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Stock Trend Analysis Report

Prepared for you on Wednesday, June 29, 2022.

Direxion Daily Semiconductor Bull 3x Shares (PACF:SOXL)

Long-Term Downtrend (-90) - SOXL is in a strong downtrend that is likely to continue. While SOXL is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid SOXL?

MarketClub looks at technical strength and momentum to determine if the timing is right for SOXL.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

PACF_SOXL
Open High Low SOXL Price Change
13.9500 14.0400 13.0335 13.5157 -1.0443
Entry Signal

MarketClub’s Trade Triangles for SOXL

long term down The long-term trend has been DOWN since Jan 27th, 2022 at 36.4700

intermediate term down The intermediate-term trend has been DOWN since Jun 13th, 2022 at 18.4400

short term down The short-term trend has been DOWN since Jun 29th, 2022 at 14.5165

Smart Scan Analysis for SOXL

Based on our trend formula, SOXL is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SOXL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
13.9500 14.0400 13.0335 13.5157 -1.0443
Prev. Close Volume Bid Ask Time
14.5600 60554202 2022-06-29 15:59:33
Year High209Year High Date2018-03-13
Year Low81.24Year Low Date2018-10-29
52wk High74.2152wk High Date2022-01-04
52wk Low12.7852wk Low Date2022-06-17
Year End Close26.89Average Volume53,993,189
Shares Outstanding221,800Assets862M
Volatility118.03
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