SOXL ETF upgraded from Buy Candidate to Strong Buy Candidate after Thursday trading session

The SOXL ETF price gained 4.81% on the last trading day (Thursday, 15th Jan 2026), rising from $55.41 to $58.08. During the last trading day the ETF fluctuated 6.27% from a day low at $58.03 to a day high of $61.67. The price has risen in 7 of the last 10 days and is up by 38.18% 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, 18 million more shares were traded than the day before. In total, 88 million shares were bought and sold for approximately $5.09 billion.

The ETF has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $53.02, a level that may pose a second chance to hit a runner. According to fan-theory $70.03 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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 $54.30 and $45.98. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, December 17, 2025, and so far it has risen 61.27%. 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 $49.65 and $47.24.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 $49.65. If this is broken, then the next support from accumulated volume will be at $47.24 and $43.80.

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 $3.64 between high and low, or 6.27%. For the last week, the ETF has had daily average volatility of 5.79%.

Several short-term signals are positive and the ETF has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for SOXL ETF to perform well in the short-term period.We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.