SOXQ Price Prediction, Invesco PHLX Semiconductor ETF AI Recommendations
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%.
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)
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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| Technical Analysis | # Of Indicators | Avg. Odds |
|---|---|---|
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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.
| Ticker / NAME | Correlation To SOXQ | 1D Price Change % |
|---|---|---|
| SOXQ | 100% | -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% |