SOXL Stock Summary and Trading Ideas (Direxion Daily Semiconductors Bull 3X | ARCA:SOXL)

The Direxion Daily Semiconductor Bull 3x ETF seeks daily investment results before fees and expenses of 300% of the price performance of the ICE Semiconductor Index. There is no guarantee the fund will meet its stated investment objective.

Direxion Daily Semiconductors Bull 3X trades on the ARCA stock market under the symbol SOXL.

As of April 24, 2024, SOXL stock price climbed to $35.49 with 69,458,803 million shares trading.

SOXL has a beta of 5.36, meaning it tends to be more sensitive to market movements. SOXL has a correlation of 0.56 to the broad based SPY ETF.

SOXL has a market cap of $9.68 billion. This is considered a Mid Cap stock.

In the last 3 years, SOXL stock traded as high as $74.21 and as low as $6.21.

SOXL has outperformed the market in the last year with a return of +140.0%, while the SPY ETF gained +24.2%. However, in the most recent history, SOXL shares have underperformed the stock market with its stock returning -1.1% in the last 3 month period and -21.8% for the last 2 week period, while SPY has returned +4.6% and -2.7%, respectively.

SOXL support price is $32.18 and resistance is $36.05 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SOXL stock will trade within this expected range on the day.