DIREXION DAILY SEMI BEAR 3X (SOXS) Stock Technical Analysis
NYSEARCA:SOXS - NYSE Arca - US25460G1123 - ETF - Currency: USD
Taking everything into account, SOXS scores 0 out of 10 in our technical rating. 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.
99% of all other stocks performed better in the past year than SOXS.
SOXS is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
SOXS has an average volume of 156640000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month SOXS has a been trading in the 6.85 - 8.37 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SOXS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 7.15, a Stop Loss order could be placed below this zone.
More info and screens
7.05
7.74
When analyzing the support we notice one important area.
- A support zone ranging from 7.12 to 7.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.66 to 7.66. 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 | 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 | 1.26 | NEGATIVE | SOXS has a low relative strength, it was outperformed by 98.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SOXS is above 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) | 39.97 | NEUTRAL | The RSI value for SOXS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests SOXS has a positive trend. |
| Stochastics (14,3) | 70.49 | NEUTRAL | The Stochastics value for SOXS is a neutral value. |
| Average True Range in percent/ATR (20) | 5.4 | HIGH VOLATILITY | The high ATR as a percentage value for SOXS suggests high volalility. |
| Average Directional Index/ADX (14) | 19.9 | NEGATIVE | The low ADX value for SOXS 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)
7.65
+0.02 (+0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.26%
1 Week6.84%
2 Weeks6.55%
1 Month-2.8%
3 Month-58.83%
6 Month-57.71%
12 Month-70.89%
2 Year-90.73%
3 Year-98.04%
5 Year-99.85%
10 Year-100%
15 Year-100%
Volatility
ATR(14)0.41
ATR(20)%5.4%
ATR Inc-37.84%
Range Today0.25
ADR(20)0.37
ADR(20)%4.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.26
Mansfield-6.57
10 Day High7.87
10 Day Low6.85
20 Day High8.37
20 Day Low6.85
52 Week High53.43
52 Week Low6.85
CS1 End7.15
CR1 Start7.66
Volume & EV
DER(3)0.04%
DER(5)1.78%
Volume111.72M
Volume Incr0.67%
Vol(5)195.53M
Vol(50)156.64M