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SOXQ
ETF ticker:
NASDAQ
AS OF
Aug 5 closing price
Price
$24.07
Change
-$0.19 (-0.78%)
Net Assets
64.95M

SOXQ Price Prediction, Invesco PHLX Semiconductor ETF AI Recommendations

ETF market charts, price targets, analyst ratings and a financial calendar
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A.I.Advisor
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12:00 AM EDT Aug 05, 2022

Aroon Indicator for SOXQ shows an upward move is likely

SOXQ's Aroon Indicator triggered a bullish signal on August 05, 2022. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 31 similar instances where the Aroon Indicator showed a similar pattern. In 28 of the 31 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at 90%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on July 14, 2022. You may want to consider a long position or call options on SOXQ as a result. In of 20 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for SOXQ just turned positive on July 08, 2022. Looking at past instances where SOXQ's MACD turned positive, the stock continued to rise in of 8 cases over the following month. The odds of a continued upward trend are .

SOXQ moved above its 50-day moving average on July 27, 2022 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for SOXQ crossed bullishly above the 50-day moving average on July 27, 2022. This indicates that the trend has shifted higher and could be considered a buy signal. In of 3 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SOXQ advanced for three days, in of 72 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 16 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SOXQ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

SOXQ broke above its upper Bollinger Band on July 19, 2022. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed
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A.I.Advisor
published price charts
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A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), Broadcom (NASDAQ:AVGO), QUALCOMM (NASDAQ:QCOM), Texas Instruments (NASDAQ:TXN), Advanced Micro Devices (NASDAQ:AMD), Intel Corp (NASDAQ:INTC), Applied Materials (NASDAQ:AMAT), Analog Devices (NASDAQ:ADI), Lam Research Corp (NASDAQ:LRCX).

Industry description

The investment seeks to track the investment results (before fees and expenses) of the PHLX Semiconductor Sector Index ®. The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, Nasdaq compiles the underlying index, which is a modified market-capitalization weighted index designed to measure the performance of the 30 largest companies listed in the United States that are engaged in the semiconductor business, as determined by the index Provider. The fund is non-diversified.

Market Cap

The average market capitalization across the Invesco PHLX Semiconductor ETF ETF is 90.07B. The market cap for tickers in the group ranges from 4.71B to 474.72B. NVDA holds the highest valuation in this group at 474.72B. The lowest valued company is POWI at 4.71B.

High and low price notable news

The average weekly price growth across all stocks in the Invesco PHLX Semiconductor ETF ETF was 3%. For the same ETF, the average monthly price growth was 22%, and the average quarterly price growth was -11%. MPWR experienced the highest price growth at 15%, while IPGP experienced the biggest fall at -4%.

Volume

The average weekly volume growth across all stocks in the Invesco PHLX Semiconductor ETF ETF was -27%. For the same stocks of the ETF, the average monthly volume growth was -4% and the average quarterly volume growth was -6%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 42
P/E Growth Rating: 63
Price Growth Rating: 41
SMR Rating: 65
Profit Risk Rating: 30
Seasonality Score: 2 (-100 ... +100)
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SOXQ
Buy/Sell Ratings
 
 
Technical Analysis# Of IndicatorsAvg. Odds
   
   
 
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published General Information

General Information

Category Technology

Profile
Fundamentals
Details
Category
Technology
Address
PowerShares Exchange-Traded Fund Tr II301 West Roosevelt RoadWheaton
Phone
N/A
Web
www.invescopowershares.com

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SOXQ and

Correlation & Price change

A.I.dvisor indicates that over the last year, SOXQ has been closely correlated with SOXX. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if SOXQ jumps, then SOXX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SOXQ
1D Price
Change %
SOXQ100%
-0.78%
SOXX - SOXQ
99%
Closely correlated
-0.78%
SMH - SOXQ
99%
Closely correlated
-0.68%
IYW - SOXQ
92%
Closely correlated
-0.25%
VGT - SOXQ
91%
Closely correlated
-0.16%
XLK - SOXQ
91%
Closely correlated
-0.23%