Buy candidate.

Current score: 3.411 Buy Candidate Upgraded

Predicted Fair Opening Price

Predicted fair opening price on June 8, 2026 - $7.72 ( 1.74%).

Want to trade but not sure how? Our step-by-step guide can help.
Skip the guide? Open account with our trusted broker*
*Your capital is at risk