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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.

GIF_SOXS
Open High Low SOXS Price Change
22.6703 22.8978 21.6446 22.0829 -0.8148
Entry Signal

MarketClub’s Trade Triangles for SOXS

long term up The long-term trend has been UP since Aug 28th, 2020 at 11.1323

intermediate term down The intermediate-term trend has been DOWN since Sep 28th, 2020 at 40.3496

short term down 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).

-60
Smart Scan Analysis for SOXS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.6703 22.8978 21.6446 22.0829 -0.8148
Prev. Close Volume Bid Ask Time
34.6968 0 2020-11-27 12:59:53
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