Soxx stock price forecast analysts tracking the SOXX stock price

Analysts tracking the SOXX stock price forecast point to strong fundamentals from its top holdings. Earnings beats from chipmakers may fuel upside toward $245 resistance before year-end. ASML (NASDAQ: ASML ) is a European company that doesn’t get the attention it deserves considering that it is one of the most important semiconductor-equipment makers in the world. Its stock has largely trailed the gains seen in other chipmakers, having risen only 33% in the last 12 months. We propose a modified approach to sentiment scoring. First, an interval of (−0.05, +0.05) is chosen to broaden the range of sentiment scores classified as neutral, setting all scores within this domain to 0. Additionally, sentiment scores of extreme values, such as +4, are given higher weights than minimal positive values (e.g., +0.1), addressing the limitation in the original model where they had equal weights. Hedge funds increasing exposure to semiconductor ETFs add weight to bullish SOXX price outlook. 20-day EMA crossover supports near-term rally scenarios.