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Index Trend Analysis Report
Prepared for you on Tuesday, August 11, 2020.
Direxion Daily Semiconductor Bear 3X Shares (GIF:SOXS)
Countertrend Down (-85) - SOXS is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
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MarketClub’s Trade Triangles for SOXS
The long-term trend has been DOWN since Mar 26th, 2020 at 16.1970
The intermediate-term trend has been DOWN since Mar 24th, 2020 at 20.2190
The short-term trend has been UP since Aug 10th, 2020 at 4.0361
Smart Scan Analysis for SOXS
Based on our trend formula, SOXS is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.7726 | 4.0650 | 3.7726 | 3.9011 | -0.0052 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6.5268 | 0 | 2020-08-10 19:14:41 |