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A Deep Dive Into Direxion Semiconductor Bull 3X Shares (SOXL)'s Levels

A principle of technical analysis is that once a trend has been formed (two or more peaks/troughs have touched the trendline and reversed direction) it will remain intact until broken. Investors may want to start by setting specific individual goals. If they do not, it is a sure indicator of weakness in the trend, and thus a trend reversal may be well on the horizon.

Investors may be watching other technical indicators such as the Williams Percent Range or Williams %R. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. Simply put, the ATR determines the volatility of a security over a given period of time, or the tendency of the security to move one direction or another.

Genesys International (GENESYS.BO) now has a 14-day Commodity Channel Index (CCI) of 124.75. The RSI oscillates on a scale from 0 to 100. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend.

Sep 14 is a positive day so far for Direxion Daily Real Estate Bull 3X ETF (NYSEARCA:DRN) as the ETF is active during the day after gaining 1.92% to hit $23.4 per share. Typically, if the value heads above -20, the stock may be considered to be overbought. A reading from -80 to -100 would signal an oversold situation.

We can also take a look at the Average Directional Index or ADX of Direxion Daily MSCI India Bull 3X Shares (INDL). ADX calculations are made based on the moving average price range expansion over a specified amount of time. The RSI value will always move between 0 and 100. The PSAR, Developed by Welles Wilder, is created to determine the point in time when there emerges a better than average probability of a trend switching directions. Currently, the 14-day ADX for Marechale Capital Plc (MAC.L) is 15.75. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. A value of 25-50 would indicate a strong trend.

Over the course of the day 8,573 shares traded hands, as compared to an average volume of 119,020 over the last 30 days for Direxion Daily Healthcare Bull 3X ETF (NYSEARCA:CURE). The Average True Range is an investor tool used to measure stock volatility. Sometimes, investors will have a few missteps that generally include buying when the market is too high, selling when the market is low, or being on the sidelines during a major charge higher.

Investors and traders using technical analysis to examine stocks may be interested in taking a look at the ATR or Average True Range. Different time periods may be used when using the RSI indicator. Many traders will use the ADX alongside other indicators in order to help spot proper trading entry/exit points. They may also be used to help the trader figure out reliable support and resistance levels for the stock. In terms of moving averages, the 200-day is now at 0.10, the 50-day is 0.12, and the 7-day is resting at 0.13.

The Relative Strength Index (RSI) is a highly popular technical indicator. The ATR is an indicator developed by J. Welles Wilder. Many investors look to the Relative Strength Index (RSI) reading of a particular stock to help identify overbought/oversold conditions. RSI can be used to detect general trends as well as finding divergences and failure swings.



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