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Stock Trend Analysis Report

Prepared for you on Saturday, August 15, 2020.

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

Long-Term Uptrend (+90) - SOXL is in a strong uptrend that is likely to continue. While SOXL is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
249.800 255.990 244.630 246.895 -0.775
Entry Signal

MarketClub’s Trade Triangles for SOXL

long term up The long-term trend has been UP since Jul 6th, 2020 at 202.00

intermediate term up The intermediate-term trend has been UP since Apr 7th, 2020 at 108.86

short term up The short-term trend has been UP since Aug 12th, 2020 at 251.00

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
249.800 255.990 244.630 246.895 -0.775
Prev. Close Volume Bid Ask Time
157.740 788069 2020-08-14 15:59:52
Year High209Year High Date2018-03-13
Year Low81.24Year Low Date2018-10-29
52wk High33152wk High Date2020-01-24
52wk Low53.500152wk Low Date2020-03-18
Year End Close26.89Average Volume2,440,788
Shares Outstanding7,600Assets862M
Volatility118.03
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