The SOX index, which measures the performance of the semiconductor sector, is at a critical support level. This range between 10,000 and 10,200 points is key for investors, following a recent 6% drop.
The SOX index, which reflects the state of the chip market, presents important support between 10,000 and 10,200 points, according to expansion.com. Since the beginning of the week, the market has been under pressure following the Federal Reserve's interest rate hike to 4%. This situation has generated concern among technology investors.
The index experienced a drop of nearly 6% at the start of the week, which has intensified nervousness in the sector. Despite this, the index continues to reflect significant growth since the lows of March, when it increased by 107% in less than three months.
Among the companies to watch, ASML presents important support around 1,300 euros, coinciding with previous highs in January, February, and April. Meanwhile, Analog Devices has support in the range of 327-340 dollars, while Marvell Technology is at 163 dollars.
The situation also affects Intel, whose control zone is in the range of 66-80 dollars. Taiwan Semiconductor and AMD should be monitored at levels of 373-380 dollars and 450 dollars, respectively. Overall, the SOX index, which has grown over 60% this year, shows signs of being oversold, which could limit the risk of further declines.
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