APPLIED OPTOELECTRONICS INC (AAOI) Stock Technical Analysis
NASDAQ:AAOI - US03823U1025 - Common Stock
24.2 USD
-1.29 (-5.06%)
24.21 USD
+0.01 (+0.04%)
Taking everything into account, AAOI scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AAOI is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
AAOI is one of the better performing stocks in the Communications Equipment industry, it outperforms 80% of 48 stocks in the same industry.
In the last month AAOI has a been trading in the 19.89 - 26.97 range, which is quite wide. It is currently trading near the high of this range.
AAOI has an average volume of 5356750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, AAOI did better than 95% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
AAOI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AAOI is lagging the market.
AAOI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 26.13. Right above this resistance zone may be a good entry point.
More info and screens
12.09
28.68
We found 3 important support areas.
- Support @21.53 from a horizontal line in the weekly time frame.
- Support @20.86 from a horizontal line in the daily time frame.
- Support @12.21 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 26.13 to 26.18. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @28.40 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for AAOI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AAOI is up. |
| ChartMill Relative Strength | 95.82 | POSITIVE | AAOI has a high relative strength, it outperformed 95.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AAOI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of AAOI is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of AAOI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.94 | NEUTRAL | The RSI value for AAOI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests AAOI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.14 | NEUTRAL | The Stochastics value for AAOI is a neutral value. |
| Average True Range in percent/ATR (20) | 10.15 | HIGH VOLATILITY | The high ATR as a percentage value for AAOI suggests high volalility. |
| Average Directional Index/ADX (14) | 17.77 | NEGATIVE | The low ADX value for AAOI suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 26.19 | 21.52 | 4.67 (17.83%) | 5.61% |
| An entry @26.19. This is a Buy Stop order right above the resistance zone. | An exit @21.52. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.67 points, which is 17.83%. | When investing 5.61% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
24.2
-1.29 (-5.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-5.06%
1 Week-2.38%
2 Weeks8.2%
1 Month12.4%
3 Month56.94%
6 Month10.7%
12 Month113.22%
2 Year75.74%
3 Year904.15%
5 Year108.08%
10 Year17.42%
15 YearN/A
Volatility
ATR(14)2.62
ATR(20)%10.15%
ATR Inc17.33%
Range Today2.56
ADR(20)2.34
ADR(20)%9.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.82
Mansfield-0.32
10 Day High26.97
10 Day Low20.72
20 Day High26.97
20 Day Low19.89
52 Week High44.5
52 Week Low9.71
CS1 End21.53
CR1 Start26.13
Volume & EV
DER(3)-3.43%
DER(5)-2.72%
Volume3.70M
Volume Incr-11.22%
Vol(5)5.01M
Vol(50)5.36M