SOXL Direxion: After 14% Drop - 5 Price Targets + Tuesday Predicted Opening Price? 🚨

AI-generated source summary

SOXL ETF holds buy signals from both short and long-term Moving Averages, giving a positive forecast for the ETF. However, it also has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $115.67 and $122.92. A breakdown below these levels will issue sell signals. 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. 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 Monday, August 17, 2026, and so far it has fallen -6.34%. Further fall is indicated until a new bottom pivot has been found. The SOXL ETF has high daily movements, giving it high risk. There is a sell signal from a pivot top found 24 days ago. Our recommended stop-loss is $135.93 (-4.23%). Based on the Fibonacci Support & Resistance levels, the resistance is at $142.48 and support at $136.81. The current price is $141.93. The ETF is overvalued. We expect SOXL to open down $3.41 and start trading at $138.52 on Tuesday, September 22nd.

AI-generated summary based on the source content.