Semi's hitting key Fibonacci extension todayIntraday Update: SOX is at the 161% Fibonacci extension. Many traders are looking at new highs on the index, we are seeing key Fib level and divergent RSI.
Semiconductor Pullback Imminent?The semiconductor index has been one of the best performing areas of the market over the last few quaters, and has continued to be strong since the late October bottom.
The index is coming into overhead fibonacci resistance, and with weakening momentum starting to show up, similar to July last year,
Semicounductor - Long - Term Elliott Wave CountThe Semiconductor Index Elliott wave count since January 2022 is similar to the S&P 500.
The SOX rally from the October 2022 bottom appears to be a developing Double Zigzag. The presumed Minor WAVE “C” looks like it could continue higher for one or two weeks.
When Everyone is Long...Near Lows Close on All Major IndexesNasdaq 100 finished the day in the Red and minus 180 points from the high set in the first 5 minutes of trading
The S&P500, Dow and the Philadelphia Semiconductor Index (SOX) finished positive, but near its lows for the day
Longer Term:
If we look at #1 on the chart it shows that SOX is up 45% from
Are the AI rallies ending? SMCI had its first big crash recently. The original 20% sell off wasn't that big a deal (IMO) but the follow through breaking of 800 was a big deal. If we were in a dip and rip market, 800 was a good continuation point.
Coupled with this we have NVDA breaking first lines of trend continuation. A s
SOX and CHIPS TOPPED TODAYhead n shoulders target has been seen the pattern in the sox and amd have reached the projection
SOX : Trendline to watch!!!!Trendline to watch!!!!
Indeed, the “SOX” semiconductor index, known as a leading indicator, seems to be showing signs of weakness. Although it has returned to its uptrend line, we can still be wary of Wolfe waves which indicate a possible breakout. Not to mention that major components like “Intel” o
SOX: $250 probably the leading Signal to Emerging Semiconlooks like this has a couple of months head start of how other issues are played out
SOX Bearish Elliott Wave PatternSince the 07/31/23 peak SOX has declined in an Elliott Impulse pattern followed by a three wave corrective pattern which is so far a Single Zigzag. In the short-term its possible the rally could continue to the .618 retracement of the 07/31/23 to 08/18/23 decline. If this were to occur it would be
The Chips Are DownSemiconductor stocks have slid this month, but some traders may be looking for a bounce.
The first pattern on today’s chart of the Philadelphia Semiconductor index is the 2892 level. It was the close on February 22 that was tested and held twice in March. SOX briefly fell below it yesterday morning
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NVDA
NVIDIA Corporation
AVGO
Broadcom Inc.
TSM
Taiwan Semiconductor Manufacturing Company Ltd.
ASML
ASML Holding N.V. - New York Registry Shares
AMD
Advanced Micro Devices, Inc.
QCOM
QUALCOMM Incorporated
AMAT
Applied Materials, Inc.
TXN
Texas Instruments Incorporated
MU
Micron Technology, Inc.
LRCX
Lam Research Corporation
INTC
Intel CorporationExplore more companies
Frequently Asked Questions
The current value of Philadelphia Semiconductor Index is 5688.10 USD — it has risen by 1.60% in the past 24 hours. Track the index more closely on the Philadelphia Semiconductor Index chart.
Philadelphia Semiconductor Index reached its highest quote on Jun 13, 2024 — 5624.01 USD. See more data on the Philadelphia Semiconductor Index chart.
The lowest ever quote of Philadelphia Semiconductor Index is 138.98 USD. It was reached on Jul 16, 1996. See more data on the Philadelphia Semiconductor Index chart.
Philadelphia Semiconductor Index value has increased by 8.47% in the past week, since last month it has shown a 12.66% increase, and over the year it's increased by 52.14%. Keep track of all changes on the Philadelphia Semiconductor Index chart.
The top companies of Philadelphia Semiconductor Index are NASDAQ:NVDA, NASDAQ:AVGO, and NYSE:TSM — they can boast market cap of 3.24 T USD, 807.64 B USD, and 738.60 B USD accordingly.
The highest-priced instruments on Philadelphia Semiconductor Index are NASDAQ:AVGO, NASDAQ:LRCX, and NASDAQ:ASML — they'll cost you 1735.04 USD, 1035.98 USD, and 1027.90 USD accordingly.
The champion of Philadelphia Semiconductor Index is NASDAQ:NVDA — it's gained 209.56% over the year.
The weakest component of Philadelphia Semiconductor Index is NYSE:WOLF — it's lost 50.84% over the year.
Philadelphia Semiconductor Index is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy Philadelphia Semiconductor Index futures or funds or invest in its components.
The Philadelphia Semiconductor Index is comprised of 30 instruments including NASDAQ:NVDA, NASDAQ:AVGO, NYSE:TSM and others. See the full list of Philadelphia Semiconductor Index components to find more opportunities.