Analyst Views on $SMH
Semiconductors have buyers in control, supported by rising 20-, 50-, and 200-day moving averages despite potential near-term Micron earnings volatility.
$SMH implied volatility appears to be at a low and can move higher during either a risk-off decline or a midterm rally.
$SMH appears to be forming a higher low and is poised to move higher, potentially providing a tailwind for the lagging Nasdaq 100.
$SMH may have found a low after a September 1 double bottom, with the following two sessions failing to sustain further downside.
$SMH buyers have regained control on the intermediate-term timeframe, leaving the ETF innocent until proven guilty with a higher price target.
$SMH buyers have regained intermediate-term control, leaving the ETF constructive with a higher price target while risk management remains the focus.
$SMH could reach new all-time highs if it forms a higher low near 555 and then breaks back above the 585 to 590 area.
$SMH and semiconductor leaders are becoming stretched after a rapid breakout, warranting caution even though the advance could continue.
$SMH remains below a declining 50-day moving average with lower highs and lower lows despite its 2.8% rebound, unless support at 540 holds and breaks out.
$SMH is moving in the wrong direction as the S&P 500 approaches a decision point, creating a bearish near-term divergence for semiconductors.
$SMH remains a market concern while it rides a declining 50-day moving average and fails to regain an uptrend, leaving semiconductors flat to down.
$SMH looks structurally weakest among semiconductors and appears highly likely to decline toward 510, though the move could include repeated false rallies.
$SMH is stuck below the Leo low AVWAP and remains beneath the flat-to-declining five-period moving average into the afternoon.
$SMH is in a bear market, down at least 20% from its high, as large-cap technology leaders continue to lag.
Semiconductors could decline toward $513 next week if they remain below the five-day moving average, following rejection near the declining 50-day average around $600.
$SMH faces failed-move risk below a declining 50-day moving average, with a measured decline toward 513 aligning roughly with its 506 year-to-date VWAP.
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