Direxion Daily Semiconductor Bear 3X ETF Forecast

Sell candidate since Apr 22, 2025 Loss -51.92%

The Direxion Daily Semiconductor Bear 3X ETF price fell by -21.59% on the last day (Monday, 12th May 2025) from $15.99 to $12.54. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 9.02% from a day low at $12.19 to a day high of $13.29. The price has fallen in 6 of the last 10 days and is down by -33.01% for this period. Volume has increased on the last day by 102 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, 157 million shares were bought and sold for approximately $1.97 billion.

Given the current short-term trend, the ETF is expected to fall -3.83% during the next 3 months and, with a 90% probability hold a price between $12.06 and $44.54 at the end of this 3-month period.

SOXS Signals & Forecast

There are few to no technical positive signals at the moment. The Direxion Daily Semiconductor Bear 3X ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the ETF. 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 $16.35 and $24.49. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 08, 2025, and so far it has fallen -73.33%. 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 Direxion Daily Semiconductor Bear 3X ETF

There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.

This ETF may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this ETF is considered to be "very high risk". During the last day, the ETF moved $1.10 between high and low, or 9.02%. For the last week, the ETF has had daily average volatility of 7.70%.

Direxion Daily Semiconductor Bear 3X is oversold on RSI14 (10). Some ETFs may fall long and hard while being oversold on RSI, but ETFs that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Trading Expectations (SOXS) For The Upcoming Trading Day Of Tuesday 13th

For the upcoming trading day on Tuesday, 13th we expect Direxion Daily Semiconductor Bear 3X Shares to open at $12.67, and during the day (based on 14 day Average True Range), to move between $9.40 and $15.68, which gives a possible trading interval of +/-$3.14 (+/-25.02%) up or down from last closing price. If Direxion Daily Semiconductor Bear 3X Shares takes out the full calculated possible swing range there will be an estimated 50.05% move between the lowest and the highest trading price during the day.

Is Direxion Daily Semiconductor Bear 3X Shares ETF A Buy?

Direxion Daily Semiconductor Bear 3X holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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 Sell to a Strong Sell candidate.

Current score: -5.125 Strong Sell Candidate Downgraded

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Predicted Fair Opening Price

Predicted fair opening price on May 13, 2025 - $12.67 ( 1.06%).