Overall SANM gets a technical rating of 4 out of 10. Although SANM is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month SANM has a been trading in the 137.01 - 185.29 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- Looking at the yearly performance, SANM did better than 90% of all other stocks. On top of that, SANM also shows a nice and consistent pattern of rising prices.
- SANM is part of the Electronic Equipment, Instruments & Components industry. There are 123 other stocks in this industry. SANM outperforms 79% of them.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- SANM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SANM is lagging the market.
SANM has an average technical rating and it also does not offer a high quality setup 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.
More info and screens
70.94
3 important support areas can be observed.
- A support zone ranging from 141.67 to 141.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @75.48 from a trend line in the weekly time frame.
- Support @71.66 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @177.76 from a horizontal line in the daily time frame.
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 SANM is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SANM is down. |
| ChartMill Relative Strength | 90.25 | POSITIVE | SANM has a high relative strength, it outperformed 90.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SANM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SANM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SANM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.15 | NEUTRAL | The RSI value for SANM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.25 | NEGATIVE | The MACD value suggests SANM has a negative trend. |
| Stochastics (14,3) | 21 | NEUTRAL | The Stochastics value for SANM is a neutral value. |
| Average True Range in percent/ATR (20) | 8.04 | HIGH VOLATILITY | The high ATR as a percentage value for SANM suggests high volalility. |
| Average Directional Index/ADX (14) | 26.43 | POSITIVE | The high ADX value value for SANM suggests a strong trend. |
141.68
-12.75 (-8.26%)
SANMINA CORP / SANM FAQ
What is the ChartMill technical rating of SANMINA CORP (SANM) stock?
ChartMill assigns a technical rating of 4 / 10 to SANM.
What is the current trend direction of SANMINA CORP (SANM) stock?
The current trend direction for SANMINA CORP (SANM) is Bearish.
What is the RSI signal for SANMINA CORP (SANM) stock?
SANMINA CORP (SANM) has an RSI value of 39.146. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SANMINA CORP?
The MACD indicator for SANMINA CORP (SANM) has a value of -3.24743, indicating a bearish trend.
Can you provide the short term momentum for SANMINA CORP?
The short term momentum for SANMINA CORP (SANM) is negative.