Semiconductor ETF · buy signal confirmed, week 1
SOXX gains 2.8% and sets a new 30-day high on thinning volume
Our view last week
A 4th straight up week for SOXX, the semiconductor ETF: +7.4%, with buyers in charge of the tape for a month and money flow in positive territory. Last week the Sell signal was still holding; now SOXX joins this week's new buy signals. SOXX technical analysis still calls for caution: the price action is constructive, yet price is pressing just under its 7-day high, in the 576 area, without breaking it, and the ADX is losing conviction.
This week's summary
SOXX, the semiconductor ETF, adds 2.8% and sets a new 30-day high in the 596 area: 7 days ago it was pressing under its short-term cap without managing to clear it. The buy signal that fired last week is holding, with money flow positive for 4 weeks. SOXX technical analysis still argues for measure: volume is thinning, the ADX has been falling for 13 weeks and, as a swing trading trade setup, the step that matters is a close above the 596 area.
IQS Phase
63
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#41 / 93
US stocks in progress
Trade P&L %
+2.83%
from signal to date, no stop loss
Semiconductors (SOXX) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 41st among the 93 Longs already running for US stocks in our ranking, with a signal strength of 66 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETFXLK
Sector regimein strong phase
Performanceweekly +1.80% · monthly +8.83%
SOXX belongs to the etf settoriale sector (reference ETF XLK). The sector is classified in strong phase according to our weekly reading.
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