SANMINA CORP (SANM) Stock Technical Analysis
USA - NASDAQ:SANM - US8010561020 - Common Stock
134.96 USD
+1.19 (+0.89%)
136 USD
+1.04 (+0.77%)
We assign a technical rating of 10 out of 10 to SANM. Both in the recent history as in the last year, SANM has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that SANM is one of the better performing stocks in the market, outperforming 91% of all stocks. On top of that, SANM also shows a nice and consistent pattern of rising prices.
SANM is part of the Electronic Equipment, Instruments & Components industry. There are 123 other stocks in this industry. SANM outperforms 72% 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 111.52 - 160.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SANM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
72.28
136.31
3 important support areas can be observed.
- A support zone ranging from 127.22 to 131.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 120.39 to 121.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @73.01 from a trend line in the weekly 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 | 91.92 | POSITIVE | SANM has a high relative strength, it outperformed 91.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SANM is above 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) | 59.14 | NEUTRAL | The RSI value for SANM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests SANM has a positive trend. |
| Stochastics (14,3) | 56.27 | NEUTRAL | The Stochastics value for SANM is a neutral value. |
| Average True Range in percent/ATR (20) | 5.97 | HIGH VOLATILITY | The high ATR as a percentage value for SANM suggests high volalility. |
| Average Directional Index/ADX (14) | 24.11 | 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)
134.96
+1.19 (+0.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg0.89%
1 Week1.72%
2 Weeks7.66%
1 Month18.81%
3 Month21.62%
6 Month68.21%
12 Month89.15%
2 Year165.29%
3 Year140.78%
5 Year452.19%
10 Year552.9%
15 Year923.16%
Volatility
ATR(14)5.88
ATR(20)%5.97%
ATR Inc-57.64%
Range Today4.53
ADR(20)6.9
ADR(20)%5.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.92
3 months CRS82.98
6 months CRS90.18
Mansfield2.88
10 Day High137.66
10 Day Low121.91
20 Day High160.25
20 Day Low111.52
52 Week High160.25
52 Week Low63.67
CS1 End127.22
CR1 StartN/A
Volume & EV
DER(3)-1.94%
DER(5)-0.71%
Volume593.19K
Volume Incr-39.04%
Vol(5)561.80K
Vol(50)745.27K
SANMINA CORP / SANM FAQ
What is the ChartMill technical rating of SANMINA CORP (SANM) stock?
ChartMill assigns a technical rating of 10 / 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 59.1378. 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 0.339343, indicating a bearish trend.
What is the short term momentum for SANMINA CORP (SANM) stock?
The short term momentum for SANMINA CORP (SANM) is positive.