Direxion Daily Technology Bear 3x Shares ETF Forecast

Sell candidate since Apr 06, 2026 Loss -67.65%

The Direxion Daily Technology Bear 3X Shares ETF price gained 2.85% on the last trading day (Wednesday, 3rd Jun 2026), rising from $5.96 to $6.13. During the last trading day the ETF fluctuated 6.39% from a day low at $5.90 to a day high of $6.28. The price has fallen in 8 of the last 10 days and is down by -32.04% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 12 million shares were bought and sold for approximately $74.55 million.

The ETF lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $5.71 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -56.50% during the next 3 months and, with a 90% probability hold a price between $2.48 and $5.33 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.

TECS Signals & Forecast

There are mixed signals in the ETF today. The Direxion Daily Technology Bear 3X 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 $6.69 and $9.80. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, June 02, 2026, and so far it has risen 2.85%. 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 is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Direxion Daily Technology Bear 3X Shares ETF

Direxion Daily Technology Bear 3X Shares finds support from accumulated volume at $5.96 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 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 $0.377 between high and low, or 6.39%. For the last week, the ETF has had daily average volatility of 5.77%.

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

Trading Expectations (TECS) For The Upcoming Trading Day Of Thursday 4th

For the upcoming trading day on Thursday, 4th we expect Direxion Daily Technology Bear 3X Shares to open at $6.10, and during the day (based on 14 day Average True Range), to move between $5.82 and $6.44, which gives a possible trading interval of +/-$0.621 (+/-10.67%) up or down from last closing price. If Direxion Daily Technology Bear 3X Shares takes out the full calculated possible swing range there will be an estimated 10.67% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $6.18 (0.82%) than the support at $5.96 (2.77%), 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 Technology Bear 3X Shares ETF A Buy?

Direxion Daily Technology Bear 3X Shares holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.966 Sell Candidate Upgraded

Predicted Fair Opening Price

Predicted fair opening price on June 4, 2026 - $6.10 ( 0.450%).

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