SANMINA CORP (SANM) Stock Technical Analysis
NASDAQ:SANM - US8010561020 - Common Stock
117.76 USD
-2.06 (-1.72%)
117.76 USD
0 (0%)
Taking everything into account, SANM scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SANM is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, SANM did better than 92% of all other stocks. We also observe that the gains produced by SANM over the past year are nicely spread over this period.
SANM is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry. SANM outperforms 74% 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.
In the last month SANM has a been trading in the 108.36 - 125.76 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Considerably lower volume is observed in the last couple of days.
SANM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately.
More info and screens
68.93
125.08
We found 3 important support areas.
- A support zone ranging from 107.95 to 110.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @73.47 from a trend line in the weekly time frame.
- Support @69.63 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @123.84 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 | UP | POSITIVE | The short term trend for SANM is up. |
| ChartMill Relative Strength | 92.86 | POSITIVE | SANM has a high relative strength, it outperformed 92.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SANM is above a declining 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) | 54.61 | NEUTRAL | The RSI value for SANM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests SANM has a negative trend. |
| Stochastics (14,3) | 76.79 | NEUTRAL | The Stochastics value for SANM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.97 | MEDIUM VOLATILITY | The ATR as a percentage value for SANM suggests some volalility. |
| Average Directional Index/ADX (14) | 21.04 | NEUTRAL | The ADX value for SANM suggests a possible start of a new 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 |
|---|---|---|---|
| 118.11 | 113.94 | 4.17 (3.53%) | 25.00% |
| An entry @118.11. This is a Buy Stop order right above the 10 day moving average. | An exit @113.94. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.17 points, which is 3.53%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.88%. |
- 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.
117.76
-2.06 (-1.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-1.72%
1 Week0.57%
2 Weeks2.01%
1 Month-1.17%
3 Month36.41%
6 Month55.71%
12 Month75.55%
2 Year116.95%
3 Year155.56%
5 Year335.34%
10 Year451.05%
15 Year874.83%
Volatility
ATR(14)3.35
ATR(20)%2.97%
ATR Inc0.85%
Range Today2.72
ADR(20)3.27
ADR(20)%2.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.86
Mansfield2.57
10 Day High122.87
10 Day Low113.95
20 Day High125.76
20 Day Low108.37
52 Week High125.76
52 Week Low63.67
CS1 End110.86
CR1 Start123.84
Volume & EV
DER(3)-2.61%
DER(5)-1.13%
Volume590.20K
Volume Incr-33.49%
Vol(5)447.37K
Vol(50)716.50K