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

Grade Last Price % Change Price Change
grade F 25.91 -2.59% -0.69
SOXS closed down 2.59 percent on Friday, November 15, 2019, on 1.22 times normal volume. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Down Down Down
See historical SOXS trend table...

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
New Downtrend Bearish 0.00%
Gilligan's Island Buy Setup Bullish Swing Setup 0.00%
New 52 Week Low Weakness 0.00%
Wide Bands Range Expansion 0.00%
Gapped Down Weakness 0.00%
Oversold Stochastic Weakness 0.00%
MACD Bullish Signal Line Cross Bullish -2.59%
Narrow Range Bar Range Contraction -2.59%
NR7 Range Contraction -2.59%

Older signals for SOXS ...

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Basic chart:
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 Funds Futures Contract 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
Summary: Counts: 0 bullish, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 171.8
52 Week Low 25.2143
Average Volume 2,464,023
200-Day Moving Average 51.9905
50-Day Moving Average 33.543
20-Day Moving Average 29.004
10-Day Moving Average 26.536
Average True Range 1.6381
ADX 25.61
+DI 19.347
-DI 40.4554
Chandelier Exit (Long, 3 ATRs ) 31.2857
Chandelier Exit (Short, 3 ATRs ) 30.1286
Upper Bollinger Band 34.7778
Lower Bollinger Band 23.2302
Percent B (%b) 0.23
BandWidth 39.813819
MACD Line -2.5026
MACD Signal Line -2.5435
MACD Histogram 0.0409
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 27.45
Resistance 3 (R3) 27.39 26.81 27.19
Resistance 2 (R2) 26.81 26.42 26.84 27.11
Resistance 1 (R1) 26.36 26.18 26.59 26.42 27.02
Pivot Point 25.79 25.79 25.90 25.82 25.79
Support 1 (S1) 25.34 25.40 25.56 25.40 24.80
Support 2 (S2) 24.76 25.15 24.79 24.71
Support 3 (S3) 24.31 24.76 24.63
Support 4 (S4) 24.37