Price: $136.53
· 1 day: +3.51% · 5 days: -13.13% · 1 month: -29.72% · YTD: +36.01%
As of 2026-11-06 21:00 UTC.
52-week range: $86.81 – $218.65 (currently at 38% of the range).
SOXX is in a downtrend, momentum soft. $150 is the level overhead; $125 the first support below.
5 of 6 technical checks lean bearish.
| Trend | Downtrend · below 50-day & below 200-day |
|---|---|
| Momentum | RSI 31.97 · neutral · MACD bearish |
| Trend strength | ADX 33.1 · strong trend |
| Location | -21.4% vs 50-day MA |
| 52-week range | -37% from high · +53% from low |
| Volatility | ATR 8.61 · ~6.3%/day |
| Level | Type | Distance |
|---|---|---|
| $150.0 (resistance) | round | 9.87% |
| $159.56 (resistance) | sma 200 | 16.87% |
| $165.85 (resistance) | swing zone | 21.48% |
| $125.0 (support) | round | -8.45% |
| $122.0 (support) | swing zone | -10.64% |
| $115.54 (support) | swing zone | -15.37% |
| RSI (14) | 31.97 | MACD | -9.733 |
|---|---|---|---|
| ADX (14) | 33.1 | ATR (14) | 8.61 |
| 50-day average | $173.66 | 200-day average | $159.56 |
Report of 2026-10-31, updated 2026-11-07.
SOXX closed at $136.53 on November 6, up 3.5% on the day but still down 13.1% over the last five sessions, as the AI-driven selloff that began November 5 continued to pressure the sector (Morningstar). The stock remains 30.5% below its October 5 peak of $196.50, and the 5-day drop of 13.1% far exceeds the S&P 500's 2.7% decline over the same period, underscoring the semiconductor sector's underperformance.
The picture holds. The daily trend still runs with the weekly downtrend, and the price remains below its 40-week average. The key downside level from the prior report — a daily close below $125.0 — is now closer, with the stock trading just 8.4% above it. Resistance at $150.0 (round) remains intact, and the 200-day SMA at $159.56 and the swing zone at $165.85 are now further above price, reinforcing the bearish structure. The 50-day SMA has dropped to $173.66, and the RSI at 31.97 is near oversold but not yet at extremes. What would change the picture is a weekly close above $165.85, which remains the swing zone that would signal a trend reversal.
SOXX fell 10.5% on November 5 to close at 134.31, extending its five-day slide to -73.9% and its one-month drop to -77.2%. The selloff follows a Reuters report on AI chip demand boosting chemical and industrial gas makers, but the broader semiconductor weakness was underscored by Qualcomm's 8% revenue decline on handset slowdown (Morningstar). The stock is now at its 52-week low, down 79.5% from its October 5 peak of 589.51.
The picture holds. The price remains below the 40-week average, and the daily trend continues to run with the weekly downtrend. The stock has moved decisively below the 150.0 round level where sellers had previously shown up, and is now testing the 125.0 round support. The downside breakout math from the report—a daily close below 125.0—is imminent, with the next target at 100.0. The 50-day SMA at 493.53 remains the level that would change the picture on a weekly close above, though that is far above current prices. The RSI at 13.87 is deeply oversold, and historically, one-day drops of more than 5% have led to higher prices a month later 70.9% of the time, but the trend remains firmly down.
SOXX fell sharply to $471.5 on October 30, a move that deepened a multi‑week decline and left the fund well below its 50‑day average of $529.1. The drop follows a broader sell‑off in AI‑linked semiconductor names after disappointing earnings from the sector’s megacaps and a widening discount on AI‑related debt. The balance of evidence points to a bearish short‑term outlook, with the price now sitting under key resistance and the math favoring a downside target near the 52‑week low.
The recent plunge was triggered by a wave of negative news across the semiconductor space. Intel warned of weak fourth‑quarter earnings and guided EPS to just $0.25, while Qualcomm and Lumentum slumped double‑digit percentages on guidance concerns, all feeding a market‑wide rotation away from AI‑heavy exposure (CNBC). Those headlines hit the basket of semiconductor stocks that dominate SOXX, pulling the ETF down more than the broader market, which lost 0.56% over the same five‑day window.
SOXX’s 5‑day relative performance was –1.40% versus the S&P 500’s –0.56%, confirming that the fund lagged the broad market by roughly nine‑and‑a‑half percent over 50 days (CNBC). The daily trend aligns with the weekly downtrend, and the fund remains below its 40‑week average, reinforcing a longer‑term bearish bias.
Debate around the semiconductor theme remains split. Morningstar highlighted a bullish case for Broadcom, noting a potential 21.5% upside if AI‑startup demand holds. Conversely, analysts at Reuters took a neutral view on Samsung’s buyback, underscoring valuation concerns that echo the broader sector’s risk premium. Neither narrative fully explains the magnitude of SOXX’s drop, which appears driven more by sector‑wide sentiment than by any single holding.
Valuation spreads for the underlying semiconductor stocks have widened, reflecting heightened uncertainty about AI funding and capital allocation. The fund’s price is now 28% below its 52‑week high and 75% above its 52‑week low, a range that suggests the downside move is still far from exhausted.
The long‑term thesis that semiconductor exposure can capture AI‑driven growth remains intact, but the price is now well below its 40‑week average, indicating the theme is in a corrective phase. The weekly trend is down, and the 50‑day SMA at $529.1 sits above the current price, reinforcing that the fund is in a bearish structural environment.
For the next two to six weeks, the balance of evidence leans negative. The assessment calls for a bearish stance with medium conviction, based on two of four conviction points: the daily trend runs with the weekly downtrend and SOXX is lagging the S&P 500 by 9.5% over 50 days. The math supports a downside breakout: a close below the round $450 level would trigger the target at the 52‑week low of $268.1, offering a reward‑to‑risk of roughly 5.9 to 1. The strongest counter‑argument is the potential for a short‑term bounce if AI earnings surprise, but even a rally to the $475 resistance would still sit below the 50‑day average and would not invalidate the bearish view.
The structure holds the price above the $475 round level; sellers have consistently stepped in at that point during prior rallies, and the weekly trend remains down. A break of the $529.12 50‑day SMA would be required for the trend to reverse, but the current price is 11% below that level.
The downside breakout math is clear: a daily close under $450 would signal the first leg of a move toward the $268.1 52‑week low, with a reward‑to‑risk of 5.9 to 1. The stop is set at $480.6, derived from a $475 round level plus a quarter of the 14‑day ATR ($22.41). The math meets a 3‑to‑1 reward‑to‑risk, so the trade‑off is favorable if the breakout occurs.
A weekly close above the 50‑day SMA at $529.12 would alter the structural bias, indicating that the downtrend may be ending. A material inflow into semiconductor‑focused funds or a surprise earnings beat from a major holding could also shift sentiment, but the price level is the primary trigger.
Interactive SOXX chart and analyst chat · Market terminal — movers, signals and news · Use MarketCrew inside Claude · Use MarketCrew inside ChatGPT · Top gainers today · 52-week highs