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SOXS Stock Direxion Daily Semicondct Bear 3X ETF (SOXS, $23.11) Moving Average Convergence Divergence (MACD) Histogram turned positive on December 20, 2024

A.I.dvisor
at Tickeron.com
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SOXS - Direxion Daily Semicondct Bear 3X ETF
MACD signal
Bullish Trend
Odds of UP Trend
Tickeron
MACD signal
Price: $23.11
Daily change: -$0.97 (-4.03%)
Daily volume: 48.4M
Net Assets: $732.3M
This is a Bullish indicator signaling SOXS's price could rise from here. Traders may explore going long the stock or buying call options. A.I. dvisor identified 47 similar cases where SOXS's MACD histogram became positive, and of them led to successful outcomes. Odds of Success:

SOXS's Stochastic Oscillator ascending into overbought zone

The Stochastic Oscillator for SOXS moved into overbought territory on December 20, 2024. Be on the watch for a price drop or consolidation in the future -- when this happens, think about selling the stock or exploring put options.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SOXS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on December 18, 2024. You may want to consider a long position or call options on SOXS as a result. In of 95 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for SOXS just turned positive on December 20, 2024. Looking at past instances where SOXS's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .

SOXS moved above its 50-day moving average on December 18, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for SOXS crossed bullishly above the 50-day moving average on November 15, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where SOXS advanced for three days, in of 261 cases, the price rose further within the following month. The odds of a continued upward trend are .

SOXS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 87 cases where SOXS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

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General Information

Category Trading

Profile
Fundamentals
Details
Category
Trading--Inverse Equity
Address
Direxion Shares ETF Trust33 Whitehall Street,10th FloorNew York
Phone
866-476-7523
Web
http://www.direxioninvestments.com/