DIREXION DAILY SEMI BULL 3X (SOXL) Stock Technical Analysis
NYSEARCA:SOXL - NYSE Arca - US25459W4583 - ETF - Currency: USD
We assign a technical rating of 8 out of 10 to SOXL. In the last year, SOXL was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long and short term trends are both positive. This is looking good!
In the last month SOXL has a been trading in the 19.84 - 27.73 range, which is quite wide. It is currently trading near the high of this range.
SOXL has an average volume of 140400000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, SOXL did better than 92% of all other stocks. However, this relatively good performance is mostly due to a recent big 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.
Considerably lower volume is observed in the last couple of days.
Although SOXL has an excellent technical rating, it does not present a decent entry opportunity 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
24.46
27.64
When analyzing the support we notice one important area.
- Support @24.71 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 27.30 to 27.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 92.78 | POSITIVE | SOXL has a high relative strength, it outperformed 92.78% 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) | DOWN | MIXED | The current price of SOXL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 71.18 | OVERBOUGHT | The high RSI value suggests SOXL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests SOXL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.87 | OVERBOUGHT | The high Stochastics value suggests SOXL may be overbought. |
| Average True Range in percent/ATR (20) | 5.31 | HIGH VOLATILITY | The high ATR as a percentage value for SOXL suggests high volalility. |
| Average Directional Index/ADX (14) | 30.6 | POSITIVE | The high ADX value value for SOXL suggests a strong 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)
NYSEARCA:SOXL (7/11/2025, 8:04:00 PM)
After market: 27.1103 -0.18 (-0.66%)27.29
-0.08 (-0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.29%
1 Week3.25%
2 Weeks8.29%
1 Month26.11%
3 Month166.76%
6 Month-2.74%
12 Month-57.32%
2 Year-3.94%
3 Year37.62%
5 Year80.72%
10 Year1438.33%
15 Year4999.34%
Volatility
ATR(14)1.41
ATR(20)%5.31%
ATR Inc-30.11%
Range Today0.99
ADR(20)1.28
ADR(20)%4.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.78
Mansfield-0.61
10 Day High27.73
10 Day Low23.58
20 Day High27.73
20 Day Low19.84
52 Week High66.76
52 Week Low7.23
CS1 End24.71
CR1 Start27.3
Volume & EV
DER(3)1.7%
DER(5)1.69%
Volume71.86M
Volume Incr-30.18%
Vol(5)86.01M
Vol(50)140.40M