DIREXION DAILY SEMI BULL 3X (SOXL) Stock Technical Analysis
NYSEARCA:SOXL - US25459W4583 - ETF
25.25 USD
-0.79 (-3.03%)
25.06 USD
-0.19 (-0.75%)
Overall SOXL gets a technical rating of 6 out of 10. In the last year, SOXL was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
In the last month SOXL has a been trading in the 22.95 - 29.66 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
SOXL has an average volume of 93728800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Looking at the yearly performance, SOXL did better than 73% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
SOXL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SOXL is lagging the market.
SOXL has an average technical rating and it also 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
23.75
29.22
When analyzing the support we notice one important area.
- A support zone ranging from 23.99 to 24.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @27.45 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 28.53 to 28.93. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for SOXL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SOXL is neutral. |
| ChartMill Relative Strength | 73.49 | POSITIVE | SOXL has a high relative strength, it outperformed 73.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SOXL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SOXL is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SOXL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.45 | NEUTRAL | The RSI value for SOXL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests SOXL has a negative trend. |
| Stochastics (14,3) | 49.11 | NEUTRAL | The Stochastics value for SOXL is a neutral value. |
| Average True Range in percent/ATR (20) | 6.65 | HIGH VOLATILITY | The high ATR as a percentage value for SOXL suggests high volalility. |
| Average Directional Index/ADX (14) | 11.81 | NEGATIVE | The low ADX value for SOXL suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
25.25
-0.79 (-3.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.03%
1 Week-7.51%
2 Weeks-8.28%
1 Month1%
3 Month31.65%
6 Month20.93%
12 Month-2.73%
2 Year33.81%
3 Year184.99%
5 Year49.59%
10 Year1738.59%
15 Year4760.44%
Volatility
ATR(14)1.66
ATR(20)%6.65%
ATR Inc62.09%
Range Today1.47
ADR(20)1.46
ADR(20)%5.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.49
Mansfield-0.74
10 Day High29.11
10 Day Low23.66
20 Day High29.66
20 Day Low22.95
52 Week High41.19
52 Week Low7.23
CS1 End24.08
CR1 Start27.45
Volume & EV
DER(3)-1.56%
DER(5)0.27%
Volume101.91M
Volume Incr-14.79%
Vol(5)80.74M
Vol(50)93.73M