APPLIED OPTOELECTRONICS INC (AAOI) Stock Technical Analysis
NASDAQ:AAOI • US03823U1025
We assign a technical rating of 9 out of 10 to AAOI. 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 part of the Communications Equipment industry. There are 48 other stocks in this industry. AAOI outperforms 82% of them.
- 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.
- AAOI has an average volume of 5230570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that AAOI is one of the better performing stocks in the market, outperforming 96% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- In the last month AAOI has a been trading in the 34.54 - 50.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, AAOI also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for AAOI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
24.18
When analyzing the support we can see 4 important areas.
- Support @39.55 from a trend line in the daily time frame.
- Support @38.12 from a horizontal line in the daily time frame.
- A support zone ranging from 36.53 to 37.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.42 from a trend 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 | 96.5 | POSITIVE | AAOI has a high relative strength, it outperformed 96.5% 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) | 54.75 | NEUTRAL | The RSI value for AAOI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests AAOI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.67 | NEUTRAL | The Stochastics value for AAOI is a neutral value. |
| Average True Range in percent/ATR (20) | 12 | HIGH VOLATILITY | The high ATR as a percentage value for AAOI suggests high volalility. |
| Average Directional Index/ADX (14) | 29.28 | POSITIVE | The high ADX value value for AAOI suggests a strong 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 |
|---|---|---|---|
| 50.81 | 39.54 | 11.27 (22.18%) | 4.51% |
| An entry @50.81. This is a Buy Stop order right above the 10 day high. | An exit @39.54. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 11.27 points, which is 22.18%. | For a 1.00% total portfolio risk, you can invest 4.51% of your capital in this trade. |
- 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.
43.99
-4.41 (-9.11%)
APPLIED OPTOELECTRONICS INC / AAOI FAQ
Can you provide the ChartMill technical rating for APPLIED OPTOELECTRONICS INC?
ChartMill assigns a technical rating of 9 / 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 54.7478. 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 0.35024, 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.