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Semiconductor

$SMH Cup & Handle Pattern ### Technical Analysis Overview: VanEck Vectors Semiconductor ETF ( NASDAQ:SMH ) – Cup & Handle Formation on Weekly Chart The VanEck Vectors Semiconductor ETF ( NASDAQ:SMH ), which tracks the performance of the semiconductor sector, is currently exhibiting a classic Cup & Handle pattern on its weekly chart. This pattern is a significant indicator in technical analysis, often suggesting a potential bullish continuation. #### Understanding the Cup & Handle Pattern The Cup & Handle is a bullish chart pattern that typically forms during an uptrend and is indicative of a period of consolidation followed by a potential breakout. It consists of two main parts: 1. **The Cup**: This part of the pattern represents a period of consolidation, starting with a gradual decline in price, followed by a bottoming out and a recovery back to the starting level. The cup should have a rounded or "U" shape, indicating a stabilization of price after a downturn. 2. **The Handle**: After the formation of the cup, a slight downward drift in price forms the handle. This is usually a smaller retracement and does not fall deep into the cup. The handle can be seen as a bullish flag or pennant and represents a final consolidation or a shakeout of less committed traders before a potential upward breakout. #### Implications for NASDAQ:SMH For NASDAQ:SMH , the emergence of the Cup & Handle pattern is an encouraging sign for bullish investors. It suggests that after enduring a period of correction and consolidation, the ETF might be preparing for a continuation of its previous upward trend. #### Key Aspects to Monitor - **Breakout Point**: The critical level to watch is the resistance line formed at the top of the cup. A strong move above this level, preferably with increasing trading volume, could signal the continuation of the bullish trend. - **Handle Formation**: The depth and duration of the handle are crucial. It should be relatively shallow compared to the cup and show signs of stabilizing or minor retracement. - **Volume Analysis**: An authentic breakout is typically accompanied by a surge in trading volume, providing additional confirmation of the pattern’s validity. #### Trading Considerations Investors considering positions in NASDAQ:SMH should closely observe the completion of the handle and the subsequent price action. A breakout above the rim of the cup could present a potential entry point for a long position, while a decline below the handle might necessitate a reassessment of the bullish outlook. It is important to remember that while the Cup & Handle pattern is a powerful tool in technical analysis, it should be considered in conjunction with other indicators and market fundamentals to make well-rounded investment decisions.
NASDAQ:SMH
by AlgoTradeAlert
$ON: EV headwinds are priced in.$ON:1D With the earnings forecast providing downside price pressure on the longterm trend, NASDAQ:ON hits the lowest level on its1D RSI in over two years. Needless to say, our trend has been weakened from a Pearson’s R^2 of 0.91 down to a Pearson’s R^2 of 0.88 while losing a little more than 3% of the longterm trend strength in the process. While there are significant headwinds facing the EV market at current, from supply constraint’s on graphite to scaling EV’s across our shaky electrical grid system, it seems as though NASDAQ:ON has those concerns ‘overly priced in’ and could be poised for a rebound along with the broader semi-conductor market. I would expect NASDAQ:ON to make an attempt at coming ‘back in line’ with its long term trend and to make a move up to the lower 3rd standard deviation line at 76.49 and possibly higher before year’s end. Not financial advice. All stocks can go to zero.
NASDAQ:ONLong
by Firewalker_Charts
NVDA, CRUCIAL Pullback Triggers, Major BEARISH Indications!Hello There! Welcome to my new analysis about NVDA on several timeframe perspectives. Within the recent times the market of NVDA has shifted into a potentially crucially developing bearish pullback scenario consideration. Especially, as there are underlying bearish factors that could trigger such a bearish signal that NVDA does not have the ability to emerge with new highs in the near future. Within the recent times "official" sources have reported about the new Covid-19 variant "Iris" which is already causing the rise of the hospital activity to over 40%. Within the Covid-19 pandemic global financial market disruptions such stocks showed a major downside. Only a half of this dynamic seen in 2020 this time could trigger such a bearish rection in NVDA that is causing further net-long-position liquidation-squeezes towards the downside to emerge with a minimum -30% dump. A major shortage within the semiconductor manufacturing could accelerate a bearish dynamic here as NVDA could emerge with a massive bearish indication especially once supply chain disruptions emerge similar as it has been alreay seen within the actual declines in May 2020 because of this dynamic. Depending on the severeness and intensity of the supply shortages this could trigger such a bearish momentum that even once the final ascending-wedge targets are reached NVDA moves further after this. Once a continuation of bearish pullbacks emerges here and NVDA formed the breakout below the lower boundary of the gigantic ascending triangle this is going to activate the target-zones marked in my chart at 280-300. Once the targets are reached it has to be elevated how the bearishness continued till there on and if a reversal will even be possible. When NVDA continues with the major bearish inclinations this does not mean NVDA is going to be bearish forever and that it is not going to mark a new all-time-high ever again. Because, especially when the bearish momentum could reach such a level from where a reversal is possible in combination with a confirmation in the market there is still the possibility for stabilization and a retest of previous areas. This is why I am keeping the symbol on the watchlist and re-evaluate the situation once important changes setup. In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated. VP
LSIN:0R1I
by VincePrince
13
NVDA: On the trendlineFriday selloff has started doom and gloom predictions everywhere. Yes, the selloff was kind of aggressive, but not the worst one in the recent few months. And price has fallen back on the trend line going back Feb and May bottoms. If the trendline breaks next week, then the next support is at $414. If that breaks, then things will start to take a nasty turn. Below $400 there is a slim support at $375 and then pretty much nothing until $320 - $317. But by then, the technical damage will be too difficult to restore. There is another trendline going back last year oct and this year Jan bottoms. That will be a more important trendline to hold. So, basically if we do not see a hefty bounce next week, then it might be time to call it a top for a while (at least for a year or so)...But if we do see the bounce and another ATH, then $650-$700 will be the area to watch for...
NASDAQ:NVDA
by mukit1
AMD - Rising Trend Channel [MID -TERM]🔹Breakout short-term resistance be POSITIVE signal with support at 100 and resistance at 130. 🔹Price increases on high volume and decreases on low volume. 🔹Technically POSITIVE for medium-term long-term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NASDAQ:AMDLong
by wavepoint99
SOXL pullback is ready to buy longSOXL the 3X leveraged ETF of semiconductor stocks has gained 145% for the first half of the year. As shown on a 2H chart, the price has pulled back but the overall trend of HH and HL is intact within an ascending parallel channel. Price previously touched the lower trendline on May 24th while it touched the upper trendline May 30th and then again June 15th. Between May 31st and June 7th it did a Fibonacci retracement. Price is presently reversing at the lower trendline and is above the Ichimoku cloud a sign of bullish predominance. Price is above the mean VWAP anchored to the low of May 24th another bullish sign. The RSI indicator showing Ichimoku features has an RSI above 50 and above the cloud affirming a bullish bias. I believe that this is setup for a long trade with about 12-15% upside in two weeks or less for a much smaller risk. A call option trade could also be entertained if a setup with a good delta low spread and high volume / liquidity can be found.
AMEX:SOXLLong
by AwesomeAvani
lets talk about a broader turn around in technologytechnology has led the market down. semiconductors have led technology. this stock has exhibited particular rate of change and other bullish volume based oscillations. bil williams ma, vwma, ema, trama as well as displaced ma are also bullish along trend lines. this leads me to a swing vased strat for continuation following the concordant supports, resistances and resulting ghost feed. this goes for stock like NVDA, and the broader market too. i am selling as spx approached 4035-4037, and i am hedging on pullbacks in taiwan semiconductor by buying SOXS and scalping for a few pennies at a time. im long the broader market with TQQQ on breaks of resistance or support on daily higher lows.
NYSE:TSMLong
by cerealpatterns
VOLUME FLOW: SEMI'S ($SMH) AGAINST THE BROADER MARKET ($SPY)VOLUME FLOW INDEX: Both $SPY (broader market) and $SMH (semi-conductor industry) are currently in a neutral trend as measured by their 13 Day EMA envelope (top box). Both are also residing in similar places within their longer term downward trends. It is only when we take a look at volume as measured by the Volume Flow Index (VFI) that we can uncover some relative differences that could prove meaningful in the near term. Volume has yet to breach zero line (white horizontal histogram) to the upside in broader market ($SPY, see left lower box). Volume has breached the zero line in the semi-conductor sector($SMH, see lower right box), as illustrated by the yellow vertical line. This would indicate good 'force' behind the recent semi-conductor rally as measured by 'volume follow through' which I would consider a measure of 'conviction'. This could be indicative of a near term preference for the semi's amidst an overall run to defensives in the broader market OR it could just be that semi's are a little bit stickier than the rest of 'growth' and still have some downside wood to chop. Given the semi's association with 'Growth' this divergent volume trend seemed counter-intuitive to the prevailing narrative so I thought I would share. (Not financial advice)
NASDAQ:SMH
by Firewalker_Charts
ON Semiconductor Corporation can provide further upside in 2023NASDAQ:ON was in a strong correlation with SP:SPX in the last years. To be accurate, the correlation was so strong between 2002 to 2021. However, since the beginning of this year, this correlation is not working anymore. In this bear market, the company has been providing price support and testing new high levels. From a fundamental point of view, US needs to secure more domestic capability for semiconductor production. So, this company can provide more upside in the next year based on this new developing trend.
NASDAQ:ONLong
by The_Quantastic
TSM | Oversold Semiconductor | LONGTaiwan Semiconductor Manufacturing Company Limited manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors. The company also offers customer support, account management, and engineering services, as well as manufactures masks. Its products are used in mobile devices, high performance computing, automotive electronics, and internet of things markets. The company was incorporated in 1987 and is headquartered in Hsinchu City, Taiwan.
NYSE:TSMLong
by DivergenceSeeker
BESI in a bull flag.BE SEMICONDUCTOR INDUSTRIES - 30d expiry - We look to Buy a break of 53.22 (stop at 49.98) Prices have reacted from 38.46. Short term bias has turned positive. Short term momentum is bullish. 53.02 has been pivotal. A break of bespoke resistance at 53.00, and the move higher is already underway. Our outlook is bullish. Our profit targets will be 60.84 and 63.84 Resistance: 53.00 / 55.40 / 59.00 Support: 50.00 / 47.30 / 45.60 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
EURONEXT:BESILong
by Saxo