Direxion Daily Nyse Fang+ Bull 2x Shares ETF Forecast

Sell candidate since Jun 22, 2026 Loss -5.29%

The Direxion Daily NYSE FANG+ Bull 2X Shares ETF price fell by -5.29% on the last day (Tuesday, 23rd Jun 2026) from $228.36 to $216.27. During the last trading day the ETF fluctuated 3.84% from a day low at $216.27 to a day high of $224.57. The price has fallen in 7 of the last 10 days and is down by -7.17% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -12 thousand shares and in total, 12 thousand shares were bought and sold for approximately $2.65 million.

Given the current short-term trend, the ETF is expected to rise 46.49% during the next 3 months and, with a 90% probability hold a price between $316.82 and $433.66 at the end of this 3-month period.

FNGG Signals & Forecast

There are few to no technical positive signals at the moment. The Direxion Daily NYSE FANG+ Bull 2X Shares ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the ETF. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $230.48 and $236.97. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 01, 2026, and so far it has fallen -20.87%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Direxion Daily NYSE FANG+ Bull 2X Shares ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $203.57 and $202.10. 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 NYSE FANG+ Bull 2X Shares finds support just below today's level at $203.57. If this is broken, then the next support from accumulated volume will be at $202.10 and $194.47.

This ETF may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this ETF is considered to be "high risk". During the last day, the ETF moved $8.30 between high and low, or 3.84%. For the last week, the ETF has had daily average volatility of 4.48%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (FNGG) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Direxion Daily NYSE FANG+ Bull 2X Shares to open at $219.04, and during the day (based on 14 day Average True Range), to move between $210.37 and $222.17, which gives a possible trading interval of +/-$11.80 (+/-5.61%) up or down from last closing price. If Direxion Daily NYSE FANG+ Bull 2X Shares takes out the full calculated possible swing range there will be an estimated 5.61% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $227.82 (5.34%) than the support at $203.57 (5.87%), 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.

Dividend Warning For FNGG

Notice for FNGG: Ex-dividend date was Tuesday 23rd June, 2026. The dividend was $0.670.

Is Direxion Daily NYSE FANG+ Bull 2X Shares ETF A Buy?

The Direxion Daily NYSE FANG+ Bull 2X Shares ETF holds several negative signals and despite the positive trend, we believe Direxion Daily NYSE FANG+ Bull 2X Shares will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -2.775 Sell Candidate Upgraded

Predicted Fair Opening Price

Predicted fair opening price on June 24, 2026 - $219.04 ( 1.28%).

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