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Index Trend Analysis Report

Prepared for you on Tuesday, August 11, 2020.

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

Countertrend Up (+85) - SOXL is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
240.316 240.614 240.316 240.614 0.000
Entry Signal

MarketClub’s Trade Triangles for SOXL

long term up The long-term trend has been UP since Jul 6th, 2020 at 201.813

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

short term down The short-term trend has been DOWN since Aug 10th, 2020 at 231.739

Smart Scan Analysis for SOXL

Based on our trend formula, SOXL is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for SOXL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
240.316 240.614 240.316 240.614 0.000
Prev. Close Volume Bid Ask Time
157.383 0 2020-08-11 08:55:58
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