AEHR Technical Analysis - AEHR TEST SYSTEMS

Technical Rating and Analysis

Overall AEHR gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AEHR is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

AEHR is part of the Semiconductors & Semiconductor Equipment industry. There are 112 other stocks in this industry. AEHR outperforms 95% of them.

AEHR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month AEHR has a been trading in the 17.33 - 31.65 range, which is quite wide. It is currently trading near the high of this range.

AEHR has an average volume of 1692620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, AEHR did better than 97% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

AEHR TEST SYSTEMS / AEHR Weekly stock chart

AEHR TEST SYSTEMS / AEHR Daily stock chart

Setup Rating and Analysis

Although AEHR has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

18.07

30.40

2 important support areas can be observed.

A support zone ranging from 20.50 to 20.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @18.25 from a trend line in the daily time frame.

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Technical Indicator Signal Analysis

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 AEHR is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for AEHR is up.
ChartMill Relative Strength	97.71	POSITIVE	AEHR has a high relative strength, it outperformed 97.71% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of AEHR is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of AEHR is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of AEHR is above the rising SMA(200).
Relative Strength Index/RSI (14)	68.32	NEUTRAL	The RSI value for AEHR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.21	POSITIVE	The MACD value suggests AEHR has a positive trend, although the MACD value is declining.
Stochastics (14,3)	84.62	OVERBOUGHT	The high Stochastics value suggests AEHR may be overbought.
Average True Range in percent/ATR (20)	8.01	HIGH VOLATILITY	The high ATR as a percentage value for AEHR suggests high volalility.
Average Directional Index/ADX (14)	35.03	POSITIVE	The high ADX value value for AEHR suggests a strong trend.