Overall DIOD 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, DIOD is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- DIOD is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month DIOD has a been trading in the 53.96 - 62.67 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that DIOD is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- DIOD is part of the Semiconductors & Semiconductor Equipment industry. There are 113 other stocks in this industry, DIOD did better than 47% of them.
Besides having an excellent technical rating, DIOD also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 61.71. Right above this resistance zone may be a good entry point.
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48.62
3 important support areas can be observed.
- A support zone ranging from 58.37 to 58.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 55.54 to 56.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @49.11 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 61.71 to 61.71. 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 | UP | POSITIVE | The long term trend for DIOD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DIOD is up. |
| ChartMill Relative Strength | 84.41 | POSITIVE | DIOD has a high relative strength, it outperformed 84.41% 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) | UP | POSITIVE | The current price of DIOD is above the rising 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) | 66.48 | NEUTRAL | The RSI value for DIOD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests DIOD has a positive trend. |
| Stochastics (14,3) | 87.5 | OVERBOUGHT | The high Stochastics value suggests DIOD may be overbought. |
| Average True Range in percent/ATR (20) | 4.05 | MEDIUM VOLATILITY | The ATR as a percentage value for DIOD suggests some volalility. |
| Average Directional Index/ADX (14) | 28.41 | POSITIVE | The high ADX value value for DIOD 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 |
|---|---|---|---|
| 61.72 | 58.36 | 3.36 (5.44%) | 18.37% |
| An entry @61.72. This is a Buy Stop order right above the resistance zone. | An exit @58.36. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.36 points, which is 5.44%. | When investing 18.37% 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 DIOD. 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.
61.7
+0.59 (+0.97%)
DIODES INC / DIOD FAQ
Can you provide the ChartMill technical rating for DIODES INC?
ChartMill assigns a technical rating of 9 / 10 to DIOD.
What is the trend direction for DIOD stock?
The current trend direction for DIODES INC (DIOD) is Bullish.
What is the RSI signal for DIOD stock?
DIODES INC (DIOD) has an RSI value of 66.4761. This indicates that the stock is currently neutral.
What is the MACD signal for DIOD stock?
The MACD indicator for DIODES INC (DIOD) has a value of 0.0549387, indicating a bearish trend.
What is the buy/sell signal for DIOD stock?
The buy/sell signal for DIODES INC (DIOD) is buy as both the short term and long term trends are positive.