SOXX semiconductor ETF: sell signal still unconfirmed
SOXX jumps 7.6% this week as the Sell signal stays unconfirmed
SOXX semiconductor ETF: sell signal still unconfirmed
Our view last week
SOXX, the semiconductor ETF, shed 4.2% this week: technical analysis shows the price back in the 499 area it had already touched, but no session has defended it yet — for now the move under way continues. Flows stay negative, with only 11% of daily volume on the buy side and money flow in distribution. The sell signal, now in its third week, stays under observation: the confirmation week hasn't closed yet.
This week's summary
SOXX, the semiconductor ETF, gained 7.6% this week, tightening back between the resistance in the 548 area and the support in the 541 area — a sharp reversal from last week's decline. The three observation weeks for the Sell signal closed without market confirmation, and the ADX shows a trend losing conviction. SOXX technical analysis still points to a high-risk opening: the fund trades more than 100% above its own 200-week average.
IQS Phase
45
ordinary
Signal Strength
19
decline losing steam
Sizing
MINIMUM
Ranking
#31 / 122
US stocks sell signals
Trade P&L %
-4.11%
from signal to date, no stop loss
Rank position
ranks 31st among the 122 sell signals for US stocks in our ranking, with a signal strength of 19 out of 100.
Sector context
SectorETF Settoriale
Benchmark ETFXLK
Sector regimein positive regime
Performanceweekly +7.20% · monthly +3.62%
SOXX belongs to the etf settoriale sector (reference ETF XLK). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content