Overall SANM gets a technical rating of 10 out of 10. Both in the recent history as in the last year, SANM has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, SANM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 146.88, a Stop Loss order could be placed below this zone.
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127.19
When analyzing the support we can see 2 important areas.
- A support zone ranging from 144.44 to 146.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 128.47 to 129.60. 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 SANM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SANM is up. |
| ChartMill Relative Strength | 94.82 | POSITIVE | SANM has a high relative strength, it outperformed 94.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SANM is below 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) | 54.94 | NEUTRAL | The RSI value for SANM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.9 | NEGATIVE | The MACD value suggests SANM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.81 | NEUTRAL | The Stochastics value for SANM is a neutral value. |
| Average True Range in percent/ATR (20) | 6.34 | HIGH VOLATILITY | The high ATR as a percentage value for SANM suggests high volalility. |
| Average Directional Index/ADX (14) | 21.38 | NEUTRAL | The ADX value for SANM suggests a possible start of a new 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 |
|---|---|---|---|
| 164.54 | 144.43 | 20.11 (12.22%) | 8.18% |
| An entry @164.54. This is a Buy Stop order right above the 10 day high. | An exit @144.43. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 20.11 points, which is 12.22%. | When investing 8.18% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
156.165
+0.57 (+0.37%)
SANMINA CORP / SANM FAQ
What is the ChartMill technical rating of SANMINA CORP (SANM) stock?
ChartMill assigns a technical rating of 10 / 10 to SANM.
What is the trend direction for SANM stock?
The current trend direction for SANMINA CORP (SANM) is Bullish.
What is the RSI signal for SANMINA CORP (SANM) stock?
SANMINA CORP (SANM) has an RSI value of 54.9391. This indicates that the stock is currently neutral.
What is the MACD signal for SANM stock?
The MACD indicator for SANMINA CORP (SANM) has a value of -1.89605, indicating a bearish trend.
What is the short term momentum for SANMINA CORP (SANM) stock?
The short term momentum for SANMINA CORP (SANM) is positive.