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.
MarketClub’s Trade Triangles for SOXL
The long-term trend has been DOWN since Mar 2nd, 2021 at 391.757
The intermediate-term trend has been UP since Apr 1st, 2021 at 39.101
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).