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Stock Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

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

Weak Downtrend (-65) - SOXL is showing signs of a strengthening downtrend. Monitor SOXL as it may be building momentum to the downside.

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
42.2400 43.0000 40.7100 42.0001 +2.2201
Entry Signal

MarketClub’s Trade Triangles for SOXL

long term up The long-term trend has been UP since Dec 11th, 2023 at 24.5799

intermediate term down The intermediate-term trend has been DOWN since Jul 17th, 2024 at 52.2500

short term down The short-term trend has been DOWN since Jul 11th, 2024 at 62.2000

Smart Scan Analysis for SOXL

Based on our trend formula, SOXL is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for SOXL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
42.2400 43.0000 40.7100 42.0001 +2.2201
Prev. Close Volume Bid Ask Time
39.7800 80767294 2024-07-26 15:59:57
Year High209Year High Date2018-03-13
Year Low81.24Year Low Date2018-10-29
52wk High70.0852wk High Date2024-07-11
52wk Low14.0152wk Low Date2023-10-31
Year End Close26.89Average Volume61,494,902
Shares Outstanding47,990Assets862M
Volatility118.03
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