
Technical analysis of Direxion Daily Technology Bear 3X Shares (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
TECS is an investment fund that provides 3X daily inverse (opposite) exposure to an index of U.S. technology companies provided by S&P Dow Jones Indices. The fund invests at least 80% of its net assets in financial instruments that deliver short exposure to the underlying technology index. It operates as a non-diversified instrument in the inverse equity trading segment.
Description generated automatically from public sources; it may be inaccurate or out of date.
Closing values for October 20, 2026, computed on the last 12 months of prices.
21 sessions
52.70 $
+14.87%
50 sessions
57.53 $
+5.22%
200 sessions
108.31 $
−44.10%
s2
57.04
Support
s1
58.56
Support
pivot
59.43
Pivot
r1
60.96
Resistance
r2
61.83
Resistance
In the October 20, 2026 session Direxion Daily Technology Bear 3X Shares closed higher at 60.54 $, +0.75% versus the previous session.
The price sits mixed against its moving averages: +14.87% against the 21-session average, +5.22% against the 50 and −44.10% against the 200.
The 14-period RSI reads 60.8, in neutral territory.
MACD stands at 0.374 against a signal line at -1.366: the histogram is positive (+1.740).
ADX reads 21.7, indicating weak directionality.
Levels computed on the latest session place supports at 58.56 and 57.04 $ and resistances at 60.96 and 61.83 $, around a pivot of 59.43.
The average daily range (ATR) is 3.235 $, or 5.34% of price.
Turnover was 354.2K shares, 78% of the 20-session average.
Over the last twelve months the price ranged between 46.40 and 121.03 $, and today stands −49.98% 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 Bear 3X Shares analysed technically?
Technical analysis of Direxion Daily Technology Bear 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 Bear 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 Bear 3X Shares?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Direxion Daily Technology Bear 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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