Learn to Evaluate (SOXX) using the Charts

January 13, 2025, 01:20 am ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SOXX

• Buy SOXX near 207.59 target 228.6 stop loss @ 206.99 Details

The technical summary data tells us to buy SOXX near 207.59 with an upside target of 228.6. This data also tells us to set a stop loss @ 206.99 to protect against excessive loss in case the stock begins to move against the trade. 207.59 is the first level of support below 218.2 , and by rule, any test of support is a buy signal. In this case, support 207.59 would be being tested, so a buy signal would exist.

• Short SOXX slightly under 228.6, target 207.59, stop loss @ 229.26 Details

The technical summary data is suggesting a short of SOXX as it gets near 228.6 with a downside target of 207.59. We should have a stop loss in place at 229.26though. 228.6 is the first level of resistance above 218.2, and by rule, any test of resistance is a short signal. In this case, if resistance 228.6 is being tested, so a short signal would exist.

Swing Trading Plans for SOXX

• Buy SOXX slightly over 218.49, target 228.11, Stop Loss @ 217.86 Details

If 218.49 begins to break higher, the technical summary data tells us to buy SOXX just slightly over 218.49, with an upside target of 228.11. The data also tells us to set a stop loss @ 217.86 in case the stock turns against the trade. 218.49 is the first level of resistance above 218.2, and by rule, any break above resistance is a buy signal. In this case, 218.49, 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 218.49, target 207.59, Stop Loss @ 219.12. Details

The technical summary data is suggesting a short of SOXX if it tests 218.49 with a downside target of 207.59. We should have a stop loss in place at 219.12 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, 218.49, 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 218.49, target 219.27, Stop Loss @ 217.98 Details

If 218.49 begins to break higher, the technical summary data tells us to buy SOXX just slightly over 218.49, with an upside target of 219.27. The data also tells us to set a stop loss @ 217.98 in case the stock turns against the trade. 218.49 is the first level of resistance above 218.2, and by rule, any break above resistance is a buy signal. In this case, 218.49, 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 218.49, target 216.04, Stop Loss @ 219. Details

The technical summary data is suggesting a short of SOXX if it tests 218.49 with a downside target of 216.04. We should have a stop loss in place at 219 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, 218.49, 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 January 13:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	207.59
P2	216.04	218.49	228.6
P3	219.27	228.11	249.57

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.