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The SOXL ETF holds several negative signals and should be considered a sell candidate. However, due to the general chance for a turnaround situation, it should be considered a hold/accumulate candidate, 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. Given the high daily movements and the sell signal from a pivot top, it is advisable to wait for the price to break through a support level before entering a position. Conversely, if the price breaks above the resistance level, it might present a favorable entry point.