We assign a technical rating of 8 out of 10 to AAOI. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, AAOI is only an average performer.
- The long and short term trends are both positive. This is looking good!
- AAOI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AAOI is lagging the market slightly.
- In the last month AAOI has a been trading in the 27.78 - 41.96 range, which is quite wide. It is currently trading near the high of this range.
- AAOI has an average volume of 5216930 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 78% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- AAOI is part of the Communications Equipment industry. There are 48 other stocks in this industry, AAOI did better than 65% of them.
AAOI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 36.04, a Stop Loss order could be placed below this zone.
More info and screens
21.68
We found 4 important support areas.
- A support zone ranging from 35.51 to 36.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @33.00 from a horizontal line in the daily time frame.
- Support @23.14 from a trend line in the weekly time frame.
- Support @21.90 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @39.61 from a horizontal line in the weekly 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 | 78.55 | POSITIVE | AAOI has a high relative strength, it outperformed 78.55% 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 | 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) | 56.06 | NEUTRAL | The RSI value for AAOI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests AAOI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.37 | NEUTRAL | The Stochastics value for AAOI is a neutral value. |
| Average True Range in percent/ATR (20) | 9.57 | HIGH VOLATILITY | The high ATR as a percentage value for AAOI suggests high volalility. |
| Average Directional Index/ADX (14) | 21.53 | NEUTRAL | The ADX value for AAOI suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 39.62 | 35.50 | 4.12 (10.40%) | 9.62% |
| An entry @39.62. This is a Buy Stop order right above the resistance zone. | An exit @35.50. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.12 points, which is 10.40%. | When investing 9.62% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of AAOI. Please evaluate whether better entry and exit points can be found.
- 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.
37.04
+0.04 (+0.11%)
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 trend direction for 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 56.0584. This indicates that the stock is currently neutral.
Can you provide the MACD signal for APPLIED OPTOELECTRONICS INC?
The MACD indicator for APPLIED OPTOELECTRONICS INC (AAOI) has a value of -0.318832, indicating a bearish trend.
Can you provide the short term momentum for APPLIED OPTOELECTRONICS INC?
The short term momentum for APPLIED OPTOELECTRONICS INC (AAOI) is positive.