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Semiconductors

NIO: Waiting on the Bottom for EVsThis is not actually a bottom starting yet. NIO needs to show some up and down sideways action that holds above the low of 8.40. But it is at strong support level from its IPO sideways pattern from 2018. This is a weekly chart so you can see that long-term support, which is both fundamental and technical. For ALL Electric Vehicle manufacturers, 2023 may possibly be that big growth year. It is important to keep an eye on all new technologies because when the Post-pandemic Renaissance really takes off, the speed at which EV dominates will probably surprise most people. The top 3 EV companies, Top 3 Semi-conductor companies for EV, the Top 3 companies for major components like solid state batteries, the Top component manufacturers for sensors, etc. are all up for grabs. Nobody has the lead right now. It is all about who can convert to robots and robotics faster and who incorporates solid state batteries and other component integration to meet demand. Don't worry about charging stations. Those are already being built and incorporated into gas stations everywhere, corporate offices and public transportation.
NYSE:NIO
by MarthaStokesCMT-TechniTrader
1
SOXL | Semiconductor Bull 3x ETF | LongThe fund invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index is a rules-based, modified float-adjusted market capitalization-weighted index that tracks the performance of the thirty largest U.S. listed semiconductor companies. The fund is non-diversified.
AMEX:SOXLLong
by DivergenceSeeker
4
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
WISA | Semiconductor Play | LONGWiSA Technologies, Inc. develops, manufactures, and sells audio wireless technology for smart devices and next-generation home entertainment systems under the WiSA brand name in the United States, Taiwan, China, Japan, and Korea. It delivers immersive audio experiences for high-definition content, including movies, video, music, sports, gaming/esports, and others. The company was formerly known as Summit Wireless Technologies, Inc. and changed its name to WiSA Technologies Inc. in March 2022. WiSA Technologies, Inc. was incorporated in 2010 and is headquartered in Beaverton, Oregon.
WLong
by DivergenceSeeker
What’s happening in semiconductors? The next chapterWe recently wrote about semiconductors from the perspective of capital spending and government policies aimed towards encouraging further capital spending and ultimately semiconductor independence. However, we’d be remiss to not at least touch on some of the current geopolitics. A simplified look at the semiconductor supply chain If one simplifies a rather complex set of interrelationships across countries, we can see a triangle with three distinct corners1. Foundries: These companies are manufacturing the physical chips. There are not too many individual players, as the capital expenditures to enter this space are extremely high. Additionally, they don’t all have the same capabilities. Taiwan Semiconductor Manufacturing Co. (TSMC) is well known for being able to reliably manufacture the most advanced chips in the world. Samsung Electronics, Intel and Global Foundries represent other important players. Intellectual Property Companies: These companies make and sell different layouts and designs. ARM, the company currently owned by SoftBank, is one example with a huge presence across the internet of things (IoT). Electronic Design Automation (EDA) Tools: EDA was only $10 billion in 2021, a small part of the overall $595 billion semiconductor market, but it is essential if chip manufacturers are to determine if a design is feasible prior to production. Cadence, Synopsys and Mentor Graphics are the three leading players in this space. Together, they control about 70% of the global market. Behind each of these points on the triangle is a lot of history embedded as experience, and it is important to recognise this since it is what makes it particularly challenging for an outside player—in this case China—to just copy it. The ASML example Lithography is the term used for the practice of etching the appropriate designs on the silicon that allow for the functional operation of the transistors. More transistors spaced more closely together, simply put, means a more efficient and capable chip. Today’s Apple M1 chip contains 16 billion transistors2. The degree of precision engineering required to be able to put 16 billion transistors on something that is not the size of multiple city blocks, much less could fit within a laptop or smartphone, is one of the most impressive feats of human ingenuity that the world has ever seen. The short version of the story is that a company in the Netherlands, ASML, was in a position to take a big risk in the 2000’s—the pursuit of extreme ultraviolet lithography (EUV). EUV was needed because there needed to be shorter wavelengths of light used to almost shave atom by atom away from the silicon to make the transistors small enough, basically 5-nanometres. This light is generated by flashing a specific type of laser 50,000 times per second at molten tin3. Developing EUV was so capital intensive that only a single company did it: ASML. Components for the machines that do this fill four 747 airplanes and are sourced from specific companies all over the world. Operating the machines at scale requires an incredible depth of experience4. Given the flavour of the topic, you have probably already guessed the geopolitical implications. Some of the components of the EUV machines do come from the United States. Then, there is the relationship between the US government and the government of the Netherlands. As a result of those discussions and where we are presently, EUV machines are not being sent to China. The Nvidia case In August 2022, the US took a further step to limit China’s artificial intelligence (AI) ambitions through further restrictions on the export of very specific semiconductors5: Nvidia will be restricted from selling the A100 graphics processing unit into China, Hong Kong and Russia Nvidia will also be restricted from selling its forthcoming H100 series of graphics chips into these same markets users of the A100 include Alibaba, Tencent and Baidu—the companies that provide some of China’s largest cloud computing infrastructure Nvidia is the most visible company with respect to these types of chips, and as of this writing it had the largest market cap amongst the semiconductor companies. It would not surprise us if other firms that have chips of similar types of capabilities could be named in the future. Conclusion: Can China ‘go it alone’? We might take a step back at this point and think, wait, China has massive resources. Why don’t they just make their own chips? We don’t discount the fact that China absolutely could make its own chips, but it would be more a question of how long it would take and how advanced those chips could be. The EUV process was something that took both massive investment and about 20 years. ASML is able to manufacture the machines that it does and support companies like TSMC operating at scale because they have the benefit of learning from all the mistakes along the way. China can certainly make efforts along the path, but simply spending money is not going to lead to an effective EUV process that can manufacture the most cutting-edge chips at scale—the key being ‘at scale without a high defect rate.’ During the four years ended 2024, China is slated to complete 31 major semiconductor factors. By 2025, 40% of the world’s capacity to produce chips with 28-nanometre nodes is expected to be in China6. This tells us that China is making big investments away from the absolute cutting edge—and we have to remember that the world does need those chips as well. It will be very difficult for any country to fully take in all aspects of the semiconductor supply chain, but we are seeing notable efforts to that end in 2022 that will likely continue. Sources 1 Source: Yang, Zeyi. “Inside the software that will become the next battle front in US-China chip war.” MIT Technology Review. 18 August 2022 2 Source: Wikipedia Apple 3 Source: Thompson, Clive. “Inside the Most Complicated Machine on the Planet.” MIT Technology Review. Volume 124, Number 6, November/December 2021 4 Source: Thompson, November/December 2021 5 Source: Lin, Liza & Dan Strumpf. “Latest U.S. Chip Curbs Deliver Setback to China’s AI Ambitions.” Wall Street Journal. 1 September 2022 6 Source: Strumpf, Dan & Liza Lin. “China Bets Big on Basic Chips in Self-Sufficiency Push.” Wall Street Journal. 24 July 2022
NASDAQ:SOX
by aneekaguptaWTE
1
Early Thoughts for ONI am looking at $ON Semiconductor here for a potential move to the low $90 range. If the stock can hold strong over what I would call the "mode" in the mid $60s, it is fair to look at the $90 level as a realistic target. The stock has undergone a good bit of balance/consolidation in and around the mid $60 and looks to have a chance to make that breakout into all time highs. We will see over the coming days what the agenda is here, but I wanted to release my early thoughts. Looking forward to see how it plays out. I do have a position in the stock myself. Make sure to always size appropriately and trade safely! Happy Thanksgiving week from the US and Best of Luck!
NASDAQ:ONLong
by redykhouse
AVGO: Support Retest LikelyIts very possible that AVGO will be heading back to the 400 levels after rallying up to the resistance levels in the ~520s. Semis have had a strong run and the bounce on AVGO has been fairly significant without any convincing establishment of support levels on the way up. With this and the upcoming economic catalysts, its likely that a significant retrace is on the way. Alternatively, there is the chance of a bullish continuation so this is a trade that needs to be quickly closed if it begins to breach the current resistant levels.
NASDAQ:AVGOShort
by myceliium
Log Chart Paints Bleak Picture for NVDAPrimary Chart: Daily Chart on Log Scale with Down Trendlines, VWAPs, and Key Price and Fibonacci Levels Some may be feeling a bit giddy over the fact that NVDA has rallied 28% off the lows. But look at those other bear rallies since the all-time highs shown on the Primary Chart. How do we know this time will be different? Expecting it to be different before a dramatic shift in the macro environment, or before a serious change in trend structure, is like hoping a lottery ticket will somehow beat the astronomical odds against it. This post is not asserting that traders can't make money on a bear rally. Countertrend trades, though lower probability trades that remain very tricky, can be a profitable part of a traders approach. For traders willing to see both the bearish and bullish side of markets this year, some of the bear rallies could have been exceedingly profitable even if only a portion of those rallies was caught by the trade. A logarithmic chart of this former stock market leader NVDA reveals an even bleaker picture than the linear chart. A linear chart shows that NVDA is contending with some limited degree of success with a shorter-term down TL from March 29, 2022 through the mid-August 2022 highs.That has some validity and can be watched as well going forward. But given the sheer magnitude of the decline this year, it's worth paying heeding the log version (shown on the Primary Chart) as well. The log version shows the shorter down TL being some distance above where price is currently trading, meaning that NVDA has a fair amount more work to even start to *begin* to change its trend structure. For comparison, here is the linear chart with the shorter of the two major down TLs shown: Supplementary Chart A: Down TL from March 29, 2022 Sure, NVDA is rallying nicely off the YTD lows from mid-October 2022. And that rally should continue to be respected until it's confirmed to be complete. A good way to gauge the rally off the lows is to use an upward trendline—here a parallel channel is used, and the lower boundary of the channel is the upward trendline off the lows. Consider the following "zoomed-in" version of the chart using an intraday 130m price bar: Supplementary Chart B: Parallel Channel from October 2022 Low For now, price is well contained within that channel. Shorting does not make sense until good confirmation arises that this bear rally is finished. The VWAP anchored to YTD lows (orange) also may work as a guide for the short-term bear rally. It is prudent not to fight the rally until it's weakened or has reached a major resistance level and shown signs of weakening momentum or negative divergences. SquishTrade will be continuing to monitor both NVDA and AMD for potential shorts should this rally gather a bit more steam. A key tell is that semiconductors have decisively undercut YTD lows in June, which creates a bearish pattern generally speaking. What are some logical price targets for this rally? Before discussing targets, a bit of a disclaimer. Countertrend targets can be a little silly to discuss—a countertrend rally can fail at any time, so picking a price target is a bit like tossing a dart with one's eyes closed. But given the parallel channel and VWAP remain supportive of the rally so far, NVDA could continue to climb until it gets squished by the FOMC presser, CPI report, or disappointing earnings. NVDA closed at $135 today, November 1. SquishTrade thinks NVDA has a reasonable probability of reaching $140.55 (the blue line on the Primary Chart that coincides with a major swing low). Only if $140.55 is exceeded, the next price target can come into play—which is $144.36, a key Fibonacci level. After that is the $145-150 gap fill area which will also coincide with the down TL from March 2022 (on a log chart) in the next week or so. Just because these targets make sense does not mean that they should be traded, which depends on a person's risk tolerance, time frame, ability to use stops and manage risk as well as understanding of volatility. ________________________________________ Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed. Please note further that this technical-analysis viewpoint is short-term in nature. This is not a trade recommendation but a technical-analysis overview and commentary with levels to watch for the near term. This technical-analysis viewpoint could change at a moment's notice should price move beyond a level of invalidation. Further, proper risk-management techniques are vital to trading success. And countertrend or mean-reversion trading, e.g., trading a rally in a bear market, is lower probability and is tricky and challenging even for the most experienced traders. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction.
NASDAQ:NVDA
by SquishTrade
18
AMD ~ Heavy Demand Area AMD, the semiconductor leader, and monstrous Tech Company has taken a very big hit on its stock in the past 12 months. AMD Has issued guidance worries on demand woes and earlier, supply woes. No matter these shorter-term issues that are going on within AMD, and in the Macro-Outlook of the Economy, AMD is attracting and will be attracting many buyers at these much more fair-valued prices. As AMD has continued to fall it has hit a significant Trendline that has acted as strong support for the past year's downtrend. Along with this trendline tap, AMD continues to enter a major demand zone from pre-covid levels. The High $40s to $60 will remain a very demand-heavy spot for AMD as many buyers step in. Long Term buyers and bounce Buyers are anticipating for a bounce off these trendlines, and possibly a bottom near this solid demand zone. AMD's p/e ratio has fallen dramatically to around 20, resigning a fair price to the company's stock rather than the high $100s. Many Buyers will be seeing value at this price. My thesis is that this can be a smart Long-Term Entry for scale-ins on the company's stock. Buying at these demand levels will carry lower risk/reward with AMD reaching fair value, and a huge demand zone. I personally believe years out, this is a perfect acquiring zone to start!
NASDAQ:AMDLong
by ZachSap
4
AVGO: Head and Shoulders?Broadcom Intraday - We look to Buy at 457.26 (stop at 435.69) A bullish reverse Head and Shoulders is forming. This is positive for sentiment and the uptrend has potential to return. The measured move target is 512.00. Dip buying offers good risk/reward. Our profit targets will be 510.99 and 530.00 Resistance: 512.00 / 574.00 / 670.00 Support: 450.00 / 350.00 / 260.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ:AVGOLong
by VantageMarkets
1
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
Applied Materials: Another Lower High?Applied Materials has recently bounced along with other technology stocks. But some trend followers may look for it to roll over. The first pattern on today’s chart is the line running along the highs of January and August. The chip-equipment stock is approaching that potential resistance area. Will it roll over again? The most recent price action may have already answered that question. After all, Wednesday’s peak was $0.06 below its monthly high from October 6. The S&P 500, in contrast, made new highs last week versus earlier in the month. That may reflect a lack of relative strength. Third, AMAT has been stalling at its 50-day simple moving average (SMA). Is the intermediate-term downtrend still in effect? Finally, stochastics are back to an overbought condition. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NASDAQ:AMAT
by TradeStation