Coinbase $215, Shake Shack $80, SOXX ETF Hits New Highs in 2025: Key Investor Charts to Watch

Stay informed on pivotal technical indicators for COIN, SHAK, and SOXX in today’s market.

Highlights to Note

• Coinbase (COIN) is showing signs of a pennant formation, hinting at a continuation of its upward momentum.
• Shake Shack (SHAK) has broken above its 200-day moving average, defying a recent death cross signal.
• The iShares Semiconductor ETF (SOXX) surged past a flag pattern, approaching resistance near its all-time and August 2023 peaks.

Here is an insightful daily analysis of these three charts following Monday’s market movements, including essential technical thresholds to watch closely.

Coinbase Global, Inc. (COIN)

Coinbase shares dropped 5.9% on Monday amid a broad sell-off in digital currencies, with Bitcoin falling roughly 6%. The largest U.S. crypto exchange also faced selling pressure after Cathie Wood’s ARK Invest disclosed selling 335,860 shares. Despite this, COIN has more than doubled since early November, fueled by optimism around Federal Reserve interest rate cuts, potential approval of a spot Bitcoin ETF, and anticipation of Bitcoin’s April 2024 halving event.

After a sideways trend until late June, Coinbase experienced a golden cross that initiated an uptrend. Currently, a pennant pattern suggests the bullish momentum may continue. Investors should watch for resistance near $215 as a potential breakout point.

Shake Shack Inc. (SHAK)

SHAK shares climbed nearly 10% following the company’s upbeat Q4 revenue forecast, projecting $276.25 million to $281.75 million. CEO Randy Garutti, who has led the company since 2012 and overseen its growth from $100 million to $1.3 billion in global sales, will retire in 2024 but remain as an advisor during the transition.

Despite a death cross signal in late October, SHAK’s price has steadily increased, closing Monday above the 200-day moving average on the highest volume since mid-May, indicating strong buying interest. Watch for resistance near $80, aligned with the year’s peak.

iShares Semiconductor ETF (SOXX)

SOXX rose 3.4% on Monday, powered by a 9% gain in Broadcom (AVGO), the ETF’s second-largest holding at 9.4% allocation. Broadcom’s rally followed a Citigroup upgrade citing strong core business performance and promising AI-driven growth, expected to double revenue to over $8 billion within a year.

SOXX has trended upward through 2023, aside from a brief dip below its 200-day moving average in late October that provided a buying opportunity. The ETF recently broke out of a flag pattern to reach a new 52-week high. Investors should monitor its reaction near resistance zones that align with all-time highs and August 2023 peaks.

All opinions and analyses on ZAMONA are for informational purposes only. Please review our warranty and liability disclaimer for details.

As of publication, the author holds no positions in the mentioned securities.

Have a news tip for ZAMONA? Contact us at tips@ZAMONA

Discover engaging topics and analytical content in Markets News as of 17-12-2023. The article titled " Coinbase $215, Shake Shack $80, SOXX ETF Hits New Highs in 2025: Key Investor Charts to Watch " provides new insights and practical guidance in the Markets News field. Each topic is meticulously analyzed to deliver actionable information to readers.

The topic " Coinbase $215, Shake Shack $80, SOXX ETF Hits New Highs in 2025: Key Investor Charts to Watch " helps you make smarter decisions within the Markets News category. All topics on our website are unique and offer valuable content for our audience.