Overall AAOI gets a technical rating of 8 out of 10. Although AAOI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although AAOI has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
20.24
When analyzing the support we can see 2 important areas.
- Support @21.54 from a trend line in the weekly time frame.
- Support @20.44 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @34.85 from a trend line in the weekly time frame.
- Resistance @35.57 from a horizontal line in the weekly time frame.
- Resistance @36.33 from a horizontal 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 | 55.45 | NEUTRAL | AAOI is not amongst the best or worst performers 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 | POSITIVE | The current price of AAOI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AAOI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.44 | NEUTRAL | The RSI value for AAOI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.35 | POSITIVE | The MACD value suggests AAOI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.11 | OVERBOUGHT | The high Stochastics value suggests AAOI may be overbought. |
| Average True Range in percent/ATR (20) | 7.56 | HIGH VOLATILITY | The high ATR as a percentage value for AAOI suggests high volalility. |
| Average Directional Index/ADX (14) | 24.52 | NEUTRAL | The ADX value for AAOI suggests a possible start of a new trend. |
32.06
-4.26 (-11.73%)
APPLIED OPTOELECTRONICS INC / AAOI FAQ
Can you provide the ChartMill technical rating for APPLIED OPTOELECTRONICS INC?
ChartMill assigns a technical rating of 8 / 10 to AAOI.
What is the current trend direction of APPLIED OPTOELECTRONICS INC (AAOI) stock?
The current trend direction for APPLIED OPTOELECTRONICS INC (AAOI) is Bullish.
Can you provide the RSI signal for APPLIED OPTOELECTRONICS INC?
APPLIED OPTOELECTRONICS INC (AAOI) has an RSI value of 59.4396. This indicates that the stock is currently neutral.
What is the MACD signal for AAOI stock?
The MACD indicator for APPLIED OPTOELECTRONICS INC (AAOI) has a value of 1.3489, indicating a bullish trend.
What is the short term momentum for APPLIED OPTOELECTRONICS INC (AAOI) stock?
The short term momentum for APPLIED OPTOELECTRONICS INC (AAOI) is positive.