ISHARES SEMICONDUCTOR ETF (SOXX) Technical Analysis
NASDAQ:SOXX • US4642875235
Current stock price
SOXX Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to SOXX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SOXX is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that SOXX is one of the better performing stocks in the market, outperforming 94% of all stocks. On top of that, SOXX also shows a nice and consistent pattern of rising prices.
- SOXX is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month SOXX has a been trading in the 307.25 - 423.35 range, which is quite wide. It is currently trading near the high of this range.
- SOXX has an average volume of 7229910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
SOXX Weekly and Daily overview Charts
SOXX Setup Rating and Analysis
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.
More info and screens
SOXX Support and Resistance Analysis
298.14
When analyzing the support we can see 3 important areas.
- Support @336.49 from a trend line in the weekly time frame.
- A support zone ranging from 316.22 to 317.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @301.15 from a horizontal line in the daily time frame.
SOXX Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for SOXX is up. |
| ChartMill Relative Strength | 94.04 | POSITIVE | SOXX has a high relative strength, it outperformed 94.04% off all stocks 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 | POSITIVE | The current price of SOXX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 78.32 | OVERBOUGHT | The high RSI value suggests SOXX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 6.64 | POSITIVE | The MACD value suggests SOXX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 98.68 | OVERBOUGHT | The high Stochastics value suggests SOXX may be overbought. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for SOXX suggests some volalility. |
| Average Directional Index/ADX (14) | 29.89 | POSITIVE | The high ADX value value for SOXX suggests a strong trend. |
SOXX Chart- and CandleStick Pattern Analysis
SOXX Technicals: Chart, Performance Metrics, Trend & Indicators
420.7
+3.15 (+0.75%)
ISHARES SEMICONDUCTOR ETF / SOXX TA FAQ
What is the ChartMill technical rating of ISHARES SEMICONDUCTOR ETF (SOXX) stock?
ChartMill assigns a technical rating of 10 / 10 to SOXX.
What is the current trend direction of ISHARES SEMICONDUCTOR ETF (SOXX) stock?
The current trend direction for ISHARES SEMICONDUCTOR ETF (SOXX) is Bullish.
What is the RSI signal for ISHARES SEMICONDUCTOR ETF (SOXX) stock?
ISHARES SEMICONDUCTOR ETF (SOXX) has an RSI value of 78.3205. This indicates that the stock is currently overbought.
What is the buy/sell signal for SOXX stock?
The buy/sell signal for ISHARES SEMICONDUCTOR ETF (SOXX) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for ISHARES SEMICONDUCTOR ETF?
ISHARES SEMICONDUCTOR ETF (SOXX) has a support level at 336.49. Check the full technical report for our detailed analysis of SOXX support and resistance levels.