SOXL (Direxion) Price Forecast: 5 Signals After 10% Selloff + Monday Predicted Opening Price 📈
1 extracted signal · 0 resolved · 1 still active
StockInvest.usIndependent analyst profile- Source published
- 24 Oct 2026, 00:05 UTC
- Recorded by Tahlil Plus
- 24 Oct 2026, 00:07 UTC
AI-generated source summary
The Direxion Daily Semiconductor Bull 3X ETF (SOXL) is currently trading at $83.56, having gained 1.77% on the last trading day, reaching a high of $87.61 and a low of $80.83. Despite this recent upward movement, the ETF exhibits several negative signals and is within a wide and falling trend. The analysis suggests that SOXL will likely continue to perform weakly in the coming days or weeks, indicating a negative outlook. A buy signal was previously issued from a pivot bottom on October 22, 2026, leading to a 1.77% rise. However, subsequent price action and indicators point towards further downside. The price is currently above the support level of $82.11, which, if broken, would signal a strong sell-off and a potential shift in the trend. The 3-month Moving Average Convergence Divergence (MACD) also indicates a sell signal. While short-term and long-term moving averages are currently giving a more negative forecast, the cross of MA7/MA35 is suggesting a buy signal. The overall risk for SOXL is assessed as Very High due to its volatility (10.27%). Looking ahead, SOXL is expected to open up by $0.440 on Monday, October 26th, 2026, starting trading at $84.00, but the broader trend suggests caution.
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