Pivot points (for Dec 5): PP=144.43
Resistance: R1=146.88
Support: S1=140.80
Crucial (decision) point is M-(142.62)
The st-support zone ~143-141 protects the 'pattern target' ~142 (read Nov 8 post).
The next target should be ~136 --> the upper edge of (static) support zone.
Standard technical d-trading. The d-sentiment is negative - the stock is under the PP-line, testing the upper edge of s-zone (see above).
Price-volume correlations stay negative (the stock falls with much higher volume than it rises).
As for 'standard indicators':
- 'macd' is negative since Nov 30 and under the 'signal', which is turning negative as well;
- 'mfi' is around 30, declining systemically since Nov 7;
- SMA(100) = ~141, just touching the lower border of s-zone ~141-143
As for LT-horizon, the upper/lower edges of (strategic) LT-uptrend channel (formed since 2010) are currently around ~123 / ~96
The fair value (based on company fundamentals) lies within the range ~70-120.
On Jan 17, 2018,the company will report for Q4(2017): EPS = 1.26 at 'net sales' = 2.28
Thus, Q4(2017) earnings will be lower than in Q3(2017). Again, Q4(2017) EPS=1.26 will be almost the same as EPS=1.23 in Q4(2016). So, at growing 'net sales'--> 2.28 in Q4(2017) contrary to 1.908 in Q4(2016) --> the EPS for Q4(2017) will not grow up in respect to Q4(2016).
Comparing earnings, don't forget the company paid just ~14% tax in 2017 (much lower than other firms pay), though it was much lower --> ~(1-5)% years ago (read old posts). And this 'tax uptrend' most likely will continue.
As for the PHLX Semiconductor Index, the sector has passed by the lover volatility edge (LVE ~1000) of the 'tech bubble' 03-2000 in June 2017. So, GS was not wrong giving 'earlier warning' signal. Moreover, in Sep 2017 the index passed by the famous 03-2000 'bubble top' = 1181.89, getting recently ATH at 1342.05 (with almost the same P/E ratios). Thus, the index is well above the former 'bubble top', and the sector is highly overvalued. Given FA & TA indicators, the prob is really high a new 'tech bubble' is (almost) completed (most likely we see just 'bubble-top-forming').
As for 'aex', since hitting the target ~535 on Dec 1 as 'prescribed' (read posts from mid Nov), the index is still testing 'intermediate' r-zone ~540.2-542.8
Good luck