{"id":3234,"date":"2025-10-20T15:57:28","date_gmt":"2025-10-20T15:57:28","guid":{"rendered":"https:\/\/igorsplayground.com\/appcheckr\/soxs-crowded-with-sellers-nasdaq\/"},"modified":"2025-10-20T15:57:28","modified_gmt":"2025-10-20T15:57:28","slug":"soxs-crowded-with-sellers-nasdaq","status":"publish","type":"post","link":"https:\/\/igorsplayground.com\/appcheckr\/soxs-crowded-with-sellers-nasdaq\/","title":{"rendered":"SOXS Crowded With Sellers | Nasdaq"},"content":{"rendered":"

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In trading on Monday, shares of the Direxion Daily Semiconductors Bear 3x Shares ETF<\/strong> (Symbol: SOXS<\/strong>) entered into oversold territory, trading as low as $3.80<\/strong> per share. The concept of oversold territory is defined using the Relative Strength Index (RSI)<\/strong>, a technical analysis indicator that measures momentum on a scale from zero to 100. A stock is deemed oversold when its RSI reading falls below 30<\/strong>.<\/p>\n

\nFor the Direxion Daily Semiconductors Bear 3x Shares, the RSI reading has reached **29.9**. In contrast, the RSI for the **S&P 500** currently stands at **59.1**. This disparity suggests that SOXS may be experiencing significant selling pressure, which could be nearing its end. A bullish investor might interpret the **29.9** RSI reading as a potential signal that the recent heavy selling is exhausting itself, prompting them to seek entry points for buying opportunities.\n<\/p>\n

\nExamining a one-year performance chart (shown below), SOXS’s low point in its **52-week range** is **$3.77** per share, while the high point is **$53.43**. The last trade was recorded at **$3.79**, indicating that shares are currently down about **6%** on the day.\n<\/p>\n

\n\"Direxion\n<\/p>\n\n

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\n Find out what 9 other oversold stocks you need to know about \u00bb<\/a>\n<\/p>\n

Also see:<\/h5>\n