ISHARES SEMICONDUCTOR ETF (SOXX) Stock Technical Analysis
NASDAQ:SOXX - Nasdaq - US4642875235 - ETF - Currency: USD
Taking everything into account, SOXX scores 7 out of 10 in our technical rating. In the last year, SOXX was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month SOXX has a been trading in the 199.93 - 229.80 range, which is quite wide. It is currently trading near the high of this range.
SOXX has an average volume of 6935490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, SOXX turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.
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 excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 225.65. Right above this resistance zone may be a good entry point.
More info and screens
157.44
238.79
2 important support areas can be observed.
- A support zone ranging from 202.55 to 202.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @159.03 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 225.65 to 227.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 235.46 to 236.43. 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 SOXX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SOXX is up. |
| ChartMill Relative Strength | 50.68 | 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) | DOWN | MIXED | The current price of SOXX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.61 | NEUTRAL | The RSI value for SOXX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests SOXX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.15 | OVERBOUGHT | The high Stochastics value suggests SOXX may be overbought. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for SOXX suggests some volalility. |
| Average Directional Index/ADX (14) | 26.8 | POSITIVE | The high ADX value value for SOXX 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 227.46 | 213.53 | 13.93 (6.12%) | 16.33% |
| An entry @227.46. This is a Buy Stop order right above the resistance zone. | An exit @213.53. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 13.93 points, which is 6.12%. | For a 1.00% total portfolio risk, you can invest 16.33% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
225.64
-1.8 (-0.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.79%
1 Week-0.74%
2 Weeks5.63%
1 Month6.51%
3 Month13.17%
6 Month5.04%
12 Month-9.66%
2 Year33.45%
3 Year93.62%
5 Year149.91%
10 Year635.06%
15 YearN/A
Volatility
ATR(14)5.69
ATR(20)%2.43%
ATR Inc5.41%
Range Today4.16
ADR(20)4.76
ADR(20)%2.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.68
Mansfield0.01
10 Day High229.8
10 Day Low213.54
20 Day High229.8
20 Day Low199.93
52 Week High267.24
52 Week Low148.31
CS1 End202.55
CR1 Start225.65
Volume & EV
DER(3)-0.21%
DER(5)-0.52%
Volume7.27M
Volume Incr17.26%
Vol(5)7.81M
Vol(50)6.94M