By Mill Chart
Last update: Oct 6, 2023
In this article we will dive into MONOLITHIC POWER SYSTEMS INC (NASDAQ:MPWR) as a possible candidate for growth investing. Investors should always do their own research, but we noticed MONOLITHIC POWER SYSTEMS INC showing up in our strong growth, ready to breakout screen, which makes it worth to investigate a bit more.
ChartMill employs its own Growth Rating system for all stocks. This score, ranging from 0 to 10, is derived by evaluating different growth factors, such as EPS and revenue growth, taking into account both past performance and future projections. NASDAQ:MPWR has earned a 8 for growth:
ChartMill utilizes a Health Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of liquidity and solvency ratios, both in absolute terms and in comparison to industry peers. NASDAQ:MPWR has earned a 9 out of 10:
ChartMill's Profitability Rating offers a unique perspective on stock analysis, providing scores from 0 to 10. These ratings consider a wide range of profitability metrics and margins, both in comparison to industry peers and on their own merits. For NASDAQ:MPWR, the assigned 9 is a significant indicator of profitability:
ChartMill also assign a Setup Rating to every stock. With this score it is determined to what extend the stock has been trading in a range in the recent days and weeks. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. NASDAQ:MPWR scores a 8 out of 10:
Although the technical rating is bad, MPWR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 460.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 450.20, a Stop Loss order could be placed below this zone.
Every day, new Strong Growth stocks can be found on ChartMill in our Strong Growth screener.
For an up to date full fundamental analysis you can check the fundamental report of MPWR
Our latest full technical report of MPWR contains the most current technical analsysis.
This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.
MONOLITHIC POWER SYSTEMS INC
NASDAQ:MPWR (4/23/2024, 9:26:41 AM)
616.82
+16.19 (+2.7%)
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