ALPHA & OMEGA SEMICONDUCTOR (AOSL) Stock Technical Analysis
NASDAQ:AOSL - Nasdaq - BMG6331P1041 - Common Stock - Currency: USD
Taking everything into account, AOSL scores 6 out of 10 in our technical rating. In the past year, AOSL was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Although the technical rating is only medium, AOSL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 28.66. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 26.79, a Stop Loss order could be placed below this zone.
More info and screens
26.32
We found 1 important support area.
- A support zone ranging from 26.59 to 26.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 28.66 to 28.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 AOSL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AOSL is up. |
| ChartMill Relative Strength | 71.2 | POSITIVE | AOSL has a high relative strength, it outperformed 71.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AOSL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AOSL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AOSL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.99 | NEUTRAL | The RSI value for AOSL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests AOSL has a positive trend. |
| Stochastics (14,3) | 79.81 | NEUTRAL | The Stochastics value for AOSL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.51 | MEDIUM VOLATILITY | The ATR as a percentage value for AOSL suggests some volalility. |
| Average Directional Index/ADX (14) | 25.59 | POSITIVE | The high ADX value value for AOSL 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 |
|---|---|---|---|
| 28.67 | 26.58 | 2.09 (7.29%) | 13.72% |
| An entry @28.67. This is a Buy Stop order right above the resistance zone. | An exit @26.58. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.09 points, which is 7.29%. | When investing 13.72% 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 AOSL. 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.
28.65
+0.47 (+1.67%)