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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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A very red day for SOXL ETF price after a -9.37% fall in the Friday trading session
(Updated on Apr 12, 2024)

Sell candidate since Apr 12, 2024 PDF

The SOXL ETF price fell by -9.37% on the last day (Friday, 12th Apr 2024) from $45.80 to $41.51. During the last trading day the ETF fluctuated 6.13% from a day low at $41.03 to a day high of $43.55. The price has risen in 6 of the last 10 days but is still down by -10.79% for this period. Volume has increased on the last day by 15 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 79 million shares were bought and sold for approximately $3.27 billion.

Given the current short-term trend, the ETF is expected to rise 33.39% during the next 3 months and, with a 90% probability hold a price between $55.37 and $82.22 at the end of this 3-month period.

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SOXL Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $43.68 and $45.23. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -24.96%. Further fall is indicated until a new bottom pivot has been found. 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

SOXL finds support from accumulated volume at $41.42 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $2.51 between high and low, or 6.13%. For the last week, the ETF has had daily average volatility of 6.05%.

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 Monday 15th

For the upcoming trading day on Monday, 15th we expect Direxion Daily Semicondct Bull 3X ETF to open at $42.03, and during the day (based on 14 day Average True Range), to move between $38.12 and $44.90, which gives a possible trading interval of +/-$3.39 (+/-8.17%) 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 16.34% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $41.42 (0.22%) than the resistance at $48.33 (16.43%), 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.780 Sell Candidate Downgraded

Predicted Opening Price for Direxion Daily Semicondct Bull 3X ETF of Monday, April 15, 2024

Fair opening price April 15, 2024 Current price
$42.03 ( 1.25%) $41.51

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
Resistance R3 44.54 7.31 %
R2 43.58 4.99 %
R1 42.99 3.56 %
Current price: 41.51
Support S1 41.07 -1.07 %
S2 40.47 -2.50 %
S3 39.51 -4.81 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 50.22 20.98 %
R2 48.84 17.66 %
R1 48.33 16.43 %
Current price 41.51
Support S1 41.42 -0.217%
S2 37.48 -9.71%
S3 31.19 -24.86%

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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

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 2024-04-12, the price of an SOXL (SOXL) share was $41.51.

What is the 52-week high and low for SOXL ETF?
The 52-week high for SOXL ETF is $56.99 and the 52-week low is $12.52.

What is the market capitalization of SOXL ETF?
As of the 2024-04-12, the market capitalization of SOXL is 10.566B.
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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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