SOXS Stock Direxion Daily Semicondct Bear 3X ETF (SOXS, $21.78) Aroon Indicator entered a Downtrend on January 29, 2025.

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SOXS - Direxion Daily Semicondct Bear 3X ETF

Aroon signal

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Odds of DOWN Trend

Price: $21.78

Daily change: -$0.22 (-1%)

Daily volume: 37.1M

Net Assets: $826.5M

SOXS's Stochastic Oscillator soaring into overbought zone

The Stochastic Oscillator for SOXS moved into overbought territory on January 29, 2025. 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.

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day moving average for SOXS crossed bearishly below the 50-day moving average on January 03, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 12 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

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 .

The Aroon Indicator for SOXS entered a downward trend on January 29, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on January 27, 2025. You may want to consider a long position or call options on SOXS as a result. In of 94 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 January 27, 2025. 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 January 27, 2025 date and that indicates a change from a downward trend to an upward trend.

Following a +3 3-day Advance, the price is estimated to grow further. Considering data from situations where SOXS advanced for three days, in of 262 cases, the price rose further within the following month. The odds of a continued upward trend are .