Strong day for SOXL ETF price on Tuesday rising 10.98% to $23.95

The SOXL ETF price gained 10.98% on the last trading day (Tuesday, 24th Jun 2025), rising from $21.58 to $23.95. During the last trading day the ETF fluctuated 6.19% from a day low at $22.63 to a day high of $24.03. The price has risen in 6 of the last 10 days and is up by 16.38% 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, 17 million more shares were traded than the day before. In total, 135 million shares were bought and sold for approximately $3.24 billion.

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 49.16% during the next 3 months and, with a 90% probability hold a price between $24.94 and $45.72 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 $21.67 and $18.31. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 08, 2025, and so far it has risen 190.30%. 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 $18.84 and $18.81.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 $18.84. If this is broken, then the next support from accumulated volume will be at $18.81 and $18.60.

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 $1.40 between high and low, or 6.19%. For the last week, the ETF has had daily average volatility of 7.04%.

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.We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.