Volatile ride for SOXL ETF price on Friday moving between $112.42 and $133.88

No changes to the price of SOXL ETF on the last trading day (Friday, 31st Jul 2026). During the last trading day the ETF fluctuated 19.09% from a day low at $112.42 to a day high of $133.88. The price has fallen in 5 of the last 10 days and is down by -15.32% for this period.

The ETF lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $86.32 is broken, it will firstly indicate a stronger fall rate.Given the current short-term trend, the ETF is expected to fall -12.76% during the next 3 months and, with a 90% probability hold a price between $75.31 and $245.88 at the end of this 3-month period.

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The SOXL ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the ETF. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $121.92 and $189.04. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 22, 2026, and so far it has fallen -61.86%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

SOXL finds support from accumulated volume at $109.54 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 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 $21.46 between high and low, or 19.09%. For the last week, the ETF has had daily average volatility of 19.11%.

SOXL holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.