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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.

GIF_SOXL
Open High Low SOXL Price Change
42.461 42.461 34.865 34.912 -3.600
Entry Signal

MarketClub’s Trade Triangles for SOXL

long term down The long-term trend has been DOWN since Mar 2nd, 2021 at 391.757

intermediate term down The intermediate-term trend has been DOWN since Mar 2nd, 2021 at 526.088

short term down 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).

-100
Smart Scan Analysis for SOXL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
42.461 42.461 34.865 34.912 -3.600
Prev. Close Volume Bid Ask Time
34.956 0 2021-03-03 16:00:00
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