Overall SOXL gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SOXL is showing a nice and steady performance.
- 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 94% of all stocks.
- 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 38.11 - 62.19 range, which is quite wide. It is currently trading near the high of this range.
- SOXL has an average volume of 90832100 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.
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
35.19
When analyzing the support we can see 4 important areas.
- A support zone ranging from 48.82 to 49.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @41.79 from a trend line in the daily time frame.
- Support @37.31 from a trend line in the weekly time frame.
- Support @35.55 from a trend line in the weekly 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 SOXL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SOXL is up. |
| ChartMill Relative Strength | 94.77 | POSITIVE | SOXL has a high relative strength, it outperformed 94.77% 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) | 71.19 | OVERBOUGHT | The high RSI value suggests SOXL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.16 | POSITIVE | The MACD value suggests SOXL has a positive trend. |
| Stochastics (14,3) | 86.75 | OVERBOUGHT | The high Stochastics value suggests SOXL may be overbought. |
| Average True Range in percent/ATR (20) | 5.47 | HIGH VOLATILITY | The high ATR as a percentage value for SOXL suggests high volalility. |
| Average Directional Index/ADX (14) | 19.52 | NEGATIVE | The low ADX value for SOXL suggests a weak or negative trend. |
60.75
+2.67 (+4.6%)
DIREXION DAILY SEMI BULL 3X / SOXL FAQ
Can you provide the ChartMill technical rating for DIREXION DAILY SEMI BULL 3X?
ChartMill assigns a technical rating of 10 / 10 to SOXL.
What is the trend direction for SOXL stock?
The current trend direction for DIREXION DAILY SEMI BULL 3X (SOXL) is Bullish.
What is the RSI signal for DIREXION DAILY SEMI BULL 3X (SOXL) stock?
DIREXION DAILY SEMI BULL 3X (SOXL) has an RSI value of 71.1868. This indicates that the stock is currently overbought.
Can you provide the MACD signal for DIREXION DAILY SEMI BULL 3X?
The MACD indicator for DIREXION DAILY SEMI BULL 3X (SOXL) has a value of 1.16123, indicating a bullish trend.
What is the short term momentum for DIREXION DAILY SEMI BULL 3X (SOXL) stock?
The short term momentum for DIREXION DAILY SEMI BULL 3X (SOXL) is positive.