AOSL Technical Analysis - ALPHA & OMEGA SEMICONDUCTOR

Technical Rating and Analysis

We assign a technical rating of 6 out of 10 to AOSL. AOSL has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.

73% of all other stocks performed better in the past year than AOSL.

AOSL is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 75% of 112 stocks in the same industry do better.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

In the last month AOSL has a been trading in the 25.63 - 31.94 range, which is quite wide. It is currently trading near the high of this range.

AOSL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AOSL is lagging the market.

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

ALPHA & OMEGA SEMICONDUCTOR / AOSL Weekly stock chart

ALPHA & OMEGA SEMICONDUCTOR / AOSL Daily stock chart

Setup Rating and Analysis

AOSL has an average technical rating and the quality of the presented setup is also not ideal 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

25.71

31.55

When analyzing the support we can see 2 important areas.

A support zone ranging from 27.61 to 28.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 25.97 to 26.28. This zone is formed by a combination of multiple trend lines in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 31.00 to 31.24. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	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	27.59	NEGATIVE	AOSL has a low relative strength, it was outperformed by 72.41% 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	MIXED	The current price of AOSL is above a declining SMA(200).
Relative Strength Index/RSI (14)	59.2	NEUTRAL	The RSI value for AOSL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.33	POSITIVE	The MACD value suggests AOSL has a positive trend.
Stochastics (14,3)	84.36	OVERBOUGHT	The high Stochastics value suggests AOSL may be overbought.
Average True Range in percent/ATR (20)	5.54	HIGH VOLATILITY	The high ATR as a percentage value for AOSL suggests high volalility.
Average Directional Index/ADX (14)	10.94	NEGATIVE	The low ADX value for AOSL suggests a weak or negative trend.