Soxx stock price forecast recent trading data indicates SOXX

Recent trading data indicates SOXX consolidating near $225 support, with volume suggesting accumulation ahead of next earnings season. Semiconductor sales growth above 10% YoY could push the ETF toward the $240 resistance zone. Around 213,000 Americans filed for first time jobless benefits last week, the Labor Department reported, a 6,000 decline from the prior period that came in just under Wall Street forecasts and the lowest tally since late April. We adopted the Vader Sentiment engine to help translate multi-language texts into scores. It classifies sentiment scores on a scale as introduced by Hutto and Gilbert (2014) : SOXX price forecast reflects optimism about U.S. CHIPS Act subsidies. Near-term target sits around $238, with extended gains possible if capital expenditures accelerate.