Direxion Daily Ftse China Bear 3x Etf ETF Forecast

Buy or Hold candidate since Jun 05, 2026 Gain 29.15%

The Direxion Daily FTSE China Bear 3X ETF price gained 0.94% on the last trading day (Friday, 26th Jun 2026), rising from $40.34 to $40.72. It has now gained 4 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 4.25% from a day low at $40.50 to a day high of $42.22. The price has risen in 7 of the last 10 days and is up by 30.47% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 9 thousand shares were bought and sold for approximately $362.45 thousand. 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.

Given the current short-term trend, the ETF is expected to rise 19.93% during the next 3 months and, with a 90% probability hold a price between $32.72 and $48.84 at the end of this 3-month period.

YANG Signals & Forecast

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 $36.97 and $30.62. 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 69.60%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

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 $31.98 and $31.74. 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 $31.98. If this is broken, then the next support from accumulated volume will be at $31.74 and $31.21.

This ETF may move much during the day (volatility) and with periodic low trading volume this ETF is considered to be "high risk". During the last day, the ETF moved $1.72 between high and low, or 4.25%. For the last week the ETF has had daily average volatility of 3.08%.

The Direxion Daily FTSE China Bear 3X ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the ETF manages to break the trend before that occurs.

Our recommended stop-loss: $39.57 (-2.82%) (This ETF has high daily movements and this gives high risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from a pivot bottom found 30 days ago.)

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

For the upcoming trading day on Monday, 29th we expect Direxion Daily FTSE China Bear 3X ETF to open at $41.15, and during the day (based on 14 day Average True Range), to move between $39.90 and $41.54, which gives a possible trading interval of +/-$1.63 (+/-4.09%) 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 4.09% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $31.98, some $8.74 (21.46%) from the current price of $40.72, our system finds the risk reward attractive.

Is Direxion Daily FTSE China Bear 3X ETF ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Direxion Daily FTSE China Bear 3X ETF to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 3.438 Buy Candidate Downgraded

Predicted Fair Opening Price

Predicted fair opening price on June 29, 2026 - $41.15 ( 1.05%).

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