Direxion Daily Googl Bear 1x Shares ETF Forecast

Buy or Hold candidate since Jun 05, 2026 Gain 5.17%

The Direxion Daily GOOGL Bear 1X Shares ETF price gained 5.17% on the last trading day (Monday, 22nd Jun 2026), rising from $5.61 to $5.90. During the last trading day the ETF fluctuated 4.45% from a day low at $5.76 to a day high of $6.01. The price has fallen in 6 of the last 10 days but is still up by 5.17% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 443 thousand more shares were traded than the day before. In total, 14 million shares were bought and sold for approximately $82.56 million.

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 $5.98 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 -23.66% during the next 3 months and, with a 90% probability hold a price between $3.33 and $4.57 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.

GGLS Signals & Forecast

The Direxion Daily GOOGL Bear 1X Shares ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the ETF. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $5.69 and $5.46. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 13, 2026, and so far it has risen 14.79%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Direxion Daily GOOGL Bear 1X Shares ETF

Direxion Daily GOOGL Bear 1X Shares finds support from accumulated volume at $5.61 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 $0.256 between high and low, or 4.45%. For the last week, the ETF has had daily average volatility of 2.92%.

Our recommended stop-loss: $5.67 (-3.97%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 26 days ago.)

Trading Expectations (GGLS) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Direxion Daily GOOGL Bear 1X Shares to open at $5.89, and during the day (based on 14 day Average True Range), to move between $5.81 and $5.99, which gives a possible trading interval of +/-$0.182 (+/-3.14%) up or down from last closing price. If Direxion Daily GOOGL Bear 1X Shares takes out the full calculated possible swing range there will be an estimated 3.14% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $5.98 (1.36%) than the support at $5.61 (4.92%), 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 GOOGL Bear 1X Shares ETF A Buy?

Direxion Daily GOOGL 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold candidate.

Current score: 0.901 Hold/Accumulate Downgraded

Predicted Fair Opening Price

Predicted fair opening price on June 23, 2026 - $5.89 ( 0.192%).

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