Index Trend Analysis Report
Prepared for you on Thursday, March 4, 2021.
Direxion Daily Semiconductor Bull 3X Shares (GIF:SOXL)
Strong Downtrend (-100) - SOXL is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.
MarketClub’s Trade Triangles for SOXL
The long-term trend has been DOWN since Mar 2nd, 2021 at 391.757
The intermediate-term trend has been DOWN since Mar 2nd, 2021 at 526.088
The short-term trend has been DOWN since Feb 22nd, 2021 at 615.853
Smart Scan Analysis for SOXL
Based on our trend formula, SOXL is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).