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The SOXL ETF price gained 6.75% on the last trading day (Thursday, 23rd Apr 2026), rising from $105.64 to $112.77. It has now gained 10 days in a row. It is not often that ETFS manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the ETF fluctuated 8.66% from a day low at $107.47 to a day high of $116.77. The price has risen in 10 of the last 10 days and is up by 56.67% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 37 million more shares were traded than the day before. In total, 94 million shares were bought and sold for approximately $10.57 billion.
Given the current short-term trend, the ETF is expected to rise 19.40% during the next 3 months and, with a 90% probability hold a price between $54.60 and $134.65 at the end of this 3-month period.
Mostly positive signals in the chart today. The SOXL ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the ETF. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $97.35 and $64.72. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 30, 2026, and so far it has risen 177.62%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
On the downside, the ETF finds support just below today's level from accumulated volume at $94.68 and $88.37.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 $94.68. If this is broken, then the next support from accumulated volume will be at $88.37 and $85.96.
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 $9.30 between high and low, or 8.66%. For the last week, the ETF has had daily average volatility of 5.96%.
Since the SOXL has been rising for 10 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the ETF is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
SOXL holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Check full SOXL forecast and analysis here.