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Index Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

Direxion Daily Semiconductor Bull 3X Shares (GIF:SOXL)

Bull Market Weakness (+75) - SOXL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SOXL as it may be in the beginning stages of a reversal.

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
143.024 154.364 143.024 152.036 -2.328
Entry Signal

MarketClub’s Trade Triangles for SOXL

long term down The long-term trend has been DOWN since Feb 27th, 2020 at 194.930

intermediate term up The intermediate-term trend has been UP since Apr 14th, 2020 at 122.890

short term up The short-term trend has been UP since May 18th, 2020 at 138.746

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
143.024 154.364 143.024 152.036 -2.328
Prev. Close Volume Bid Ask Time
101.611 0 2020-06-01 19:14:57
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