ISHARES SEMICONDUCTOR ETF (SOXX) Stock Technical Analysis
USA - NASDAQ:SOXX - US4642875235 - ETF
We assign a technical rating of 9 out of 10 to SOXX. Both in the recent history as in the last year, SOXX has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although SOXX has an excellent technical rating, it does not present a decent entry opportunity 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.
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279.26
When analyzing the support we can see 2 important areas.
- A support zone ranging from 294.37 to 294.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @282.08 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 294.44 to 295.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 303.21 to 309.61. This zone is formed by a combination of multiple trend lines and important moving averages 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 SOXX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SOXX is neutral. |
| ChartMill Relative Strength | 86.21 | POSITIVE | SOXX has a high relative strength, it outperformed 86.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SOXX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SOXX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SOXX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.98 | NEUTRAL | The RSI value for SOXX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.47 | NEGATIVE | The MACD value suggests SOXX has a negative trend. |
| Stochastics (14,3) | 60.17 | NEUTRAL | The Stochastics value for SOXX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.92 | MEDIUM VOLATILITY | The ATR as a percentage value for SOXX suggests some volalility. |
| Average Directional Index/ADX (14) | 14.8 | NEGATIVE | The low ADX value for SOXX suggests a weak or negative trend. |
294.38
-3.12 (-1.05%)
ISHARES SEMICONDUCTOR ETF / SOXX FAQ
What is the ChartMill technical rating of ISHARES SEMICONDUCTOR ETF (SOXX) stock?
ChartMill assigns a technical rating of 9 / 10 to SOXX.
Can you provide the trend direction for ISHARES SEMICONDUCTOR ETF?
The current trend direction for ISHARES SEMICONDUCTOR ETF (SOXX) is Bullish.
What is the RSI signal for SOXX stock?
ISHARES SEMICONDUCTOR ETF (SOXX) has an RSI value of 51.9805. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ISHARES SEMICONDUCTOR ETF?
The MACD indicator for ISHARES SEMICONDUCTOR ETF (SOXX) has a value of -1.47322, indicating a bearish trend.