SANMINA CORP (SANM) Stock Technical Analysis
USA - NASDAQ:SANM - US8010561020 - Common Stock
113.59 USD
-0.52 (-0.46%)
113.59 USD
0 (0%)
We assign a technical rating of 7 out of 10 to SANM. In the last year, SANM was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month SANM has a been trading in the 110.44 - 123.00 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 89% of all stocks.
SANM is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry. SANM outperforms 71% of them.
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.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
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 a support zone below the current price at 113.58, a Stop Loss order could be placed below this zone.
More info and screens
69.23
125.08
3 important support areas can be observed.
- A support zone ranging from 113.14 to 113.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @74.27 from a trend line in the weekly time frame.
- Support @69.93 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 114.92 to 117.41. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 120.76 to 121.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 123.84 to 123.84. This zone is formed by a combination of multiple trend lines 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 | 89.56 | POSITIVE | SANM has a high relative strength, it outperformed 89.56% 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) | UP | MIXED | The current price of SANM is below 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) | 44.89 | NEUTRAL | The RSI value for SANM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.88 | NEGATIVE | The MACD value suggests SANM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.27 | NEUTRAL | The Stochastics value for SANM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.95 | MEDIUM VOLATILITY | The ATR as a percentage value for SANM suggests some volalility. |
| Average Directional Index/ADX (14) | 16.18 | NEGATIVE | The low ADX value for SANM suggests a weak or negative 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)
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 |
|---|---|---|---|
| 117.42 | 113.13 | 4.29 (3.65%) | 25.00% |
| An entry @117.42. This is a Buy Stop order right above the resistance zone. | An exit @113.13. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.29 points, which is 3.65%. | For a 0.91% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SANM. Please evaluate whether better entry and exit points can be found.
- 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.
113.59
-0.52 (-0.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-0.46%
1 Week-3.53%
2 Weeks-4.71%
1 Month-3.34%
3 Month10.99%
6 Month68.78%
12 Month68.83%
2 Year109.27%
3 Year146.51%
5 Year319.93%
10 Year431.54%
15 Year840.32%
Volatility
ATR(14)3.33
ATR(20)%2.95%
ATR Inc-25.4%
Range Today2.99
ADR(20)3.27
ADR(20)%2.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.56
Mansfield1.63
10 Day High120.44
10 Day Low110.44
20 Day High123
20 Day Low110.44
52 Week High125.76
52 Week Low63.67
CS1 End113.58
CR1 Start114.92
Volume & EV
DER(3)-1.8%
DER(5)-2.07%
Volume460.30K
Volume Incr-17.82%
Vol(5)550.64K
Vol(50)764.03K