Direxion Daily Ftse China Bear 3x Etf ETF Forecast

Buy candidate since Jun 05, 2026

The Direxion Daily FTSE China Bear 3X ETF price gained 6.13% on the last trading day (Friday, 5th Jun 2026), rising from $29.71 to $31.53. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 5.83% from a day low at $30.19 to a day high of $31.95. The price has risen in 6 of the last 10 days and is up by 9.06% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 564 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $35.96 million.

Given the current short-term trend, the ETF is expected to fall -2.87% during the next 3 months and, with a 90% probability hold a price between $23.09 and $30.63 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.

YANG Signals & Forecast

Mostly positive signals in the chart today. The Direxion Daily FTSE China Bear 3X 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 $30.14 and $27.80. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 13, 2026, and so far it has risen 31.32%. 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 FTSE China Bear 3X ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $29.92 and $29.79. 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 FTSE China Bear 3X finds support just below today's level at $29.92. If this is broken, then the next support from accumulated volume will be at $29.79 and $24.01.

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 $1.76 between high and low, or 5.83%. For the last week, the ETF has had daily average volatility of 3.57%.

Our recommended stop-loss: $30.36 (-3.70%) (This ETF has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 16 days ago.)

Trading Expectations (YANG) For The Upcoming Trading Day Of Monday 8th

For the upcoming trading day on Monday, 8th we expect Direxion Daily FTSE China Bear 3X ETF to open at $31.22, and during the day (based on 14 day Average True Range), to move between $30.80 and $32.26, which gives a possible trading interval of +/-$1.47 (+/-4.76%) up or down from last closing price. If Direxion Daily FTSE China Bear 3X ETF takes out the full calculated possible swing range there will be an estimated 4.76% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $31.57 (0.13%) than the support at $29.92 (5.11%), 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 FTSE China Bear 3X ETF ETF A Buy?

Several short-term signals are positive, despite the ETF being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.

Current score: 3.809 Buy Candidate Upgraded

Predicted Fair Opening Price

Predicted fair opening price on June 8, 2026 - $31.22 ( 0.97%).

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