SOXL

Technical Sentiment Analysis for Direxion Daily Semiconductor Bull 3X ETF (SOXL). As of 2026-05-06, Direxion Daily Semiconductor Bull 3X ETF (SOXL) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 15 technical signals, shows that 10 indicators are flashing buy, while 5 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SOXL stands at 82.14, which suggests a Sell condition. Meanwhile, the MACD (12, 26) indicator is at 20.81, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 94.53 and the Commodity Channel Index (CCI) at 177.67 further confirm a 60.21 outlook for the ETF.

Support, Resistance & Moving Averages. From a structural perspective, SOXL is trading above its 60-day moving average of $74.47 and above its 200-day long-term moving average of $50.37. Key price levels to watch include the immediate resistance at $161.8 and strong support at $99.79. A break above $161.8 could signal a bull continuation, while falling below $99.79 may test the next Fibonacci floor at $70.89.