ISHARES SEMICONDUCTOR ETF (SOXX) Stock Technical Analysis
NASDAQ:SOXX - Nasdaq - US4642875235 - ETF - Currency: USD
Taking everything into account, SOXX scores 5 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. SOXX was also a bad performer in the overall market in the last year.
66% of all other stocks performed better in the past year than SOXX.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
SOXX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
SOXX has an average volume of 5769830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SOXX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SOXX is lagging the market slightly.
SOXX has an average technical rating and also 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
157.06
238.18
When analyzing the support we can see 2 important areas.
- A support zone ranging from 198.14 to 202.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @158.65 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 210.38 to 213.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 235.34 to 235.82. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for SOXX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SOXX is up. |
| ChartMill Relative Strength | 34.21 | NEUTRAL | SOXX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SOXX is above 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 | MIXED | The current price of SOXX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.56 | NEUTRAL | The RSI value for SOXX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests SOXX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.47 | NEUTRAL | The Stochastics value for SOXX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for SOXX suggests some volalility. |
| Average Directional Index/ADX (14) | 21.32 | NEUTRAL | The ADX value for SOXX suggests a possible start of a new 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)
209.29
+6.73 (+3.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg3.32%
1 Week-1.21%
2 Weeks0.68%
1 Month13.45%
3 Month0.37%
6 Month-2.84%
12 Month-10.56%
2 Year31.71%
3 Year47.34%
5 Year149.29%
10 Year521.22%
15 YearN/A
Volatility
ATR(14)5.7
ATR(20)%2.62%
ATR Inc29.02%
Range Today4.96
ADR(20)4.34
ADR(20)%2.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.21
Mansfield-0.74
10 Day High216.7
10 Day Low199.93
20 Day High216.7
20 Day Low176.77
52 Week High267.24
52 Week Low148.31
CS1 End202.55
CR1 Start210.38
Volume & EV
DER(3)0.07%
DER(5)0.03%
Volume6.06M
Volume Incr28.67%
Vol(5)5.79M
Vol(50)5.77M