Direxion Daily Semicondct Bear 3X ETF (SOXS, $35.1) entered Downtrend as Momentum indicator drops below 0 level on Apr 26, 2024

A.I.dvisor
at Tickeron.com
04/27/24
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SOXS - Direxion Daily Semicondct Bear 3X ETF
Momentum signal
Bearish Trend
Odds of DOWN Trend
Momentum signal
Price: $35.1
Daily change: -$2.34 (-6.25%)
Daily volume: 22.6M
Net Assets: $585.5M
This indicator may be signaling that SOXS's price has further to drop, since it fell below its price logged 14 days ago. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 93 similar cases where SOXS's Momentum Indicator fell below the 0 level, and of them led to a successful outcome. Odds of Success:
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SOXSDaily Signal changed days agoGain/Loss if shorted
 
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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/