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 5 out of 10 to SOXL. Although SOXL is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month SOXL has a been trading in the 44.53 - 62.82 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.
- Looking at the yearly performance, SOXL did better than 97% of all other stocks. We also observe that the gains produced by SOXL over the past year are nicely spread over this period.
- SOXL has an average volume of 85672600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- SOXL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SOXL is lagging the market slightly.
SOXL Weekly and Daily overview Charts
SOXL Setup Rating and Analysis
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
SOXL Support and Resistance Analysis
39.47
When analyzing the support we can see 2 important areas.
- Support @44.28 from a trend line in the weekly time frame.
- A support zone ranging from 39.87 to 40.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 52.93 to 53.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @70.47 from a horizontal line in the daily 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 | 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 | 97.08 | POSITIVE | SOXL has a high relative strength, it outperformed 97.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SOXL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SOXL is below a declining 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) | 38.99 | NEUTRAL | The RSI value for SOXL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests SOXL has a negative trend. |
| Stochastics (14,3) | 42.94 | NEUTRAL | The Stochastics value for SOXL is a neutral value. |
| Average True Range in percent/ATR (20) | 11.91 | HIGH VOLATILITY | The high ATR as a percentage value for SOXL suggests high volalility. |
| Average Directional Index/ADX (14) | 26.55 | 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
46.61
-2.36 (-4.82%)
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 5 / 10 to SOXL.
What is the trend direction for SOXL stock?
The current trend direction for DIREX DAIL SEMI BU 3X ET-USD (SOXL) is Bearish.
What is the RSI signal for DIREX DAIL SEMI BU 3X ET-USD (SOXL) stock?
DIREX DAIL SEMI BU 3X ET-USD (SOXL) has an RSI value of 38.9888. This indicates that the stock is currently neutral.
Can you provide the MACD signal for DIREX DAIL SEMI BU 3X ET-USD?
The MACD indicator for DIREX DAIL SEMI BU 3X ET-USD (SOXL) has a value of -0.386443, indicating a bearish trend.
What is the short term momentum for DIREX DAIL SEMI BU 3X ET-USD (SOXL) stock?
The short term momentum for DIREX DAIL SEMI BU 3X ET-USD (SOXL) is neutral.