DIODES INC (DIOD) Stock Technical Analysis
USA - NASDAQ:DIOD - US2545431015 - Common Stock
Taking everything into account, DIOD scores 6 out of 10 in our technical rating. DIOD 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.
Although the technical rating is only medium, DIOD does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 57.48. Right above this resistance zone may be a good entry point.
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46.70
When analyzing the support we can see 3 important areas.
- A support zone ranging from 55.79 to 57.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @49.53 from a trend line in the daily time frame.
- Support @47.17 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 57.48 to 58.39. 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 | 37.99 | NEUTRAL | DIOD is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of DIOD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of DIOD is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.92 | NEUTRAL | The RSI value for DIOD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.53 | POSITIVE | The MACD value suggests DIOD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.71 | OVERBOUGHT | The high Stochastics value suggests DIOD may be overbought. |
| Average True Range in percent/ATR (20) | 4.51 | MEDIUM VOLATILITY | The ATR as a percentage value for DIOD suggests some volalility. |
| Average Directional Index/ADX (14) | 18.64 | NEGATIVE | The low ADX value for DIOD suggests a weak or negative trend. |
57.05
-0.8 (-1.38%)
DIODES INC / DIOD FAQ
Can you provide the ChartMill technical rating for DIODES INC?
ChartMill assigns a technical rating of 6 / 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 56.9185. 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 57.04 and a resistance level at 57.48. Check the full technical report for our detailed analysis of DIOD support and resistance levels.