SOXX ETF-$345 Target or Breakdown?

🧠 SOXX ETF – Bearish RSI Divergence Amid Rising Channel | $345 Target or Breakdown?


📅 Date: November 17, 2025
📈 Ticker: NASDAQ:SOXX (iShares Semiconductor ETF)
🕰️ Timeframe: 1D (Daily)

📊 Technical Setup

SOXX has been trading within a rising parallel channel since late Q2. Price is currently consolidating near the mid-line support of this channel after a strong uptrend, with a recent close at $288.52 (-0.30%).

⚠️ Bearish Divergence Alert

The RSI Divergence Indicator (14 close) is showing a clear bearish divergence:

Price: Higher highs

RSI: Lower highs → Now around 41.76

This could suggest weakening momentum and an increased probability of a short-term correction or deeper pullback if trendline support fails.

🔍 Key Levels to Watch

Support Zones:

$280: Mid-channel trendline

$260: Horizontal structure from prior consolidation

$245–250: Lower bound of the rising channel

Resistance / Target Zones:

$300–305: Short-term resistance

$345: Longer-term target based on channel extension and fib projection (approx. Jan 2026)

📉 Bearish Breakdown?

A daily close below $280 on rising volume could trigger further downside toward $260 or lower, invalidating the bullish structure. However, holding this line keeps the uptrend intact.

🧭 Outlook Summary

Channel trend remains bullish 📈

Momentum is weakening 📉

RSI divergence = caution 🚨

Upcoming sessions are key for trend confirmation or breakdown.
Trade idea: Watch for price reaction at $280. Bullish continuation above $305 could validate the $345 projection. Breakdown could see retest of $260.

🔖 Disclaimer:
This is general information only and not financial advice. For personal guidance, please talk to a licensed professional.