Stock Trend Analysis Report
Prepared for you on Friday, January 28, 2022.
Direxion Daily Semiconductor Bull 3x Shares (PACF:SOXL)
Long-Term Downtrend (-90) - SOXL is in a strong downtrend that is likely to continue. While SOXL is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Jan 28th, 2022 at 36.47
The intermediate-term trend has been DOWN since Jan 10th, 2022 at 55.47
The short-term trend has been DOWN since Jan 18th, 2022 at 58.56
Smart Scan Analysis for SOXL
Based on our trend formula, SOXL is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||209||Year High Date||2018-03-13|
|Year Low||81.24||Year Low Date||2018-10-29|
|52wk High||74.21||52wk High Date||2022-01-04|
|52wk Low||27.5||52wk Low Date||2021-03-08|
|Year End Close||26.89||Average Volume||28,337,649|