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

Grade Last Price % Change Price Change
grade F 19.29 5.70% 1.04
SOXS closed up 5.7 percent on Friday, April 3, 2020, on approximately normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down
Historical SOXS trend table...

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
Multiple of Ten Bearish Other 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
180 Bearish Setup Bearish Swing Setup 5.70%
Multiple of Ten Bearish Other 5.70%
Wide Bands Range Expansion 5.70%
Oversold Stochastic Weakness 5.70%
Slingshot Bearish Bearish Swing Setup -4.32%
Pocket Pivot Bullish Swing Setup -4.32%

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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.
Exchange Traded Fund ETF Exchange Traded Funds Leveraged ETF Ultra ETF Bear Market ETF Inverse ETF Semiconductor Silver Exchange Traded Product Short

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 79.0
52 Week Low 15.51
Average Volume 6,618,431
200-Day Moving Average 31.98
50-Day Moving Average 22.04
20-Day Moving Average 24.81
10-Day Moving Average 19.43
Average True Range 4.70
ADX 24.92
+DI 14.33
-DI 22.42
Chandelier Exit (Long, 3 ATRs ) 24.41
Chandelier Exit (Short, 3 ATRs ) 29.60
Upper Bollinger Band 38.18
Lower Bollinger Band 11.44
Percent B (%b) 0.29
BandWidth 107.74
MACD Line -1.55
MACD Signal Line -0.53
MACD Histogram -1.0274
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 22.80
Resistance 3 (R3) 22.65 21.34 22.22
Resistance 2 (R2) 21.34 20.44 21.41 22.02
Resistance 1 (R1) 20.31 19.89 20.83 20.46 21.82
Pivot Point 19.00 19.00 19.25 19.07 19.00
Support 1 (S1) 17.97 18.10 18.49 18.12 16.76
Support 2 (S2) 16.66 17.55 16.73 16.56
Support 3 (S3) 15.63 16.66 16.37
Support 4 (S4) 15.78