APPLIED OPTOELECTRONICS INC (AAOI) Stock Technical Analysis
USA - NASDAQ:AAOI - US03823U1025 - Common Stock
31.92 USD
+0.78 (+2.5%)
32.2989 USD
+0.38 (+1.19%)
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.
The long and short term trends are both positive. This is looking good!
AAOI is one of the better performing stocks in the Communications Equipment industry, it outperforms 78% of 48 stocks in the same industry.
AAOI has an average volume of 5306190 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 90% of all other stocks. However, this overall performance is mostly based on the strong move around 4 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.
In the last month AAOI has a been trading in the 24.79 - 35.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
AAOI has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 27.60, a Stop Loss order could be placed below this zone.
More info and screens
26.88
34.14
We found 2 important support areas.
- Support @27.60 from a trend line in the daily time frame.
- A support zone ranging from 27.15 to 27.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 33.30 to 33.80. This zone is formed by a combination of multiple trend lines 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 | 90.8 | POSITIVE | AAOI has a high relative strength, it outperformed 90.8% 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) | DOWN | MIXED | The current price of AAOI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.03 | NEUTRAL | The RSI value for AAOI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests AAOI has a positive trend. |
| Stochastics (14,3) | 68.26 | NEUTRAL | The Stochastics value for AAOI is a neutral value. |
| Average True Range in percent/ATR (20) | 9.39 | HIGH VOLATILITY | The high ATR as a percentage value for AAOI suggests high volalility. |
| Average Directional Index/ADX (14) | 24.39 | NEUTRAL | The ADX value for AAOI suggests a possible start of a new 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 |
|---|---|---|---|
| 33.81 | 27.59 | 6.22 (18.40%) | 5.44% |
| An entry @33.81. This is a Buy Stop order right above the resistance zone. | An exit @27.59. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 6.22 points, which is 18.40%. | When investing 5.44% 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.
31.92
+0.78 (+2.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg2.5%
1 Week17.57%
2 Weeks14.29%
1 Month10.11%
3 Month11.49%
6 Month199.44%
12 Month71.89%
2 Year329.61%
3 Year1060.73%
5 Year263.55%
10 Year54.8%
15 YearN/A
Volatility
ATR(14)3.42
ATR(20)%9.39%
ATR Inc-4.76%
Range Today3.61
ADR(20)2.92
ADR(20)%9.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.8
Mansfield1.77
10 Day High35.2
10 Day Low26.66
20 Day High35.2
20 Day Low24.79
52 Week High44.5
52 Week Low9.71
CS1 End27.6
CR1 Start33.3
Volume & EV
DER(3)1.56%
DER(5)0.82%
Volume4.67M
Volume Incr-8.79%
Vol(5)4.82M
Vol(50)5.31M