High volatility in SOXL ETF price on Tuesday which ended trading at $47.91

The SOXL ETF price gained 17.95% on the last trading day (Tuesday, 31st Mar 2026), rising from $40.62 to $47.91. During the last trading day the ETF fluctuated 13.07% from a day low at $42.61 to a day high of $48.18. The price has been going up and down for this period, and there has been a -12.81% loss for the last 2 weeks. Volume fell on the last day by -2 million shares and in total, 135 million shares were bought and sold for approximately $6.45 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 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 -8.12% during the next 3 months and, with a 90% probability hold a price between $37.23 and $63.77 at the end of this 3-month period.

A buy signal was issued from a pivot bottom point on Monday, March 30, 2026, and so far it has risen 17.95%. 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 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. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $49.88 and $57.57. A break-up above any of these levels will issue buy signals.

SOXL finds support from accumulated volume at $47.89 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this ETF is considered to be "high risk". During the last day, the ETF moved $5.57 between high and low, or 13.07%. For the last week, the ETF has had daily average volatility of 11.78%.

SOXL holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.We have upgraded our analysis conclusion for this ETF since the last evaluation from a Strong Sell to a Sell candidate.