SANMINA CORP (SANM) Stock Technical Analysis
NASDAQ:SANM - Nasdaq - US8010561020 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to SANM. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SANM is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, SANM did better than 86% of all other stocks. We also observe that the gains produced by SANM over the past year are nicely spread over this period.
SANM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SANM is lagging the market slightly.
SANM is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
SANM is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 66% of 125 stocks in the same industry.
Although SANM has an excellent technical rating, the quality of the presented setup is not ideal 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
65.79
105.97
We found 6 important support areas.
- A support zone ranging from 100.56 to 101.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @95.84 from a trend line in the daily time frame.
- A support zone ranging from 91.56 to 93.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @71.59 from a trend line in the weekly time frame.
- Support @68.92 from a trend line in the weekly time frame.
- Support @66.45 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 103.43 to 104.92. This zone is formed by a combination of multiple trend lines and important moving averages 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 SANM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SANM is up. |
| ChartMill Relative Strength | 86.94 | POSITIVE | SANM has a high relative strength, it outperformed 86.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SANM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SANM is above the rising 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) | 62.28 | NEUTRAL | The RSI value for SANM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.5 | NEGATIVE | The MACD value suggests SANM has a negative trend. |
| Stochastics (14,3) | 55.86 | NEUTRAL | The Stochastics value for SANM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.34 | MEDIUM VOLATILITY | The ATR as a percentage value for SANM suggests some volalility. |
| Average Directional Index/ADX (14) | 46.64 | POSITIVE | The high ADX value value for SANM suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
102
+0.69 (+0.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg0.68%
1 Week-2.78%
2 Weeks0.7%
1 Month13.52%
3 Month24.03%
6 Month21.41%
12 Month37.23%
2 Year65.96%
3 Year121.5%
5 Year243.67%
10 Year362.17%
15 Year711.46%
Volatility
ATR(14)2.59
ATR(20)%2.34%
ATR Inc27.76%
Range Today2.35
ADR(20)2.37
ADR(20)%2.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.94
Mansfield1.91
10 Day High107.03
10 Day Low100.77
20 Day High107.03
20 Day Low89.68
52 Week High107.03
52 Week Low61.52
CS1 End101.31
CR1 Start103.43
Volume & EV
DER(3)-3.16%
DER(5)-3.46%
Volume448.87K
Volume Incr34.88%
Vol(5)679.41K
Vol(50)496.29K