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The SOXL ETF price gained 7.26% on the last trading day (Monday, 6th Jul 2026), rising from $181.47 to $194.65. During the last trading day the ETF fluctuated 8.54% from a day low at $194.22 to a day high of $210.80. The price has been going up and down for this period, and there has been a -30.18% loss for the last 2 weeks. Volume fell on the last day by -49 million shares and in total, 41 million shares were bought and sold for approximately $8.01 billion. 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 lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $184.59 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift.Given the current short-term trend, the ETF is expected to rise 137.03% during the next 3 months and, with a 90% probability hold a price between $437.52 and $779.39 at the end of this 3-month period.
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SOXL ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the ETF. On corrections up, there will be some resistance from the lines at $223.52 and $219.95. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 22, 2026, and so far it has fallen -35.28%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
On the downside, the ETF finds support just below today's level from accumulated volume at $182.54 and $181.47.There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, SOXL finds support just below today's level at $182.54. If this is broken, then the next support from accumulated volume will be at $181.47 and $180.65.
This ETF may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this ETF is considered to be "very high risk". During the last day, the ETF moved $16.58 between high and low, or 8.54%. For the last week, the ETF has had daily average volatility of 18.80%.
The SOXL ETF holds several negative signals and despite the positive trend, we believe SOXL will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Check full SOXL forecast and analysis here.