Strong day for SOXL ETF price on Tuesday rising 5.90% to $85.31

The SOXL ETF price gained 5.90% on the last trading day (Tuesday, 14th Apr 2026), rising from $80.56 to $85.31. It has now gained 10 days in a row. It is not often that ETF manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the ETF fluctuated 6.02% from a day low at $80.71 to a day high of $85.57. The price has risen in 10 of the last 10 days and is up by 110.02% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 60 million shares were bought and sold for approximately $5.15 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.

Given the current short-term trend, the ETF is expected to fall -5.23% during the next 3 months and, with a 90% probability hold a price between $37.75 and $80.85 at the end of this 3-month period. Do note, that if the ETF price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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 $70.44 and $57.86. 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 110.02%. 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.

On the downside, the ETF finds support just below today's level from accumulated volume at $68.05 and $67.50.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 $68.05. If this is broken, then the next support from accumulated volume will be at $67.50 and $65.34.

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 $4.86 between high and low, or 6.02%. For the last week, the ETF has had daily average volatility of 6.35%.

Since the SOXL has been rising for 10 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the ETF is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

SOXL holds several positive signals and despite the ETF being in a falling trend, we considered it to be a good choice at these current levels. We expect SOXL ETF will perform very well in the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold to a Strong Buy candidate.