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The SOXL ETF price gained 18.49% on the last trading day (Tuesday, 26th May 2026), rising from $190.56 to $225.79. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 8.87% from a day low at $209.89 to a day high of $228.50. The price has risen in 7 of the last 10 days and is up by 18.57% 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, 50 million more shares were traded than the day before. In total, 51 million shares were bought and sold for approximately $11.53 billion.
Given the current short-term trend, the ETF is expected to rise 226.90% during the next 3 months and, with a 90% probability hold a price between $465.79 and $738.11 at the end of this 3-month period.
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 $176.54 and $131.20. 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 455.86%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $184.24 and $173.20.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 $184.24. If this is broken, then the next support from accumulated volume will be at $173.20 and $172.52.
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 $18.61 between high and low, or 8.87%. For the last week, the ETF has had daily average volatility of 9.43%.
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.