Direxion Daily S&p 500 Bull 2x Shares ETF Forecast

Buy or Hold candidate since Jul 30, 2026 Gain 8.57%

The Direxion Daily S&P 500 Bull 2X Shares ETF price gained 1.21% on the last trading day (Friday, 7th Aug 2026), rising from $226.30 to $229.05. During the last trading day the ETF fluctuated 0.90% from a day low at $227.27 to a day high of $229.31. The price has risen in 7 of the last 10 days and is up by 9.26% over the past 2 weeks. Volume fell on the last day by -15 thousand shares and in total, 10 thousand shares were bought and sold for approximately $2.38 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The ETF has broken the wide and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $225.72 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the ETF is predicted to reach $246.38 sometime during the next 3 months.

SPUU Signals & Forecast

Mostly positive signals in the chart today. The Direxion Daily S&P 500 Bull 2X 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 $222.36 and $215.02. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, July 29, 2026, and so far it has risen 11.93%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.

Support, Risk & Stop-loss for Direxion Daily S&P 500 Bull 2X Shares ETF

Direxion Daily S&P 500 Bull 2X Shares finds support from accumulated volume at $220.52 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 $2.04 between high and low, or 0.90%. For the last week, the ETF has had daily average volatility of 1.85%.

Our recommended stop-loss: $221.90 (-3.12%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (SPUU) For The Upcoming Trading Day Of Monday 10th

For the upcoming trading day on Monday, 10th we expect Direxion Daily S&P 500 Bull 2X Shares to open at $228.54, and during the day (based on 14 day Average True Range), to move between $226.69 and $231.40, which gives a possible trading interval of +/-$4.72 (+/-2.08%) up or down from last closing price. If Direxion Daily S&P 500 Bull 2X Shares takes out the full calculated possible swing range there will be an estimated 2.08% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $220.52, some $8.53 (3.72%) from the current price of $229.05, our system finds the risk reward attractive.

Is Direxion Daily S&P 500 Bull 2X Shares ETF A Buy?

Several short-term signals are positive and the ETF has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Direxion Daily S&P 500 Bull 2X Shares ETF to perform well in the short-term period.

Current score: 3.404 Buy Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on August 10, 2026 - $228.54 ( 0.220%).

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