SANMINA CORP (SANM) Technical Analysis
NASDAQ:SANM • US8010561020
Current stock price
SANM Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to SANM. Although SANM has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- 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.
- Looking at the yearly performance, SANM did better than 88% of all other stocks. We also observe that the gains produced by SANM over the past year are nicely spread over this period.
- In the last month SANM has a been trading in the 118.10 - 153.81 range, which is quite wide. It is currently trading near the high of this range.
- SANM is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 62% of 124 stocks in the same industry.
- SANM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SANM is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
SANM Weekly and Daily overview Charts
SANM Setup Rating and Analysis
Although SANM has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
SANM Support and Resistance Analysis
121.77
When analyzing the support we notice one important area.
- A support zone ranging from 123.00 to 127.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @177.76 from a horizontal line in the daily time frame.
SANM Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for SANM is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SANM is up. |
| ChartMill Relative Strength | 88.62 | POSITIVE | SANM has a high relative strength, it outperformed 88.62% 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) | DOWN | MIXED | The current price of SANM is above a declining 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) | 66.46 | NEUTRAL | The RSI value for SANM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.21 | POSITIVE | The MACD value suggests SANM has a positive trend. |
| Stochastics (14,3) | 95.47 | OVERBOUGHT | The high Stochastics value suggests SANM may be overbought. |
| Average True Range in percent/ATR (20) | 4.51 | MEDIUM VOLATILITY | The ATR as a percentage value for SANM suggests some volalility. |
| Average Directional Index/ADX (14) | 19.93 | NEGATIVE | The low ADX value for SANM suggests a weak or negative trend. |
SANM Chart- and CandleStick Pattern Analysis
SANM Technicals: Chart, Performance Metrics, Trend & Indicators
153.5
+5.74 (+3.88%)
SANMINA CORP / SANM TA FAQ
What is the ChartMill technical rating of SANMINA CORP (SANM) stock?
ChartMill assigns a technical rating of 7 / 10 to SANM.
What is the current trend direction of SANMINA CORP (SANM) stock?
The current trend direction for SANMINA CORP (SANM) is Bearish.
Can you provide the RSI signal for SANMINA CORP?
SANMINA CORP (SANM) has an RSI value of 66.4624. This indicates that the stock is currently neutral.
What is the MACD signal for SANMINA CORP (SANM) stock?
The MACD indicator for SANMINA CORP (SANM) has a value of 3.21107, indicating a bullish trend.
What is the support and resistance level for SANM stock?
SANMINA CORP (SANM) has a support level at 127.31 and a resistance level at 177.76. Check the full technical report for our detailed analysis of SANM support and resistance levels.