Direxion Daily Nflx Bull 2x Shares ETF Forecast

Hold candidate since Jul 02, 2026

The Direxion Daily Nflx Bull 2x Shares ETF price gained 9.10% on the last trading day (Thursday, 2nd Jul 2026), rising from $16.81 to $18.34. During the last trading day the ETF fluctuated 9.23% from a day low at $17.12 to a day high of $18.70. The price has fallen in 6 of the last 10 days and is down by -0.43% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 875 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $58.97 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 -44.21% during the next 3 months and, with a 90% probability hold a price between $7.81 and $12.38 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.

NFXL Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 25, 2026, and so far it has risen 18.78%. 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. The Direxion Daily Nflx Bull 2x Shares ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the ETF. On further gains, the ETF will meet resistance from the long-term Moving Average at $20.79. On a fall, the ETF will find some support from the short-term average at $16.48. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Direxion Daily Nflx Bull 2x Shares ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $16.81 and $16.66. 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 Nflx Bull 2x Shares finds support just below today's level at $16.81. If this is broken, then the next support from accumulated volume will be at $16.66 and $16.43.

This ETF may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this ETF is considered to be "very high risk". During the last day, the ETF moved $1.58 between high and low, or 9.23%. For the last week, the ETF has had daily average volatility of 7.39%.

Our recommended stop-loss: $17.57 (-4.20%) (This ETF has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (NFXL) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Direxion Daily Nflx Bull 2x Shares to open at $18.05, and during the day (based on 14 day Average True Range), to move between $17.71 and $18.97, which gives a possible trading interval of +/-$1.25 (+/-7.06%) up or down from last closing price. If Direxion Daily Nflx Bull 2x Shares takes out the full calculated possible swing range there will be an estimated 7.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $19.29 (5.18%) than the support at $16.81 (8.34%), 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 Nflx Bull 2x Shares ETF A Buy?

Direxion Daily Nflx Bull 2x 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 Sell to a Hold candidate.

Current score: -0.915 Hold/Accumulate Upgraded

Predicted Fair Opening Price

Predicted fair opening price on July 6, 2026 - $18.05 ( 1.56%).

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