SILK ROAD MEDICAL INC (SILK) Stock Technical Analysis
NASDAQ:SILK - Nasdaq - US82710M1009 - Common Stock - Currency: USD
Overall SILK gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SILK is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that SILK is one of the better performing stocks in the market, outperforming 90% of all stocks.
SILK is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 89% of 189 stocks in the same industry.
A new 52 week high is currently being made by SILK, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so SILK is leading the market.
SILK has an average volume of 1323600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month SILK has a been trading in a tight range between 27.00 and 27.51.
Volume is considerably higher in the last couple of days.
Although SILK has an excellent technical rating, it does not offer a high quality setup 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
26.10
28.01
When analyzing the support we notice one important area.
- A support zone ranging from 26.36 to 27.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 27.51 to 27.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 SILK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SILK is up. |
| ChartMill Relative Strength | 90.01 | POSITIVE | SILK has a high relative strength, it outperformed 90.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SILK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SILK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SILK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.05 | OVERBOUGHT | The high RSI value suggests SILK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests SILK has a positive trend. |
| Stochastics (14,3) | 92.81 | OVERBOUGHT | The high Stochastics value suggests SILK may be overbought. |
| Average True Range in percent/ATR (20) | 0.37 | LOW VOLATILITY | The low ATR as a percentage value for SILK suggests low volalility. |
| Average Directional Index/ADX (14) | 25.05 | POSITIVE | The high ADX value value for SILK suggests a strong 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)
27.49
-0.01 (-0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.04%
1 Week1.51%
2 Weeks1.4%
1 Month1.36%
3 Month1.93%
6 Month47.64%
12 Month74.98%
2 Year-38.91%
3 Year-50.05%
5 Year-15.49%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%0.37%
ATR Inc20%
Range Today0.02
ADR(20)0.09
ADR(20)%0.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.01
Mansfield3.8
10 Day High27.51
10 Day Low27
20 Day High27.51
20 Day Low27
52 Week High27.51
52 Week Low6.08
CS1 End27.21
CR1 Start27.51
Volume & EV
DER(3)-3.92%
DER(5)-0.46%
Volume2.31M
Volume Incr80.74%
Vol(5)2.02M
Vol(50)1.32M