SHOULDER INNOVATIONS INC (SI) Technical Analysis
NYSE:SI • US82537J1088
Current stock price
SI Technical Rating and Analysis
Taking everything into account, SI scores 6 out of 10 in our technical rating. Although SI is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- When comparing the yearly performance of all stocks, SI is a bad performer in the overall market: 100% of all stocks are doing better.
- SI is part of the Health Care Equipment & Supplies industry. There are 184 other stocks in this industry, of which 91% are performing better than SI.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month SI has a been trading in the 12.20 - 15.76 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
SI Weekly and Daily overview Charts
SI Setup Rating and Analysis
SI has an average technical rating and the quality of the presented setup is also 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
SI Support and Resistance Analysis
12.57
When analyzing the support we can see 4 important areas.
- A support zone ranging from 13.64 to 13.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.34 from a trend line in the daily time frame.
- A support zone ranging from 13.00 to 13.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.70 from a trend line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @15.13 from a horizontal line in the weekly time frame.
- Resistance @15.71 from a horizontal line in the weekly time frame.
- Resistance @16.02 from a horizontal line in the daily time frame.
- Resistance @16.40 from a horizontal line in the daily time frame.
SI 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 | UP | POSITIVE | The long term trend for SI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SI is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | SI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SI is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 65.81 | NEUTRAL | The RSI value for SI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests SI has a positive trend. |
| Stochastics (14,3) | 77.78 | NEUTRAL | The Stochastics value for SI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.16 | HIGH VOLATILITY | The high ATR as a percentage value for SI suggests high volalility. |
| Average Directional Index/ADX (14) | 19.35 | NEGATIVE | The low ADX value for SI suggests a weak or negative trend. |
SI Chart- and CandleStick Pattern Analysis
SI Example Setup
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 |
|---|---|---|---|
| 15.14 | 13.63 | 1.51 (9.97%) | 10.03% |
| An entry @15.14. This is a Buy Stop order right above the resistance zone. | An exit @13.63. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.51 points, which is 9.97%. | For a 1.00% total portfolio risk, you can invest 10.03% of your capital in this trade. |
- 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.
SI Technicals: Chart, Performance Metrics, Trend & Indicators
15.12
-0.16 (-1.05%)
SHOULDER INNOVATIONS INC / SI TA FAQ
Can you provide the ChartMill technical rating for SHOULDER INNOVATIONS INC?
ChartMill assigns a technical rating of 6 / 10 to SI.
What is the trend direction for SI stock?
The current trend direction for SHOULDER INNOVATIONS INC (SI) is Bullish.
What is the RSI signal for SI stock?
SHOULDER INNOVATIONS INC (SI) has an RSI value of 65.8142. This indicates that the stock is currently neutral.
What is the short term momentum for SI stock?
The short term momentum for SHOULDER INNOVATIONS INC (SI) is positive.
What is the support and resistance level for SI stock?
SHOULDER INNOVATIONS INC (SI) has a support level at 13.94 and a resistance level at 15.13. Check the full technical report for our detailed analysis of SI support and resistance levels.