DIREXION DAILY SEMI BULL 3X (SOXL) Stock Technical Analysis
NYSEARCA:SOXL - NYSE Arca - US25459W4583 - ETF - Currency: USD
We assign a technical rating of 1 out of 10 to SOXL. SOXL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
81% of all other stocks performed better in the past year than SOXL.
SOXL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
SOXL has an average volume of 74038600 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!
In the last month SOXL has a been trading in the 23.75 - 34.94 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of SOXL is bad and it also does not present a 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
24.81
36.57
We found 2 important support areas.
- Support @25.96 from a horizontal line in the weekly time frame.
- Support @25.06 from a horizontal line in the daily time frame.
6 important resistance areas can be observed.
- Resistance @31.04 from a trend line in the weekly time frame.
- Resistance @31.70 from a horizontal line in the daily time frame.
- Resistance @32.65 from a horizontal line in the weekly time frame.
- Resistance @33.37 from a trend line in the daily time frame.
- Resistance @34.78 from a trend line in the daily time frame.
- Resistance @36.21 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.72
Mansfield-3.14
10 Day High32.64
10 Day Low25.8
20 Day High34.94
20 Day Low23.75
52 Week High70.08
52 Week Low23.5
Performance
1 Week1.19%
2 Weeks4.04%
1 Month-17.5%
3 Month1.12%
6 Month-28.69%
12 Month-28.28%
2 Year96.66%
3 Year-29.75%
5 Year110.81%
10 Year1050.64%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.41
RSI(14)49.72
LBB24.7
UBB31.71
28.81
-2.89 (-9.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-9.12%
1 Week1.19%
2 Weeks4.04%
1 Month-17.5%
3 Month1.12%
6 Month-28.69%
12 Month-28.28%
2 Year96.66%
3 Year-29.75%
5 Year110.81%
10 Year1050.64%
15 YearN/A
Volatility
ATR(14)1.81
ATR(20)%7.77%
ATR Inc58.28%
Range Today3.56
ADR(20)1.92
ADR(20)%6.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.72
Mansfield-3.14
10 Day High32.64
10 Day Low25.8
20 Day High34.94
20 Day Low23.75
52 Week High70.08
52 Week Low23.5
CS1 End25.96
CR1 Start31.04
Volume & EV
DER(3)-0.83%
DER(5)0.73%
Volume61.97M
Volume Incr-29.43%
Vol(5)54.92M
Vol(50)74.04M