INVESCO PHLX SEMICONDUCTOR (SOXQ) Stock Technical Analysis
NASDAQ:SOXQ - Nasdaq - US46138G6153 - ETF - Currency: USD
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.
Both the short term and long term trends are positive. This is a very positive sign.
SOXQ is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month SOXQ has a been trading in the 40.45 - 45.62 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that SOXQ is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this relatively good performance is mostly due to a recent big move.
SOXQ has an excellent technical rating, but the quality of the setup is only medium 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
28.59
45.63
When analyzing the support we can see 2 important areas.
- A support zone ranging from 40.31 to 40.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.88 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 45.18 to 45.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for SOXQ is up. |
| ChartMill Relative Strength | 84.43 | POSITIVE | SOXQ has a high relative strength, it outperformed 84.43% 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) | 69.1 | NEUTRAL | The RSI value for SOXQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests SOXQ has a negative trend. |
| Stochastics (14,3) | 78.81 | NEUTRAL | The Stochastics value for SOXQ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.9 | LOW VOLATILITY | The low ATR as a percentage value for SOXQ suggests low volalility. |
| Average Directional Index/ADX (14) | 27.97 | POSITIVE | The high ADX value value for SOXQ suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
45.17
+0.34 (+0.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.76%
1 Week0.49%
2 Weeks2.29%
1 Month9.74%
3 Month49.72%
6 Month8.04%
12 Month8.84%
2 Year48.39%
3 Year93.61%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.84
ATR(20)%1.9%
ATR Inc26.58%
Range Today0.69
ADR(20)0.74
ADR(20)%1.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.43
Mansfield0.72
10 Day High45.62
10 Day Low43.46
20 Day High45.62
20 Day Low40.45
52 Week High45.62
52 Week Low26.71
CS1 End40.81
CR1 Start45.18
Volume & EV
DER(3)1.02%
DER(5)2.56%
Volume515.70K
Volume Incr15.43%
Vol(5)624.86K
Vol(50)541.82K