SOXL Direxion Daily Semiconductor Bull 3X ETF
Direxion Daily Semiconductor Bull 3X ETF (SOXL) trend channel, buy level and 3-month target on Trade The Path. Sector: Financial Services. Listed on ARCA. Levels below are fitted to this ticker's own swing highs and lows (Theil–Sen, log-price), then projected 3 months. If this ticker has no settled sample yet, treat the numbers as a geometric read, not a track record. Information only, not financial advice.
Broken down below, rising on both timeframes
Price has closed below the channel. Support has failed — treat the buy target with caution.
Read from the last 12 months of history we hold: rising, drifting more than +100% a year. The nearest ceiling overhead is US$397.01. What would overturn this: a close below US$128.78 — the floor of the channel being read — after which the trend, not the entry, is what was wrong.
- 12 months read from
- US$129.24 – US$397.66 Rising channel, more than +100% a year
- Position in that channel
- -9% below the floor of it — 0% is the floor, 100% the ceiling
What broke this trend
- The fall
- -69% from US$301.4222 June 2026 → 29 July 2026
- Whose problem it was
- This company1 of 4 Asset Management - Leveraged peers fell with it
- Does it resolve?
- Unsettled too close to a coin toss on the record to call
- Regained so far
- 5%of what it lost
- What the record says
- 46% of 384 comparable falls came back, typically in 167 days measured across every stock we hold history for, its peer group being too small
The trend broke in June 2026: price fell 69% from 301.42 to 92.00 by July 2026, and has regained 5% of that fall since. Its peers did not fall with it, so this was about the company rather than its sector. The wire that week: “Why Tuesday’s Semiconductor Crash Went Further Than It Should Have”. What happens next is not settled: falls of about 69% here have come back to the old high 46% of the time (384 comparable falls), typically in 167 days, which is too close to a coin toss to price a recovery from.
Reported at the time: Why Tuesday’s Semiconductor Crash Went Further Than It Should Have — 23 June 2026
Price history, with the path projected 3 months forward
- Daily close
- Upper trend line (12 months)
- Lower trend line (12 months)
- Dashed after today: projected 3 months
- Our buy
- Our target
Our target
No published call today because price has broken 20.2% below the channel floor, which is a fall out of the trend rather than a dip within it. No alerts are sent. The buy and target below are still this site's read of the fitted channel.
Buy now
US$104.53
last close · 16 Sept 2026
Channel buy is US$129.74; last close is the better price available now.
Our target
US$530.42
by 16 Dec 2026
Projected move
407.4%
gross, before costs
Last close is our buy — the best price available now.
- Upper line touches
- 2
- Lower line touches
- 2
- Fit confidence
- 22%
- Fitted
- 16 Sept 2026
About Direxion Daily Semiconductor Bull 3X ETF
The Direxion Daily Semiconductor Bull and Bear 3X Exchange-Traded Funds (ETFs) are engineered to deliver daily investment outcomes that are triple (300%) the movement of the NYSE Semiconductor Index, or triple the inverse (opposite) of its performance, prior to the deduction of fees and expenses. It is important to note that these funds offer no guarantee of successfully reaching their stated investment targets.
- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Country
- US
https://www.direxion.com/product/daily-semiconductor-bull-bear-3x-etfs
Scorecard
Our own pillar scores, computed from the fundamentals below. They are not Morningstar ratings — that data is licensed and we do not redistribute it.
- Valuation
- —
- Profitability
- —
- Financial health
- —
- Cash generation
- —
Key statistics
- Market cap
- US$33.71B
- Enterprise value
- —
- Beta
- 7.64
- Avg volume
- 62.24M
- Revenue per share
- —
- Dividend yield
- —
- 52-week range
- 28.12-302
- Exchange
- AMEX
Key ratios
- P/E (TTM)
- —
- PEG
- —
- Price / sales
- —
- Price / book
- —
- EV / EBITDA
- —
- Gross margin
- —
- Operating margin
- —
- Net margin
- —
- Current ratio
- —
- Quick ratio
- —
- Debt / equity
- —
- Interest cover
- —
Income statement
Balance sheet
Cash flow
Trend lines are fitted statistically to past swing highs and lows and projected forward on the assumption the same rhythm continues. It often does not. This is information, not advice.