StockCharts TV on $SOXX (Oct 30, 2026)
The semiconductor group's weekly medium- to long-term outlook has turned negative: RSI is in negative territory, price closed below the 40-week / 200-day moving average, and MACD, though not entirely negative yet, is heading downwards.
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What I am sharing with you here is a weekly look at the semiconductor group. This is the (SOXX) indicator, and what I wanted to highlight here is the fact that we are now facing a negative Relative Strength Index (RSI).
Well, that weekly chart will give you more insight into the medium- to long-term outlook for the group. So, in addition to that negative Relative Strength Index, we closed below the 40- week or 200-day simple moving average.
Then we have the MACD indicator . It's not entirely negative yet, but we are definitely heading downwards. Then we have a Relative Strength Index (RSI) in the negative range. This is where you will need to pay attention to historical precedents.
What this channel has said about $SOXX
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