Momentum Indicator for SOXQ turns negative, indicating new downward trend
SOXQ saw its Momentum Indicator move below the 0 level on September 13, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 38 similar instances where the indicator turned negative. In of the 38 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for SOXQ turned negative on September 12, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 20 similar instances when the indicator turned negative. In of the 20 cases the stock turned lower in the days that followed. This puts the odds of success at .
SOXQ moved below its 50-day moving average on September 07, 2023 date and that indicates a change from an upward trend to a downward trend.
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 .
The Aroon Indicator for SOXQ entered a downward trend on August 29, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator entered the oversold zone -- be on the watch for SOXQ's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SOXQ advanced for three days, in of 140 cases, the price rose further within the following month. The odds of a continued upward trend are .
SOXQ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call 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
General Information
Category Technology
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 100% 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% | -1.83% | ||
| SOXX - SOXQ | 100% Closely correlated | -1.85% | ||
| SMH - SOXQ | 99% Closely correlated | -2.00% | ||
| VGT - SOXQ | 91% Closely correlated | -1.66% | ||
| XLK - SOXQ | 91% Closely correlated | -1.52% | ||
| IYW - SOXQ | 90% Closely correlated | -1.71% |