APPLIED OPTOELECTRONICS INC (AAOI) Stock Technical Analysis
NASDAQ:AAOI - Nasdaq - US03823U1025 - Common Stock - Currency: USD
Taking everything into account, AAOI scores 5 out of 10 in our technical rating. In the last year, AAOI was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
In the last month AAOI has a been trading in the 20.48 - 31.58 range, which is quite wide. It is currently trading near the lows of this range.
AAOI is one of the better performing stocks in the Communications Equipment industry, it outperforms 91% of 48 stocks in the same industry.
AAOI has an average volume of 5037210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When comparing the yearly performance of all stocks, we notice that AAOI is one of the better performing stocks in the market, outperforming 97% of all 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 average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
11.84
29.20
We found 3 important support areas.
- A support zone ranging from 21.41 to 21.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.75 from a trend line in the daily time frame.
- Support @11.96 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 22.89 to 23.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @27.74 from a trend line in the daily time frame.
- Resistance @28.91 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 | NEUTRAL | NEUTRAL | The long term trend for AAOI is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AAOI is down. |
| ChartMill Relative Strength | 97.44 | POSITIVE | AAOI has a high relative strength, it outperformed 97.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AAOI is below a declining 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) | UP | MIXED | The current price of AAOI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.44 | NEUTRAL | The RSI value for AAOI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.7 | NEGATIVE | The MACD value suggests AAOI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.52 | OVERSOLD | The low Stochastics value suggests AAOI may be oversold. |
| Average True Range in percent/ATR (20) | 9.45 | HIGH VOLATILITY | The high ATR as a percentage value for AAOI suggests high volalility. |
| Average Directional Index/ADX (14) | 25.55 | POSITIVE | The high ADX value value for AAOI suggests a strong 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)
21.56
-0.77 (-3.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-3.45%
1 Week-2.36%
2 Weeks-13.58%
1 Month-20.96%
3 Month52.22%
6 Month-24.59%
12 Month188.5%
2 Year62.16%
3 Year826.56%
5 Year92%
10 Year8.35%
15 YearN/A
Volatility
ATR(14)2
ATR(20)%9.45%
ATR Inc-7.11%
Range Today3.31
ADR(20)2.07
ADR(20)%9.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.44
Mansfield-0.63
10 Day High27.88
10 Day Low20.48
20 Day High31.58
20 Day Low20.48
52 Week High44.5
52 Week Low7.67
CS1 End21.53
CR1 Start22.89
Volume & EV
DER(3)1.31%
DER(5)0.49%
Volume12.20M
Volume Incr14.01%
Vol(5)5.13M
Vol(50)5.04M