We assign a technical rating of 9 out of 10 to SANM. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
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
128.56
We found 3 important support areas.
- A support zone ranging from 142.86 to 144.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 133.87 to 135.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @129.86 from a trend line in the daily 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 | UP | POSITIVE | The long term trend for SANM is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SANM is down. |
| ChartMill Relative Strength | 94.57 | POSITIVE | SANM has a high relative strength, it outperformed 94.57% 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) | 47.86 | NEUTRAL | The RSI value for SANM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.32 | NEGATIVE | The MACD value suggests SANM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.14 | OVERSOLD | The low Stochastics value suggests SANM may be oversold. |
| Average True Range in percent/ATR (20) | 5.36 | HIGH VOLATILITY | The high ATR as a percentage value for SANM suggests high volalility. |
| Average Directional Index/ADX (14) | 16.24 | NEGATIVE | The low ADX value for SANM suggests a weak or negative trend. |
151.52
+6.53 (+4.5%)
SANMINA CORP / SANM FAQ
What is the ChartMill technical rating of SANMINA CORP (SANM) stock?
ChartMill assigns a technical rating of 9 / 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 47.8564. 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 -2.31637, indicating a bearish trend.
What is the short term momentum for SANMINA CORP (SANM) stock?
The short term momentum for SANMINA CORP (SANM) is negative.