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There’s a bottom in place for software stocks after horrid start to 2026, says BTIG

This has not been a kind year for software stocks, but investors in the beaten-down group may soon get some relief.

There’s a bottom in place for software stocks after horrid start to 2026, says BTIG

TL;DR

  • The iShares Expanded Tech-Software ETF (IGV) shows signs of a bottoming pattern.
  • The ETF's Relative Strength Index (RSI) has risen from below 20 to 46.
  • The IGV has recovered above $77 on heavy volume after a brief dip.
  • Software stocks have underperformed in 2026, with IGV down 24%, contrasting with strong gains in previous years.
  • Concerns about AI replicating software functions at a lower cost have impacted the sector.
  • BTIG's technical analyst, Jonathan Krinsky, suggests a bottom is in place and advises against shorting the group.

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