SOXL ETF: Friday Predicted Opening Price + 3 Price Scenarios After Chip Selloff? 🔥

AI-generated source summary

The SOXL ETF has been experiencing a volatile stretch, with a notable pullback in mid-October. Several negative signals are present, and the ETF is within a wide, falling trend, suggesting continued weak performance in the short to medium term. A sell signal was issued from a pivot top on October 5th, 2026, with the price falling to $50.02. Further decline is indicated until a new bottom pivot is found. A current sell signal from the 3-month Moving Average Convergence Divergence (MACD) and rising volume on falling prices yesterday serve as early warnings. The 50-day moving average (MA) is $167.08 and the 200-day MA is $152.36. The stock price is currently below both MAs, indicating bearishness. The average volume is 58.18 million. The price has fallen 20.47% on the last trading day, closing at $82.11. The weekly volatility is 10.84%, and the current risk is evaluated as Very High. Resistance is identified at $91.99, with no immediate support found. The 52-week low is $28.12 and the 52-week high is $302.00. The projected decline over the next three months is 1.04%, with potential returns ranging from 8.9% to 97.56%. The projected decline over the next 12 months is 67.98%, with potential returns ranging from 67.98% to 614.82%.

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