Direxion Daily S&p Biotech Bear 3x Etf ETF Forecast

Sell candidate since Jun 11, 2026

The Direxion Daily S&P Biotech Bear 3X ETF price fell by -9.23% on the last day (Thursday, 11th Jun 2026) from $14.85 to $13.48. During the last trading day the ETF fluctuated 12.97% from a day low at $13.26 to a day high of $14.98. The price has been going up and down for this period, and there has been a 3.69% gain for the last 2 weeks. Volume has increased on the last day by 4 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 9 million shares were bought and sold for approximately $119.75 million.

The ETF lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -26.22% during the next 3 months and, with a 90% probability hold a price between $6.74 and $12.04 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.

LABD Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 17, 2026, and so far it has risen 6.73%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Direxion Daily S&P Biotech Bear 3X ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the ETF. On corrections up, there will be some resistance from the lines at $14.36 and $14.18. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.

Support, Risk & Stop-loss for Direxion Daily S&P Biotech Bear 3X ETF

Direxion Daily S&P Biotech Bear 3X finds support from accumulated volume at $13.46 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $1.72 between high and low, or 12.97%. For the last week, the ETF has had daily average volatility of 11.19%.

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

Trading Expectations (LABD) For The Upcoming Trading Day Of Friday 12th

For the upcoming trading day on Friday, 12th we expect Direxion Daily S&P Biotech Bear 3X ETF to open at $13.91, and during the day (based on 14 day Average True Range), to move between $12.83 and $14.13, which gives a possible trading interval of +/-$1.29 (+/-10.06%) up or down from last closing price. If Direxion Daily S&P Biotech Bear 3X ETF takes out the full calculated possible swing range there will be an estimated 10.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $13.46 (0.15%) than the resistance at $14.31 (6.16%), 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 S&P Biotech Bear 3X ETF ETF A Buy?

Direxion Daily S&P Biotech Bear 3X holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold to a Sell candidate.

Current score: -4.295 Sell Candidate Downgraded

Predicted Fair Opening Price

Predicted fair opening price on June 12, 2026 - $13.91 ( 3.17%).

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