SOXL ETF price up more than 5.42% on Wednesday

The SOXL ETF price gained 5.42% on the last trading day (Wednesday, 2nd Jul 2025), rising from $24.71 to $26.05. During the last trading day the ETF fluctuated 7.93% from a day low at $24.45 to a day high of $26.39. The price has risen in 6 of the last 10 days and is up by 21.62% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 105 million shares were bought and sold for approximately $2.74 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 strong rising trend in the short term and a further rise within the trend is signaled.Given the current short-term trend, the ETF is expected to rise 142.39% during the next 3 months and, with a 90% probability hold a price between $54.15 and $68.62 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 $24.96 and $20.22. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 21, 2025, and so far it has risen 199.08%. 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.

SOXL finds support from accumulated volume at $25.11 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 $1.94 between high and low, or 7.93%. For the last week, the ETF has had daily average volatility of 5.73%.

SOXL holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.