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The SOXL ETF price gained 5.99% on the last trading day (Friday, 7th Aug 2026), rising from $132.33 to $140.25. During the last trading day the ETF fluctuated 9.39% from a day low at $131.56 to a day high of $143.92. The price has risen in 5 of the last 10 days and is up by 2.51% over the past 2 weeks. Volume fell on the last day by -56 million shares and in total, 0 shares were bought and sold for approximately $0 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled.Given the current short-term trend, the ETF is expected to fall -24.33% during the next 3 months and, with a 90% probability hold a price between $58.40 and $194.34 at the end of this 3-month period.
A buy signal was issued from a pivot bottom point on Wednesday, August 05, 2026, and so far it has risen 6.19%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The SOXL ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the ETF. On further gains, the ETF will meet resistance from the long-term Moving Average at $173.90. On a fall, the ETF will find some support from the short-term average at $127.24. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
SOXL finds support from accumulated volume at $136.81 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $12.36 between high and low, or 9.39%. For the last week the ETF has had daily average volatility of 12.53%
SOXL holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Check full SOXL forecast and analysis here.