pool adsIshares Phlx Semiconductor Etf $SOXX Technical Update
The Ishares Phlx Semiconductor Etf (NASDAQ: SOXX) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for SOXX, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Weak | Neutral |
| P1 | 157.74 | 147.47 | 156.89 |
| P2 | 161.50 | 161.24 | 175.74 |
| P3 | 166.99 | 173.43 | 192.82 |
Support and Resistance Plot Chart for SOXX
Long Term Trading Plans for SOXX
November 15, 2018, 5:15 pm ET
The Technical Summary and Trading Plans for SOXX help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this SOXX Report.
SOXX - (Long) Support Plan
Buy over 156.89 target 175.74 stop loss @ 156.63.
The technical summary data tells us to buy SOXX near 156.89 with an upside target of 175.74. This data also tells us to set a stop loss @ 156.63 to protect against excessive loss in case the stock begins to move against the trade. 156.89 is the first level of support below 167.6 , and by rule, any test of support is a buy signal. In this case, support 156.89 would be being tested, so a buy signal would exist.
SOXX - (Short) Resistance Plan
Short under 175.74 target 156.89 stop loss @ 176.
The technical summary data is suggesting a short of SOXX as it gets near 175.74 with a downside target of 156.89. We should have a stop loss in place at 176 though. 175.74 is the first level of resistance above 167.6, and by rule, any test of resistance is a short signal. In this case, if resistance 175.74 is being tested, so a short signal would exist.
