Direxion Daily Semiconductor Bull 3X Shares (SOXL)

Direxion Daily Semiconductor Bull 3X Shares is trading at $104.02, down 7.78% on the session. The 50 day average sits at $160.10 and the 200 day at $107.08, which puts the stock in a uptrend. RSI is at 40.5, which reads as weak, and MACD is bullish crossover. Volume is average.

The nearest support is around $106.00 with resistance near $144.34, so that band frames the current range. Average daily movement is roughly $15.92, or about 15.3% of the share price, which is what any stop placement has to allow for. The overall health score of 46 out of 100 combines a trend score of 50, momentum of 54 and a risk score of 28.

The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index, that, in combination, provide 3X daily leveraged exposure to the index, consistent with the fund's investment objective. The index is a rules-based, modified float-adjusted market capitalization-weighted index that tracks the performance of the thirty largest U.S. listed semiconductor companies. The fund is non-diversified.