DIREX DAIL SEMI BU 3X ET-USD (SOXL) Technical Analysis
NYSEARCA:SOXL • US25459W4583
Current stock price
SOXL Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to SOXL. Both in the recent history as in the last year, SOXL has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that SOXL is one of the better performing stocks in the market, outperforming 99% of all stocks. We also observe that the gains produced by SOXL over the past year are nicely spread over this period.
- SOXL is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month SOXL has a been trading in the 39.52 - 99.95 range, which is quite wide. It is currently trading near the high of this range.
- SOXL has an average volume of 87270500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
SOXL Weekly and Daily overview Charts
SOXL Setup Rating and Analysis
Although SOXL has an excellent technical rating, it does not offer a high quality setup 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
SOXL Support and Resistance Analysis
49.42
When analyzing the support we notice one important area.
- Support @49.92 from a trend line in the weekly time frame.
SOXL Technical Indicator Signal Analysis
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 SOXL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SOXL is up. |
| ChartMill Relative Strength | 99.42 | POSITIVE | SOXL has a high relative strength, it outperformed 99.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SOXL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SOXL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SOXL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 79.97 | OVERBOUGHT | The high RSI value suggests SOXL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.93 | POSITIVE | The MACD value suggests SOXL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 98.2 | OVERBOUGHT | The high Stochastics value suggests SOXL may be overbought. |
| Average True Range in percent/ATR (20) | 5.99 | HIGH VOLATILITY | The high ATR as a percentage value for SOXL suggests high volalility. |
| Average Directional Index/ADX (14) | 32.07 | POSITIVE | The high ADX value value for SOXL suggests a strong trend. |
SOXL Chart- and CandleStick Pattern Analysis
SOXL Technicals: Chart, Performance Metrics, Trend & Indicators
98.09
+2.15 (+2.24%)
DIREX DAIL SEMI BU 3X ET-USD / SOXL TA FAQ
Can you provide the ChartMill technical rating for DIREX DAIL SEMI BU 3X ET-USD?
ChartMill assigns a technical rating of 10 / 10 to SOXL.
Can you provide the trend direction for DIREX DAIL SEMI BU 3X ET-USD?
The current trend direction for DIREX DAIL SEMI BU 3X ET-USD (SOXL) is Bullish.
Can you provide the RSI signal for DIREX DAIL SEMI BU 3X ET-USD?
DIREX DAIL SEMI BU 3X ET-USD (SOXL) has an RSI value of 79.9734. This indicates that the stock is currently overbought.
What is the MACD signal for SOXL stock?
The MACD indicator for DIREX DAIL SEMI BU 3X ET-USD (SOXL) has a value of 3.93355, indicating a bullish trend.
What is the buy/sell signal for SOXL stock?
The buy/sell signal for DIREX DAIL SEMI BU 3X ET-USD (SOXL) is buy as both the short term and long term trends are positive.