MPWR Technical Analysis - MONOLITHIC POWER SYSTEMS INC

Technical Rating and Analysis

Overall MPWR gets a technical rating of 8 out of 10. Although MPWR is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

The long and short term trends are both positive. This is looking good!

MPWR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month MPWR has a been trading in the 800.97 - 924.40 range, which is quite wide. It is currently trading near the high of this range.

Looking at the yearly performance, MPWR did better than 75% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

MPWR is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 56% of 112 stocks in the same industry.

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

MONOLITHIC POWER SYSTEMS INC / MPWR Weekly stock chart

MONOLITHIC POWER SYSTEMS INC / MPWR Daily stock chart

Setup Rating and Analysis

Although MPWR has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

495.26

925.52

3 important support areas can be observed.

A support zone ranging from 854.62 to 867.04. 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 820.73 to 834.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @500.26 from a trend line in the weekly time frame.

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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	UP	POSITIVE	The long term trend for MPWR is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for MPWR is up.
ChartMill Relative Strength	75.86	POSITIVE	MPWR has a high relative strength, it outperformed 75.86% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of MPWR is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of MPWR is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of MPWR is above the rising SMA(200).
Relative Strength Index/RSI (14)	69.17	NEUTRAL	The RSI value for MPWR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	3.87	POSITIVE	The MACD value suggests MPWR has a positive trend.
Stochastics (14,3)	93.33	OVERBOUGHT	The high Stochastics value suggests MPWR may be overbought.
Average True Range in percent/ATR (20)	2.9	MEDIUM VOLATILITY	The ATR as a percentage value for MPWR suggests some volalility.
Average Directional Index/ADX (14)	26.48	POSITIVE	The high ADX value value for MPWR suggests a strong trend.