ISHARES SEMICONDUCTOR ETF (SOXX) Stock Technical Analysis
NASDAQ:SOXX - US4642875235 - ETF
245.32 USD
-7.23 (-2.86%)
242.24 USD
-3.08 (-1.26%)
Overall SOXX gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SOXX is only an average performer.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
SOXX 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 SOXX has a been trading in the 233.67 - 255.06 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
SOXX has an average volume of 5769730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that SOXX is one of the better performing stocks in the market, outperforming 72% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Although SOXX has an excellent technical rating, the quality of the presented setup is not ideal 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
158.70
256.69
We found 2 important support areas.
- A support zone ranging from 236.48 to 237.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @160.30 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 246.28 to 249.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @254.15 from a horizontal line 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 | 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 | 72.26 | POSITIVE | SOXX has a high relative strength, it outperformed 72.26% 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) | 49.53 | NEUTRAL | The RSI value for SOXX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests SOXX has a negative trend. |
| Stochastics (14,3) | 70.36 | NEUTRAL | The Stochastics value for SOXX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for SOXX suggests some volalility. |
| Average Directional Index/ADX (14) | 11.72 | NEGATIVE | The low ADX value for SOXX suggests a weak or negative 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)
245.32
-7.23 (-2.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.86%
1 Week-1.51%
2 Weeks-1.21%
1 Month3.41%
3 Month19.7%
6 Month17.65%
12 Month6.13%
2 Year44.12%
3 Year99.08%
5 Year139.56%
10 Year786.49%
15 YearN/A
Volatility
ATR(14)5.11
ATR(20)%2.05%
ATR Inc22.97%
Range Today4.77
ADR(20)4.43
ADR(20)%1.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.26
Mansfield0.29
10 Day High254.32
10 Day Low237.1
20 Day High255.06
20 Day Low233.67
52 Week High255.06
52 Week Low148.31
CS1 End237.23
CR1 Start246.28
Volume & EV
DER(3)-1.63%
DER(5)-1.72%
Volume8.67M
Volume Incr-18.31%
Vol(5)5.07M
Vol(50)5.77M