Index Trend Analysis Report
Prepared for you on Monday, November 30, 2020.
Direxion Daily Semiconductor Bear 3X Shares (GIF:SOXS)
Crossroads (-60) - SOXS is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SOXS?
MarketClub looks at technical strength and momentum to determine if the timing is right for SOXS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SOXS
The long-term trend has been UP since Aug 28th, 2020 at 11.1323
The intermediate-term trend has been DOWN since Sep 28th, 2020 at 40.3496
The short-term trend has been DOWN since Nov 3rd, 2020 at 34.6481
Smart Scan Analysis for SOXS
Based on our trend formula, SOXS is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).