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SOXX
ETF ticker: NASDAQ
AS OF
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Net Assets
9.34B

SOXX iShares Semiconductor ETF Forecast, Technical & Fundamental Analysis

Category Technology
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for SOXX with price predictions
07:00 PM EST Dec 07, 2023

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 .

Price Prediction Chart

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)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

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

Industry description

The investment seeks to track the investment results of the NYSE Semiconductor Index composed of U.S. equities in the semiconductor sector. The fund generally will invest at least 80% of its assets in the component securities of its index and in investments that have economic characteristics that are substantially identical to the component securities of its index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The fund is non-diversified.

Market Cap

The average market capitalization across the iShares Semiconductor ETF ETF is 142.46B. The market cap for tickers in the group ranges from 4.2B to 1.12T. NVDA holds the highest valuation in this group at 1.12T. The lowest valued company is ACLS at 4.2B.

High and low price notable news

The average weekly price growth across all stocks in the iShares Semiconductor ETF ETF was 1%. For the same ETF, the average monthly price growth was 9%, and the average quarterly price growth was 8%. QRVO experienced the highest price growth at 7%, while RMBS experienced the biggest fall at -5%.

Volume

The average weekly volume growth across all stocks in the iShares Semiconductor ETF ETF was 22%. For the same stocks of the ETF, the average monthly volume growth was 33% and the average quarterly volume growth was -0%

Fundamental Analysis Ratings

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

Valuation Rating: 51
P/E Growth Rating: 34
Price Growth Rating: 32
SMR Rating: 47
Profit Risk Rating: 31
Seasonality Score: 21 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Technology

Profile
Fundamentals
Details
Category
Technology
Address
iShares Trust400 Howard StreetSan Francisco
Phone
1-800-474-2737
Web
www.ishares.com
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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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SOXX
1D Price
Change %
SOXX100%
+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%
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