SANMINA CORP (SANM) Technical Analysis
NASDAQ:SANM • US8010561020
Current stock price
SANM Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to SANM. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- In the last month SANM has a been trading in the 118.10 - 165.91 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that SANM is one of the better performing stocks in the market, outperforming 83% of all stocks. However, SANM's most recent performance is quite weak.
- SANM is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 57% of 124 stocks in the same industry.
- SANM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SANM is lagging the market slightly.
SANM Weekly and Daily overview Charts
SANM Setup Rating and Analysis
SANM has a poor technical rating and the quality of the setup is also only medium 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
SANM Support and Resistance Analysis
71.65
2 important support areas can be observed.
- A support zone ranging from 122.85 to 122.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @72.37 from a trend line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 123.98 to 125.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @130.23 from a horizontal line in the daily time frame.
- Resistance @146.08 from a trend line in the daily time frame.
- Resistance @177.76 from a horizontal line in the daily time frame.
SANM 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 | DOWN | NEGATIVE | The long term trend for SANM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SANM is down. |
| ChartMill Relative Strength | 83.48 | POSITIVE | SANM has a high relative strength, it outperformed 83.48% 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 | MIXED | The current price of SANM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.69 | NEUTRAL | The RSI value for SANM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests SANM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.68 | NEUTRAL | The Stochastics value for SANM is a neutral value. |
| Average True Range in percent/ATR (20) | 6.98 | HIGH VOLATILITY | The high ATR as a percentage value for SANM suggests high volalility. |
| Average Directional Index/ADX (14) | 30.61 | POSITIVE | The high ADX value value for SANM suggests a strong trend. |
SANM Chart- and CandleStick Pattern Analysis
SANM Technicals: Chart, Performance Metrics, Trend & Indicators
122.86
-7.37 (-5.66%)
SANMINA CORP / SANM TA FAQ
What is the ChartMill technical rating of SANMINA CORP (SANM) stock?
ChartMill assigns a technical rating of 3 / 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 36.6902. 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 -0.152924, indicating a bearish trend.
Can you provide the short term momentum for SANMINA CORP?
The short term momentum for SANMINA CORP (SANM) is negative.