We assign a technical rating of 3 out of 10 to DIOD. Recently some decent action could be observed, but in the medium term time frame this is still negative. DIOD was also a bad performer in the overall market in the last year.
Although the technical rating is bad, DIOD does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 50.18, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
43.15
We found 3 important support areas.
- A support zone ranging from 49.98 to 50.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @46.69 from a trend line in the weekly time frame.
- A support zone ranging from 43.59 to 44.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 50.39 to 51.17. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 52.78 to 53.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @55.53 from a trend line in the weekly time frame.
- A resistance zone ranging from 57.47 to 57.76. 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 DIOD is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DIOD is up. |
| ChartMill Relative Strength | 19.71 | NEGATIVE | DIOD has a low relative strength, it was outperformed by 80.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DIOD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DIOD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DIOD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.55 | NEUTRAL | The RSI value for DIOD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests DIOD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 29.47 | NEUTRAL | The Stochastics value for DIOD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.39 | MEDIUM VOLATILITY | The ATR as a percentage value for DIOD suggests some volalility. |
| Average Directional Index/ADX (14) | 18.28 | NEGATIVE | The low ADX value for DIOD suggests a weak or negative trend. |
50.24
+0.11 (+0.22%)
DIODES INC / DIOD FAQ
Can you provide the ChartMill technical rating for DIODES INC?
ChartMill assigns a technical rating of 3 / 10 to DIOD.
What is the current trend direction of DIODES INC (DIOD) stock?
The current trend direction for DIODES INC (DIOD) is Bearish.
What is the RSI signal for DIOD stock?
DIODES INC (DIOD) has an RSI value of 51.5465. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for DIODES INC?
DIODES INC (DIOD) has a support level at 50.18 and a resistance level at 50.39. Check the full technical report for our detailed analysis of DIOD support and resistance levels.