SOXL ETF: Navigating Short-Term Volatility in Semiconductor Markets


SOXL: DIREXION DAILY SEMICONDUCTOR BULL 3X ETF has entered the Bullish zone three days ago, indicating an ongoing uptrend. However, it is currently entering a corrective phase marked by limited short-term gains and fluctuations. A brief correction period of approximately three days is expected. Following this, a strong upward trend is likely to resume, potentially starting either this Friday or early next week.

Nevertheless, as the uptrend progresses into next week, creating new peaks, the daily price movements are anticipated to become increasingly limited and temporary. By mid-October, the daily price trend is expected to enter the Bearish zone, characterized by significant and sharp declines, as the amplitude of both upward and downward movements widens.


Oct 10, 2023

◆ Closed price

20.05

3.46%

　

　

◆ Appropriate Investment Position: Bullish-Buy [Long-term strategy]

◆ Today's stock price Buy-Sell intensity analysis

The current trend appears to be 'Entering a correction trend'. The OPEN-price started with a weaker upward rate than the current trend and The HIGH and LOW prices are showing an appropriate HIGH-price to the current trend and a weaker LOW-price Finally, the CLOSE-price closed with a weaker upward rate than the current trend.

The overall buy-and-sell intensity indicates that the buy intensity is stronger than the sell.

Assuming that the average buy intensity is 100%,

Today's buy intensity is

89%

 

 

◆ Tomorrow's stock price Buy-Sell intensity Prediction

Based on recent stock trends and technical analysis, it looks like SOXL stock will enter an Correction trend tomorrow

The %intensity of Risk & Return tomorrow :

-45%

HIGH ~ LOW % range tomorrow :

0.0%

-3.4%

Predicted Average loss over the next 3 days:

-8.7%

The price of SOXL stock moves in line with the rise and fall of the stock market index with a probability of

81%

 

, and conversely, it moves against the stock market index trend with a probability of

19%

 

because of the high similarity, the predicted flow might change depending on the flow of the stock market index. If any changes are made, the stock flow of the 10-day forecast may also change.

◆ SOXL stock price 10 Day prediction [Short-term strategy]

It is expected that the overall trend movement over the next 10 days will follow an ascending rectangle pattern, with a ratio of 5 : 5 for the downward to upward direction, with the proportion of the upward and downward trend being equal. And, in terms of the expected strength of the upward and downward movements, the upward strength is higher, while the downward strength is moderate. Currently, it's about to begin a correction trend as an upward trend gradually gives way to a slowdown in rises and falling fluctuations. and It's maintaining a suitable Buy-Sell intensity for the current trend conditions.

Indicating that We are currently in a bullish zone. Therefore, it is recommended to implement a strategy to increase profits and take a suitable investing position. A suitable investing position is 'Buy(Bullish) and Hold' for now. The appropriate buying timing is predicted to be in 3 days.

The buying date is

Oct 12

to

Oct 13

A good price to buy a stock:

$ 18.85

And the appropriate selling timing is predicted to be in 6 days.

 

The selling date is

Oct 17

to

Oct 18

A good price to sell a stock:

$ 21.17

(Prediction may shift due to changes in the Buy-Sell intensity)

◆ Volatility of Prediction

Due to maintaining a proper flow of Buy-Sell intensity that is suitable for the current trend, pretiming predictions may have low volatility.

◆ Prediction the turning point of the trend

The probability of a trend reversal occurring approximately 1 day from now, 4 days from now, 7 days from now, 9 days from now

46%

◆ Prediction of Upper~Lower price range over the next 10 days

Price:

19.11

~

21.05

% Change:

-4.7%

~

5.0%

Median price between the upper and lower prices

20.08

0.1%

◆ Analysis of the trend zone & level% and average intensity of trends

For the last 30 days, the average trend zone & level%

Bearish

-25%

The Current trend zone & level%

Bullish

54%

The expected average trend zone & level% for the next 10 days

Bullish

55%

If the trend moves upward from the current trend level%, it's expected to have an average upward strength of

92%

(Max 100%)

And if it moves downward, it is expected to have a downward strength of

-40%

(Min -100%)

◆ Prediction the intensity of the trend and the range of the HIGH ~ LOW

Trend

%Intensity

HIGH

LOW

In 1 day: Entering a correction trend

-45%

0.0%

-3.4%

In 2 days: Correction trend

-40%

0.0%

-2.0%

In 3 days: Entering an uptrend

-50%

-0.1%

-3.5%

In 4 days: Entering an uptrend

92%

4.3%

0.0%

In 5 days: Uptrend

93%

6.3%

-1.2%

In 6 days: Entering a correction trend

82%

4.5%

-0.1%

In 7 days: Entering a correction trend

-46%

-0.2%

-5.2%

In 8 days: Correction trend

-46%

0.0%

-3.7%

In 9 days: Entering an uptrend

-16%

-0.1%

-0.9%

In 10 days: Uptrend

100%

6.5%

0.4%

◆ Average closing price in case of rising:

 

5.1%

=> HIGH ~ LOW range:

6.4%

~

-0.8%

◆ Average closing price in case of falling:

 

-2.9%

=> HIGH ~ LOW range:

1.1%

~

-4.9%

The 10-day prediction and technical analysis of SOXL stock are conducted based on the analysis of buy-sell intensity by the pretiming analysis. This analysis provides detailed information on various aspects, including the best stocks to buy, stock price targets, and investment strategies. It also includes bearish and bullish stock trend analysis as well as stock technical analysis.

 

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