Soxl ETF Forecast

Buy or Hold candidate since Apr 07, 2026 Gain 256.64%

The SOXL ETF price decreased by -4.62% on the last trading day (Tuesday, 9th Jun 2026), dropping from $211.44 to $201.68. During this trading session, the ETF experienced a fluctuation of 46.62%, ranging from a low of $157.56 to a high of $231.02. The price has shown volatility over this period, resulting in a loss of -10.68% over the past two weeks. Additionally, the trading volume rose on the last day by 54 million shares, despite the declining prices. This could serve as an early warning sign, suggesting a slight increase in risk in the upcoming days. Overall, 121 million shares were traded, amounting to approximately $24.38 billion.

The ETF lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $189.36 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 271.04% during the next 3 months and, with a 90% probability hold a price between $702.61 and $1,091.55 at the end of this 3-month period.

SOXL Signals & Forecast

The SOXL ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the ETF. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $233.18. On a fall, the ETF will find some support from the long-term average at approximately $173.94. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Wednesday, June 03, 2026, and so far it has fallen -28.11%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.

Support, Risk & Stop-loss for SOXL ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $182.54 and $172.52. 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 $182.54. If this is broken, then the next support from accumulated volume will be at $172.52 and $151.89.

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 $73.46 between high and low, or 46.62%. For the last week, the ETF has had daily average volatility of 23.18%.

Our recommended stop-loss: $191.96 (-4.82%) (This ETF has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (SOXL) For The Upcoming Trading Day Of Wednesday 10th

For the upcoming trading day on Wednesday, 10th we expect Direxion Daily Semicondct Bull 3X ETF to open at $196.75, and during the day (based on 14 day Average True Range), to move between $185.55 and $217.81, which gives a possible trading interval of +/-$32.26 (+/-17.38%) up or down from last closing price. If Direxion Daily Semicondct Bull 3X ETF takes out the full calculated possible swing range there will be an estimated 17.38% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $211.44 (4.84%) than the support at $182.54 (9.49%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Direxion Daily Semicondct Bull 3X ETF ETF A Buy?

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 candidate.

Current score: 0.316 Hold/Accumulate Downgraded

Predicted Fair Opening Price

Predicted fair opening price on June 10, 2026 - $196.75 ( 2.44%).

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