SHOULDER INNOVATIONS INC (SI) Technical Analysis
NYSE:SI • US82537J1088
Taking everything into account, SI scores 4 out of 10 in our technical rating. SI was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
- 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.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- In the last month SI has a been trading in the 12.11 - 14.92 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 has an average technical rating and also the quality of the setup is only medium 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
12.51
We found 2 important support areas.
- A support zone ranging from 13.00 to 13.44. 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 12.64 to 12.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @15.45 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.
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 | NEUTRAL | NEUTRAL | The short term trend for SI is neutral. |
| 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) | DOWN | MIXED | The current price of SI is above a declining SMA(50). |
| Relative Strength Index/RSI (14) | 63.08 | NEUTRAL | The RSI value for SI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests SI has a positive trend. |
| Stochastics (14,3) | 66.9 | NEUTRAL | The Stochastics value for SI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.5 | HIGH VOLATILITY | The high ATR as a percentage value for SI suggests high volalility. |
| Average Directional Index/ADX (14) | 13.61 | NEGATIVE | The low ADX value for SI suggests a weak or negative trend. |
SI Technicals: Chart, Performance Metrics, Trend & Indicators
14.82
+0.2 (+1.37%)
SHOULDER INNOVATIONS INC / SI FAQ
Can you provide the ChartMill technical rating for SHOULDER INNOVATIONS INC?
ChartMill assigns a technical rating of 4 / 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 63.0767. 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 neutral.
What is the support and resistance level for SI stock?
SHOULDER INNOVATIONS INC (SI) has a support level at 13.44 and a resistance level at 15.45. Check the full technical report for our detailed analysis of SI support and resistance levels.