Taking everything into account, SOFX scores 2 out of 10 in our technical rating. SOFX performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
SOFX has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
30.56
We found 2 important support areas.
- Support @32.03 from a trend line in the daily time frame.
- Support @30.87 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @43.35 from a trend line in the weekly time frame.
- Resistance @52.51 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SOFX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SOFX is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | SOFX has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SOFX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SOFX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SOFX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.72 | NEUTRAL | The RSI value for SOFX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests SOFX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.82 | NEUTRAL | The Stochastics value for SOFX is a neutral value. |
| Average True Range in percent/ATR (20) | 14.38 | HIGH VOLATILITY | The high ATR as a percentage value for SOFX suggests high volalility. |
| Average Directional Index/ADX (14) | 11.5 | NEGATIVE | The low ADX value for SOFX suggests a weak or negative trend. |
36.91
-5.17 (-12.28%)
DEFIANCE DLY TRG 2X LNG SOFI / SOFX FAQ
What is the technical rating for SOFX stock?
ChartMill assigns a technical rating of 2 / 10 to SOFX.
Can you provide the trend direction for DEFIANCE DLY TRG 2X LNG SOFI?
The current trend direction for DEFIANCE DLY TRG 2X LNG SOFI (SOFX) is Bullish.
Can you provide the RSI signal for DEFIANCE DLY TRG 2X LNG SOFI?
DEFIANCE DLY TRG 2X LNG SOFI (SOFX) has an RSI value of 45.7221. This indicates that the stock is currently neutral.
What is the MACD signal for DEFIANCE DLY TRG 2X LNG SOFI (SOFX) stock?
The MACD indicator for DEFIANCE DLY TRG 2X LNG SOFI (SOFX) has a value of 0.293147, indicating a bearish trend.
Can you provide the support and resistance levels for DEFIANCE DLY TRG 2X LNG SOFI?
DEFIANCE DLY TRG 2X LNG SOFI (SOFX) has a support level at 32.03 and a resistance level at 43.35. Check the full technical report for our detailed analysis of SOFX support and resistance levels.