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

Sell candidate since Jun 26, 2026

The Direxion Daily S&P 500 Bull 2X Shares ETF price fell by -0.760% on the last day (Friday, 26th Jun 2026) from $207.78 to $206.20. During the last trading day the ETF fluctuated 2.38% from a day low at $204.10 to a day high of $208.95. The price has fallen in 6 of the last 10 days and is down by -1.73% for this period. Volume has increased on the last day by 30 thousand 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, 41 thousand shares were bought and sold for approximately $8.40 million.

The ETF lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $203.25 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 25.40% during the next 3 months and, with a 90% probability hold a price between $254.86 and $296.09 at the end of this 3-month period.

SPUU Signals & Forecast

There are few to no technical positive signals at the moment. The Direxion Daily S&P 500 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 $210.24 and $213.61. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 02, 2026, and so far it has fallen -7.54%. 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 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 500 Bull 2X Shares ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $192.82 and $178.48. 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 S&P 500 Bull 2X Shares finds support just below today's level at $192.82. If this is broken, then the next support from accumulated volume will be at $178.48 and $156.20.

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 $4.85 between high and low, or 2.38%. For the last week, the ETF has had daily average volatility of 2.14%.

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

Trading Expectations (SPUU) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Direxion Daily S&P 500 Bull 2X Shares to open at $206.42, and during the day (based on 14 day Average True Range), to move between $203.60 and $208.80, which gives a possible trading interval of +/-$5.20 (+/-2.55%) 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 2.55% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $211.50 (2.57%) than the support at $192.82 (6.49%), 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 S&P 500 Bull 2X Shares ETF A Buy?

The Direxion Daily S&P 500 Bull 2X Shares ETF holds several negative signals and despite the positive trend, we believe Direxion Daily S&P 500 Bull 2X Shares will perform weakly in the next couple of days or weeks. Therefore, we 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: -2.173 Sell Candidate Downgraded

Predicted Fair Opening Price

Predicted fair opening price on June 29, 2026 - $206.42 ( 0.105%).

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