Overall SOXQ gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SOXQ is showing a nice and steady performance.
Although SOXQ has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
49.53
When analyzing the support we can see 2 important areas.
- A support zone ranging from 52.14 to 52.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 50.03 to 50.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 57.21 to 57.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @58.82 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SOXQ is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SOXQ is neutral. |
| ChartMill Relative Strength | 87.6 | POSITIVE | SOXQ has a high relative strength, it outperformed 87.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SOXQ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SOXQ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SOXQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.77 | NEUTRAL | The RSI value for SOXQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests SOXQ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.96 | OVERBOUGHT | The high Stochastics value suggests SOXQ may be overbought. |
| Average True Range in percent/ATR (20) | 3.32 | MEDIUM VOLATILITY | The ATR as a percentage value for SOXQ suggests some volalility. |
| Average Directional Index/ADX (14) | 15.22 | NEGATIVE | The low ADX value for SOXQ suggests a weak or negative trend. |
55.44
-2.99 (-5.12%)
INVESCO PHLX SEMICONDUCTOR / SOXQ FAQ
Can you provide the ChartMill technical rating for INVESCO PHLX SEMICONDUCTOR?
ChartMill assigns a technical rating of 9 / 10 to SOXQ.
What is the trend direction for SOXQ stock?
The current trend direction for INVESCO PHLX SEMICONDUCTOR (SOXQ) is Bullish.
What is the RSI signal for INVESCO PHLX SEMICONDUCTOR (SOXQ) stock?
INVESCO PHLX SEMICONDUCTOR (SOXQ) has an RSI value of 49.7736. This indicates that the stock is currently neutral.
What is the short term momentum for SOXQ stock?
The short term momentum for INVESCO PHLX SEMICONDUCTOR (SOXQ) is neutral.