Direxion Daily Semiconductor Bull 3X Shares (SOXL)

Direxion Daily Semiconductor Bull 3X Shares is trading at $130.04, down 14.18% on the session. The 50 day average sits at $180.26 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 49.2, which reads as neutral, and MACD is bullish crossover. Volume is below average.

The nearest support is around $116.47 with resistance near $165.75, so that band frames the current range. Average daily movement is roughly $20.46, or about 15.7% of the share price, which is what any stop placement has to allow for. The overall health score of 37 out of 100 combines a trend score of 25, momentum of 67 and a risk score of 16.

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.