
Technical analysis of Direxion Daily Technology Bull 3X Shares (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
TECL is a fund that tracks with 3X daily leverage the performance of an index of U.S. technology companies, investing at least 80% of its net assets in financial instruments such as swap agreements, index securities, and ETFs that track the index. The fund is non-diversified and uses derivative instruments to obtain leveraged exposure to the technology sector.
Description generated automatically from public sources; it may be inaccurate or out of date.
Closing values for October 19, 2026, computed on the last 12 months of prices.
21 sessions
230.57 $
−15.01%
50 sessions
213.97 $
−8.41%
200 sessions
167.73 $
+16.83%
s2
175.03
Support
s1
181.87
Support
pivot
193.52
Pivot
r1
200.36
Resistance
r2
212.01
Resistance
In the October 19, 2026 session Direxion Daily Technology Bull 3X Shares closed higher at 195.97 $, +3.85% versus the previous session.
The price sits mixed against its moving averages: −15.01% against the 21-session average, −8.41% against the 50 and +16.83% against the 200.
The 14-period RSI reads 37.2, in neutral territory.
MACD stands at -2.047 against a signal line at 4.837: the histogram is negative (−6.884).
ADX reads 19.6, indicating weak directionality.
Levels computed on the latest session place supports at 181.87 and 175.03 $ and resistances at 200.36 and 212.01 $, around a pivot of 193.52.
The average daily range (ATR) is 12.540 $, or 6.40% of price.
Turnover was 744.5K shares, 141% of the 20-session average.
Over the last twelve months the price ranged between 138.91 and 274.91 $, and today stands −28.71% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
How is Direxion Daily Technology Bull 3X Shares analysed technically?
Technical analysis of Direxion Daily Technology Bull 3X Shares is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for Direxion Daily Technology Bull 3X Shares?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to Direxion Daily Technology Bull 3X Shares?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Direxion Daily Technology Bull 3X Shares it helps frame the technical structure of the historical chart and is not a forecast.
Disclaimer. For informational purposes only; not financial advice or a recommendation. Montbon Analytics is not an authorised financial intermediary.
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