DIREXION DAILY SEMI BEAR 3X (SOXS) Stock Technical Analysis
NYSEARCA:SOXS - NYSE Arca - US25460G1123 - ETF - Currency: USD
We assign a technical rating of 0 out of 10 to SOXS. SOXS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, SOXS is a bad performer in the overall market: 98% of all stocks are doing better.
SOXS is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so SOXS is lagging the market.
In the last month SOXS has a been trading in the 8.98 - 14.01 range, which is quite wide. It is currently trading near the lows of this range.
SOXS has an average volume of 100300000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SOXS has a poor technical rating and the quality of the setup is also not perfect 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
9.13
10.28
We found 1 important support area.
- A support zone ranging from 9.22 to 9.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @10.18 from a horizontal line 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 | DOWN | NEGATIVE | The long term trend for SOXS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SOXS is down. |
| ChartMill Relative Strength | 2.2 | NEGATIVE | SOXS has a low relative strength, it was outperformed by 97.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SOXS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SOXS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SOXS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.27 | NEUTRAL | The RSI value for SOXS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests SOXS has a positive trend. |
| Stochastics (14,3) | 6.99 | OVERSOLD | The low Stochastics value suggests SOXS may be oversold. |
| Average True Range in percent/ATR (20) | 9.43 | HIGH VOLATILITY | The high ATR as a percentage value for SOXS suggests high volalility. |
| Average Directional Index/ADX (14) | 23.72 | NEUTRAL | The ADX value for SOXS suggests a possible start of a new 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:SOXS (6/20/2025, 2:43:09 PM)
9.5348
+0.18 (+1.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.98%
1 Week-1.58%
2 Weeks-13.98%
1 Month-21.3%
3 Month-62.46%
6 Month-59.54%
12 Month-57.75%
2 Year-90.53%
3 Year-98.59%
5 Year-99.85%
10 Year-100%
15 Year-100%
Volatility
ATR(14)0.83
ATR(20)%9.43%
ATR Inc-40.77%
Range Today0.85
ADR(20)0.77
ADR(20)%8.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.2
Mansfield-5.86
10 Day High11.24
10 Day Low8.98
20 Day High14.01
20 Day Low8.98
52 Week High53.43
52 Week Low8.98
CS1 EndN/A
CR1 Start10.18
Volume & EV
DER(3)-1.93%
DER(5)-1.75%
Volume115.42M
Volume Incr9.75%
Vol(5)127.87M
Vol(50)100.30M