Index Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Direxion Daily Semiconductor Bull 3X Shares (GIF:SOXL)
Bear Market Rally (-75) - SOXL is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SOXL as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid
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 at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for SOXL
Based on our trend formula, SOXL is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).