Momentum Indicator for SOXL turns negative, indicating new downward trend
SOXL saw its Momentum Indicator move below the 0 level on March 27, 2025. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 80 similar instances where the indicator turned negative. In of the 80 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for SOXL turned negative on March 31, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SOXL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for SOXL entered a downward trend on April 02, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where SOXL's RSI Indicator exited the oversold zone, of 24 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where SOXL advanced for three days, in of 318 cases, the price rose further within the following month. The odds of a continued upward trend are .
SOXL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
General Information
Category Trading
SOXL and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, SOXL has been closely correlated with TECL. These tickers have moved in lockstep 92% of the time. This A.I.-generated data suggests there is a high statistical probability that if SOXL jumps, then TECL could also see price increases.
| Ticker / NAME | Correlation To SOXL | 1D Price Change % | ||
|---|---|---|---|---|
| SOXL | 100% | +1.94% | ||
| TECL - SOXL | 92% Closely correlated | +2.09% | ||
| USD - SOXL | 91% Closely correlated | +1.30% | ||
| ROM - SOXL | 89% Closely correlated | +1.39% | ||
| TQQQ - SOXL | 88% Closely correlated | +2.23% | ||
| QLD - SOXL | 88% Closely correlated | +1.46% | ||
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