Technical Analysis for SOXS - Direxion Daily Semiconductor Bear 3x Shares

Grade Last Price % Change Price Change
D 35.10 -6.25% -2.34
SOXS closed down 6.25 percent on Friday, April 26, 2024, on 1.35 times normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
Fell Below 20 DMA Bearish 0.00%
Fell Below 50 DMA Bearish 0.00%
New Downtrend Bearish 0.00%
Wide Bands Range Expansion 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Down 5 Days in a Row Weakness 0.00%
Multiple of Ten Bearish Other -6.25%
Wide Bands Range Expansion -6.25%
Down 3 Days in a Row Weakness -6.25%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakdown about 14 hours ago
Down 5% about 15 hours ago
Fell Below 50 DMA about 15 hours ago
2x Volume Pace about 15 hours ago
1.5x Volume Pace about 15 hours ago

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Profile

The investment seeks daily investment results, before fees and expenses, of 300% of the inverse of the performance of the PHLX Semiconductor Sector Index. The fund creates short positions by investing at least 80% of its assets in: futures contracts; options on securities, indices and futures contracts; equity caps, floors and collars; swap agreements; forward contracts; short positions; reverse repurchase agreements; ETFs; and other financial instruments that, in combination, 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.
Classification

Keywords: Exchange Traded Fund ETF Exchange Traded Funds Leveraged ETF Ultra ETF Semiconductor Inverse ETF Bear Market ETF Silver Exchange Traded Product Repurchase Agreement Forward Contract Phlx Semiconductor Sector

Top 10 Components

Symbol Grade Price % Change Allocation
NVDA B 6.18 8.24
QCOM B 1.45 8.23
TXN B 1.27 7.85
INTC F -9.20 7.36
AVGO B 3.84 7.00
AMD C 2.37 4.66
MU A 2.92 4.35
NXPI B 1.94 4.15
LRCX C 2.65 4.14
TSM B 1.26 3.95

Is SOXS a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 209.102
52 Week Low 27.282
Average Volume 16,623,208
200-Day Moving Average 73.64
50-Day Moving Average 36.01
20-Day Moving Average 36.47
10-Day Moving Average 39.63
Average True Range 3.13
RSI (14) 43.18
ADX 33.72
+DI 27.16
-DI 27.77
Chandelier Exit (Long, 3 ATRs) 37.44
Chandelier Exit (Short, 3 ATRs) 39.20
Upper Bollinger Bands 44.62
Lower Bollinger Band 28.31
Percent B (%b) 0.42
BandWidth 44.73
MACD Line 1.02
MACD Signal Line 0.86
MACD Histogram 0.1565
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 40.04
Resistance 3 (R3) 40.45 39.21 39.21
Resistance 2 (R2) 39.21 37.96 39.01 38.94
Resistance 1 (R1) 37.16 37.18 36.54 36.75 38.66
Pivot Point 35.92 35.92 35.62 35.72 35.92
Support 1 (S1) 33.87 34.67 33.25 33.46 31.54
Support 2 (S2) 32.63 33.89 32.43 31.26
Support 3 (S3) 30.58 32.63 30.99
Support 4 (S4) 30.17