SANMINA CORP (SANM)
US8010561020 - Common Stock
We assign a technical rating of 6 out of 10 to SANM. In the last year, SANM was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When compared to the yearly performance of all other stocks, SANM outperforms 64% of them, which is more or less in line with the market.
SANM is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 61% of 127 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.
In the last month SANM has a been trading in the 57.52 - 65.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
SANM has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 60.09, a Stop Loss order could be placed below this zone.
More info and screens
48.24
66.48
4 important support areas can be observed.
- A support zone ranging from 58.83 to 60.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 57.50 to 57.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 50.00 to 50.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @48.73 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @61.90 from a trend line in the daily time frame.
- A resistance zone ranging from 64.91 to 65.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.15
Mansfield0.03
10 Day High65
10 Day Low57.52
20 Day High65
20 Day Low57.52
52 Week High69.69
52 Week Low43.41
Performance
1 Week-1.92%
2 Weeks6.87%
1 Month2.93%
3 Month1.01%
6 Month15.74%
12 Month17.3%
2 Year40.72%
3 Year46.66%
5 Year132.27%
10 Year203.49%
15 Year8850.72%
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)
Technical Indicators
MACD(12,26,9)0.25
RSI(14)54.66
LBB56.64
UBB64.52
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 |
|---|---|---|---|
| 61.91 | 58.82 | 3.09 (4.99%) | 20.04% |
| An entry @61.91. This is a Buy Stop order right above the resistance zone. | An exit @58.82. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.09 points, which is 4.99%. | For a 1.00% total portfolio risk, you can invest 20.04% of your capital in this trade. |
- 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.
SANMINA CORP
NASDAQ:SANM (5/3/2024, 7:17:07 PM)
After market: 61.76 0 (0%)61.76
+0.27 (+0.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg0.44%
1 Week-1.92%
2 Weeks6.87%
1 Month2.93%
3 Month1.01%
6 Month15.74%
12 Month17.3%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.04
ATR(20)%2.88%
ATR Inc
Range Today1.72
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High65
10 Day Low57.52
20 Day High65
20 Day Low57.52
52 Week High69.69
52 Week Low43.41
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume271.70K
Volume Incr81.31%
Vol(5)586.18K
Vol(50)391.59K