Technical Analysis for SOXS - Direxion Daily Semiconductor Bear 3x Shares

Grade Last Price % Change Price Change
F 29.84 -4.89% -1.54
SOXS closed down 4.94 percent on Tuesday, May 14, 2024, on approximately normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
180 Bearish Setup Bearish Swing Setup -4.89%
Outside Day Range Expansion -4.89%
Wide Bands Range Expansion -4.89%
Down 3 Days in a Row Weakness -4.89%
Oversold Stochastic Weakness -4.89%
NR7 Range Contraction -9.59%
Narrow Range Bar Range Contraction -9.59%
Inside Day Range Contraction -9.59%
Wide Bands Range Expansion -9.59%
Oversold Stochastic Weakness -9.59%

   Recent Intraday Alerts

Alert Time
Down 5% 36 minutes ago
60 Minute Opening Range Breakdown about 1 hour ago
2x Volume Pace about 2 hours ago
1.5x Volume Pace about 2 hours ago
3x Volume Pace about 2 hours ago

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Profile

The investment seeks daily investment results, before fees and expenses, of 300% of the inverse of the performance of the PHLX Semiconductor Sector Index. The fund creates short positions by investing at least 80% of its assets in: futures contracts; options on securities, indices and futures contracts; equity caps, floors and collars; swap agreements; forward contracts; short positions; reverse repurchase agreements; ETFs; and other financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The index measures the performance of the semiconductor subsector of the U.S. equity market. The fund is non-diversified.
Classification

Keywords: Exchange Traded Fund ETF Exchange Traded Funds Leveraged ETF Ultra ETF Semiconductor Inverse ETF Bear Market ETF Silver Exchange Traded Product Repurchase Agreement Forward Contract Phlx Semiconductor Sector

Top 10 Components

Symbol Grade Price % Change Allocation
NVDA B 2.96 8.24
QCOM A 2.59 8.23
TXN A 1.37 7.85
INTC F -0.29 7.36
AVGO C 1.45 7.00
AMD D 2.64 4.66
MU B 1.66 4.35
NXPI A 0.75 4.15
LRCX D 2.36 4.14
TSM B 1.82 3.95

Is SOXS a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 180.431
52 Week Low 27.282
Average Volume 18,210,326
200-Day Moving Average 70.49
50-Day Moving Average 34.76
20-Day Moving Average 37.00
10-Day Moving Average 34.51
Average True Range 2.46
RSI (14) 37.89
ADX 19.64
+DI 22.03
-DI 31.68
Chandelier Exit (Long, 3 ATRs) 39.45
Chandelier Exit (Short, 3 ATRs) 38.70
Upper Bollinger Bands 44.89
Lower Bollinger Band 29.10
Percent B (%b) 0.14
BandWidth 42.69
MACD Line -1.06
MACD Signal Line -0.42
MACD Histogram -0.6433
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 34.21
Resistance 3 (R3) 34.50 33.85 33.73
Resistance 2 (R2) 33.85 33.13 33.70 33.57
Resistance 1 (R1) 32.61 32.68 32.29 32.32 33.42
Pivot Point 31.96 31.96 31.80 31.81 31.96
Support 1 (S1) 30.72 31.24 30.40 30.43 29.32
Support 2 (S2) 30.07 30.79 29.92 29.17
Support 3 (S3) 28.83 30.07 29.01
Support 4 (S4) 28.54