Technical Analysis for SOXL - Direxion Daily Semiconductor Bull 3x Shares
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| F | 27.13 | -2.59% | -0.72 |
SOXL closed down 2.59 percent on Wednesday, November 20, 2024, on approximately normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Hammer Candlestick | Bullish | 0.00% | |
| Wide Bands | Range Expansion | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Slingshot Bearish | Bearish Swing Setup | -2.59% | |
| Stochastic Buy Signal | Bullish | -2.59% | |
| NR7 | Range Contraction | -2.59% | |
| Narrow Range Bar | Range Contraction | -2.59% | |
| Wide Bands | Range Expansion | -2.59% | |
| Oversold Stochastic | Weakness | -2.59% | |
| Lower Bollinger Band Walk | Weakness | -1.95% |
| Alert | Time |
|---|---|
| 60 Minute Opening Range Breakdown | about 17 hours ago |
| Lower Bollinger Band Support | about 20 hours ago |
| Down 5% | about 21 hours ago |
| 1.5x Volume Pace | about 21 hours ago |
| Down 3% | about 21 hours ago |
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The investment seeks daily investment results, before fees and expenses, of 300% of the performance of the PHLX Semiconductor Sector Index.
The fund, under normal circumstances, creates long positions by investing at least 80% of its assets in the securities that comprise the PHLX Semiconductor Sector Index ("index") and/or financial instruments that provide leveraged and unleveraged exposure to the index. The index measures the performance of the semiconductor subsector of the U.S. equity market. The fund is non-diversified.
Keywords: Exchange Traded Fund ETF Leveraged ETF Ultra ETF Semiconductor Phlx Semiconductor Sector Philadelphia Stock Exchange
Classification
Keywords: Exchange Traded Fund ETF Leveraged ETF Ultra ETF Semiconductor Phlx Semiconductor Sector Philadelphia Stock Exchange
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 69.957 |
| 52 Week Low | 21.1277 |
| Average Volume | 82,075,045 |
| 200-Day Moving Average | 41.68 |
| 50-Day Moving Average | 33.99 |
| 20-Day Moving Average | 31.92 |
| 10-Day Moving Average | 30.47 |
| Average True Range | 2.32 |
| RSI (14) | 36.71 |
| ADX | 19.0 |
| +DI | 16.94 |
| -DI | 36.59 |
| Chandelier Exit (Long, 3 ATRs) | 31.49 |
| Chandelier Exit (Short, 3 ATRs) | 32.95 |
| Upper Bollinger Bands | 38.38 |
| Lower Bollinger Band | 25.45 |
| Percent B (%b) | 0.13 |
| BandWidth | 40.50 |
| MACD Line | -1.94 |
| MACD Signal Line | -1.36 |
| MACD Histogram | -0.5807 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 29.46 | ||||
| Resistance 3 (R3) | 29.34 | 28.44 | 29.07 | ||
| Resistance 2 (R2) | 28.44 | 27.85 | 28.50 | 28.94 | |
| Resistance 1 (R1) | 27.79 | 27.49 | 27.34 | 27.91 | 28.81 |
| Pivot Point | 26.89 | 26.89 | 26.67 | 26.95 | 26.89 |
| Support 1 (S1) | 26.24 | 26.30 | 25.79 | 26.36 | 25.45 |
| Support 2 (S2) | 25.34 | 25.94 | 25.40 | 25.32 | |
| Support 3 (S3) | 24.69 | 25.34 | 25.19 | ||
| Support 4 (S4) | 24.81 |
