
Technical analysis of Direxion Daily Semiconductor Bull 3X Shares (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
SOXL is an exchange-traded fund that provides 3X daily leveraged exposure to the thirty largest U.S. listed semiconductor companies, tracking a market capitalization-weighted index. The fund invests at least 80% of its net assets in financial instruments such as swap agreements, index securities, and ETFs that track the index to achieve its investment objective.
Description generated automatically from public sources; it may be inaccurate or out of date.
Closing values for October 21, 2026, computed on the last 12 months of prices.
21 sessions
135.01 $
−23.50%
50 sessions
127.26 $
−18.84%
200 sessions
122.78 $
−15.88%
s2
85.91
Support
s1
91.73
Support
pivot
97.17
Pivot
r1
103.00
Resistance
r2
108.44
Resistance
In the October 21, 2026 session Direxion Daily Semiconductor Bull 3X Shares closed higher at 103.29 $, +5.88% versus the previous session.
The price sits below every moving average observed: −23.50% against the 21-session average, −18.84% against the 50 and −15.88% against the 200.
The 14-period RSI reads 37.1, in neutral territory.
MACD stands at -9.069 against a signal line at -3.169: the histogram is negative (−5.900).
ADX reads 23.4, indicating weak directionality.
Levels computed on the latest session place supports at 91.73 and 85.91 $ and resistances at 103.00 and 108.44 $, around a pivot of 97.17.
The average daily range (ATR) is 12.352 $, or 11.96% of price.
Turnover was 72.7M shares, 99% of the 20-session average.
Over the last twelve months the price ranged between 91.35 and 301.80 $, and today stands −65.78% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
How is Direxion Daily Semiconductor Bull 3X Shares analysed technically?
Technical analysis of Direxion Daily Semiconductor Bull 3X Shares is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for Direxion Daily Semiconductor Bull 3X Shares?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to Direxion Daily Semiconductor Bull 3X Shares?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Direxion Daily Semiconductor Bull 3X Shares it helps frame the technical structure of the historical chart and is not a forecast.
Disclaimer. For informational purposes only; not financial advice or a recommendation. Montbon Analytics is not an authorised financial intermediary.
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