SOXX sees its Stochastic Oscillator ascending out of oversold territory
On December 07, 2023, the Stochastic Oscillator for SOXX moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 49 instances where the indicator left the oversold zone. In of the 49 cases the stock moved higher in the following days. This puts the odds of a move higher at over .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on December 07, 2023. You may want to consider a long position or call options on SOXX as a result. In of 82 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
SOXX moved above its 50-day moving average on November 07, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for SOXX crossed bullishly above the 50-day moving average on November 14, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 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 SOXX advanced for three days, in of 334 cases, the price rose further within the following month. The odds of a continued upward trend are .
SOXX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 348 cases where SOXX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for SOXX moved out of overbought territory on November 21, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 44 similar instances where the indicator moved out of overbought territory. In of the 44 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Moving Average Convergence Divergence Histogram (MACD) for SOXX turned negative on December 04, 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 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SOXX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Fundamental Analysis (Ratings)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Technology
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| KOMP | 43.82 | 0.67 | +1.55% |
| SPDR® S&P Kensho New Economies Comps ETF | |||
| MFUS | 40.34 | 0.18 | +0.46% |
| PIMCO RAFI Dyn Multi-Factor US Eq ETF | |||
| DRSK | 24.51 | -0.01 | -0.04% |
| Aptus Defined Risk ETF | |||
| AEMB | 37.26 | -0.17 | -0.46% |
| American Century Emerging Markets Bd ETF | |||
| CHIM | 13.84 | -0.25 | -1.75% |
| Global X MSCI China Materials ETF | |||
SOXX and
Correlation & Price change
A.I.dvisor indicates that over the last year, SOXX has been closely correlated with SOXQ. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if SOXX jumps, then SOXQ could also see price increases.
| Ticker / NAME | Correlation To SOXX | 1D Price Change % | ||
|---|---|---|---|---|
| SOXX | 100% | +0.79% | ||
| SOXQ - SOXX | 100% Closely correlated | +0.57% | ||
| SMH - SOXX | 99% Closely correlated | +0.86% | ||
| FTXL - SOXX | 98% Closely correlated | +0.67% | ||
| PSI - SOXX | 97% Closely correlated | +0.78% | ||
| XSD - SOXX | 95% Closely correlated | +1.46% | ||
More | ||||