RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SOXL
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Big movements in SOXL ETF price on Wednesday moving 15.48% between high and low
(Updated on Jul 24, 2024)

Sell candidate since Jul 17, 2024 Loss -16.78% PDF

The SOXL ETF price declined by -15.10% on the last trading day (Wednesday, 24th Jul 2024), dropping from $50.53 to $42.90. During this trading session, the ETF experienced a fluctuation of 15.48%, with a low of $42.25 and a high of $48.79. The price has shown volatility in this timeframe, resulting in a loss of -37.52% over the past two weeks. Volume increased on the last day by 41 million shares, albeit amid declining prices. This trend may serve as an early warning, indicating a slight increase in risk over the next few days. In total, 88 million shares were traded, amounting to approximately $3.78 billion.

Given the current short-term trend, the ETF is expected to rise 43.39% during the next 3 months and, with a 90% probability hold a price between $61.51 and $103.59 at the end of this 3-month period.

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SOXL Signals & Forecast

There are few to no technical positive signals at the moment. The SOXL ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $51.70 and $56.99. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, July 10, 2024, and so far it has fallen -37.52%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.

Support, Risk & Stop-loss for SOXL ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $39.75 and $37.45. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, SOXL finds support just below today's level at $39.75. If this is broken, then the next support from accumulated volume will be at $37.45 and $34.19.

This ETF may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this ETF is considered to be "high risk". During the last day, the ETF moved $6.54 between high and low, or 15.48%. For the last week, the ETF has had daily average volatility of 10.08%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SOXL) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Direxion Daily Semicondct Bull 3X ETF to open at $44.65, and during the day (based on 14 day Average True Range), to move between $37.82 and $47.98, which gives a possible trading interval of +/-$5.08 (+/-11.83%) up or down from last closing price. If Direxion Daily Semicondct Bull 3X ETF takes out the full calculated possible swing range there will be an estimated 23.67% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $39.75 (7.34%) than the resistance at $47.00 (9.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Direxion Daily Semicondct Bull 3X ETF ETF A Buy?

The SOXL ETF holds several negative signals and despite the positive trend, we believe SOXL will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.

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Current score: -3.744 Sell Candidate Unchanged

Predicted Opening Price for Direxion Daily Semicondct Bull 3X ETF of Thursday, July 25, 2024

Fair opening price July 25, 2024 Current price
$44.65 ( 4.07%) $42.90

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SOXL

Fibonacci Support & Resistance Levels

Level Price
R3 51.19 19.32%
R2 48.69 13.49%
R1 47.14 9.89%
Price 42.90
S1 42.15 -1.75%
S2 40.60 -5.35%
S3 38.11 -11.17%

Accumulated Volume Support & Resistance Levels

Level Price
R3 51.55 20.16%
R2 48.59 13.26%
R1 47.00 9.56%
Price 42.90
S1 39.75 -7.34%
S2 37.45 -12.70%
S3 34.19 -20.30%

SOXL Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 18, 2024 Mar 19, 2024 Mar 26, 2024 $0.0353 0.0784%
2 Dec 21, 2023 Dec 21, 2023 Dec 21, 2023 $0.0630 0.208%
3 Feb 11, 2023 Sep 19, 2023 Sep 26, 2023 $0.0330 0.191%
4 Feb 11, 2023 Jun 21, 2023 Jun 28, 2023 $0.0380 0.160%
5 Feb 11, 2023 Mar 21, 2023 Mar 28, 2023 $0.0250 0.160%

FAQ

What is the symbol for SOXL ETF and on which exchange is it traded?
The symbol for SOXL is SOXL and it is traded on the NYSEARCA (NYSE Arca).

Should I buy or sell SOXL ETF?
The SOXL ETF holds several negative signals and despite the positive trend, we believe SOXL will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.

How to buy SOXL ETF?
SOXL ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy SOXL ETF.

What's the current price of SOXL ETF?
As of the end of day on the Jul 24, 2024, the price of an SOXL (SOXL) share was $42.90.

What is the 52-week high and low for SOXL ETF?
The 52-week high for SOXL ETF is $70.08 and the 52-week low is $14.01.

What is the market capitalization of SOXL ETF?
As of the Jul 24, 2024, the market capitalization of SOXL is 8.754B.
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About Direxion Daily Semicondct Bull 3X ETF

The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index measures the performance of domestic companies engaged in the design, distribution, manufacture and ... SOXL Profile

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