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Index Trend Analysis Report

Prepared for you on Monday, April 12, 2021.

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

Sidelines Mode (+55) - SOXL is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
44.746 44.746 41.892 42.997 -1.466
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 up The intermediate-term trend has been UP since Apr 1st, 2021 at 39.101

short term down The short-term trend has been DOWN since Apr 12th, 2021 at 42.363

Smart Scan Analysis for SOXL

Based on our trend formula, SOXL is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for SOXL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
44.746 44.746 41.892 42.997 -1.466
Prev. Close Volume Bid Ask Time
44.463 0 2021-04-12 16:00:15
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