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Investtech Indices
Semiconductor Bull 3X (SOXL.US)
Close: 35.12 (+3.98), Sep 19, 2024
Extreme risk
Candlesticks
Short term: Negative
Medium term: Hold
Long term: Hold
Short term
Semiconductor Bull 3X Direxion has broken the ceiling of the falling trend in the short term, which indicates a slower initial falling rate. The stock has support at dollar 26.00 and resistance at dollar 42.00. Volume has previously been low at price tops and high at price bottoms. This weakens the trend break. The RSI curve shows a rising trend, which could be an early signal of the start of a rising trend for the price as well. The stock is overall assessed as technically negative for the short term.Recommendation one to six weeks: Negative (Score: -53)
Medium term
Semiconductor Bull 3X Direxion has broken through the floor of a rising trend channel in the medium long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The stock has support at dollar 30.00 and resistance at dollar 55.00. The RSI curve shows a falling trend, which could be an early signal of the start of a falling trend for the price as well. The stock is overall assessed as technically neutral for the medium long term.Recommendation one to six months: Hold (Score: 10)
Long term
Semiconductor Bull 3X Direxion is in a rising trend channel in the long term. Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing. A head and shoulders formation is under development. A decisive break of the support at 24.39, ideally with an increase in volume, signals a further fall. The stock has support at dollar 28.00 and resistance at dollar 70.00. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. This weakens the rising trend and could be an early signal of a coming trend break. The stock is overall assessed as technically neutral for the long term.Recommendation one to six quarters: Hold (Score: -16)
Overall analysis
Semiconductor Bull 3X Direxion is technically negative for the short term, and neutral for the medium and long term.Recommendation one to six months: Weak Negative (Score: -33)
Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer.
The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.
Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer.
The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.
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