Learn to Evaluate Ishares Phlx Sox Semiconductor Sector Index Fund ($SOXX) using the Charts

November 17, 2023, 13:00 pm ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SOXX

• Buy SOXX slightly over 513.17 target 556.25 stop loss @ 511.69 Details

The technical summary data tells us to buy SOXX near 513.17 with an upside target of 556.25. This data also tells us to set a stop loss @ 511.69 to protect against excessive loss in case the stock begins to move against the trade. 513.17 is the first level of support below 514.15 , and by rule, any test of support is a buy signal. In this case, support 513.17 is being tested, a buy signal would exist.

• Short SOXX slightly under 556.25, target 513.17, stop loss @ 557.86 Details

The technical summary data is suggesting a short of SOXX as it gets near 556.25 with a downside target of 513.17. We should have a stop loss in place at 557.86though. 556.25 is the first level of resistance above 514.15, and by rule, any test of resistance is a short signal. In this case, if resistance 556.25 is being tested, a short signal would exist.

Swing Trading Plans for SOXX

• Buy SOXX slightly over 520.43, target 556.25, Stop Loss @ 518.93 Details

If 520.43 begins to break higher, the technical summary data tells us to buy SOXX just slightly over 520.43, with an upside target of 556.25. The data also tells us to set a stop loss @ 518.93 in case the stock turns against the trade. 520.43 is the first level of resistance above 514.15, and by rule, any break above resistance is a buy signal. In this case, 520.43, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short SOXX slightly near 520.43, target 513.17, Stop Loss @ 521.93. Details

The technical summary data is suggesting a short of SOXX if it tests 520.43 with a downside target of 513.17. We should have a stop loss in place at 521.93 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 520.43, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for SOXX

• Buy SOXX slightly over 520.43, target 522.61, Stop Loss @ 519.22 Details

If 520.43 begins to break higher, the technical summary data tells us to buy SOXX just slightly over 520.43, with an upside target of 522.61. The data also tells us to set a stop loss @ 519.22 in case the stock turns against the trade. 520.43 is the first level of resistance above 514.15, and by rule, any break above resistance is a buy signal. In this case, 520.43, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short SOXX slightly near 520.43, target 513.17, Stop Loss @ 521.64. Details

The technical summary data is suggesting a short of SOXX if it tests 520.43 with a downside target of 513.17. We should have a stop loss in place at 521.64 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 520.43, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Ishares Phlx Sox Semiconductor Sector Index Fund (SOXX) available here: SOXX.

SOXX Ratings for November 17:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	471.77
P2	512.76	507.94	513.17
P3	522.61	520.43	556.25

AI Generated Signals for SOXX

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Ishares Phlx Sox Semiconductor Sector Index Fund (NASDAQ: SOXX) report below can help you understand how to do this. The trading plans for SOXX, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.