Semi leadership has narrowed all summer. The megacap names carry the tape, the mid-cap fabless
group trades sideways, and the semi-cap-equipment leg quietly builds a base underneath. That’s
the setup coming into September — and the scan is starting to reflect it.
This week’s scans surfaced five chip names with two or more
fired signals. The composition matters: the leaders are still leading (NVDA, AVGO), but the
mid-caps are quietly waking up. Below is what we’re watching, in order of signal count.
The names on the list
NVDA
NVIDIA Corp.
$142.68 +2.4%
A
C
E
G
RVOL 1.8x
RSI 62 ↑
ADX 31
IVR 44
ERN 22d
Four signals fired, still the cleanest chart in the group. The bull flag (G) triggered
on 1.8x volume Thursday and MACD (E) is expanding into the breakout. Earnings are three weeks out —
binary-event risk is on the clock but the setup itself is intact.
AVGO
Broadcom Inc.
$187.45 +1.1%
A
E
H
RVOL 1.2x
RSI 58 →
ADX 28
IVR 39
ERN 48d
Quieter setup than NVDA but structurally stronger. Three higher lows (H) inside a
multi-month uptrend, and the golden cross (A) just fired on Tuesday. RSI is neutral, which is
exactly what you want on a continuation setup — there’s room to run without immediate overbought risk.
AMD
Advanced Micro Devices
$168.92 +0.6%
C
F
H
RVOL 1.6x
RSI 54 ↑
ADX 22
IVR 58
ERN 41d
The reclaim setup we’ve been waiting on. SMA-50 reclaimed (F) on Wednesday with volume (C),
and the swing structure (H) still holds. ADX is soft, which means it’s more of a base-build than a
trend leader — the tell will be whether next week can push through the July high.
MU
Micron Technology
$118.30 +3.2%
C
E
G
RVOL 2.1x
RSI 66 ↑
ADX 34
IVR 71
ERN 8d
Loudest signal of the group but earnings are next week. Volume, bull flag, MACD all firing,
ADX at 34 is genuinely strong. But IVR at 71 tells you the market is pricing the report — and
eight days to the print is a size-differently situation, not an add situation.
MRVL
Marvell Technology
$76.14 +1.8%
B
F
RVOL 1.4x
RSI 51 ↑
ADX 19
IVR 45
ERN 34d
The reversal candidate. Two signals only, but the double-bottom neckline (B) broke on
Thursday with the SMA-50 reclaim (F) confirming. ADX is low so this is early — but if it’s going
to work, the risk is defined and the reward window is wide.
The read across the five: two clean continuation setups (NVDA, AVGO), one base-build (AMD),
one loud-but-binary (MU), and one early reversal (MRVL). Different risk profiles, different sizing.
That’s where the positioning work lives — below.