Direxion Daily Avgo Bear 1x Shares ETF Forecast

Hold candidate since Jul 28, 2026

The Direxion Daily Avgo Bear 1x Shares ETF price gained 0.91% on the last trading day (Tuesday, 28th Jul 2026), rising from $7.70 to $7.77. During the last trading day the ETF fluctuated 3.66% from a day low at $7.65 to a day high of $7.93. The price has been going up and down for this period, and there has been a 2.24% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 19 million shares were bought and sold for approximately $144.81 million.

The ETF lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 6.42% during the next 3 months and, with a 90% probability hold a price between $7.18 and $8.94 at the end of this 3-month period.

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 $7.66 and $7.77. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, July 02, 2026, and so far it has fallen -5.93%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Friday, July 24, 2026 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

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

Direxion Daily Avgo Bear 1x Shares finds support from accumulated volume at $7.63 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.280 between high and low, or 3.66%. For the last week, the ETF has had daily average volatility of 3.58%.

Our recommended stop-loss: $7.44 (-4.30%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 17 days ago.)

Trading Expectations (AVS) For The Upcoming Trading Day Of Wednesday 29th

For the upcoming trading day on Wednesday, 29th we expect Direxion Daily Avgo Bear 1x Shares to open at $7.78, and during the day (based on 14 day Average True Range), to move between $7.61 and $7.93, which gives a possible trading interval of +/-$0.312 (+/-4.10%) 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 4.10% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $7.83 (0.77%) than the support at $7.63 (1.80%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

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

Direxion Daily Avgo Bear 1x Shares holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Strong Sell to a Hold candidate.

Current score: 0.122 Hold/Accumulate Upgraded

Predicted Fair Opening Price

Predicted fair opening price on July 29, 2026 - $7.78 ( 0.172%).

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