SILK ROAD MEDICAL INC (SILK) Stock Technical Analysis
USA - NASDAQ:SILK - US82710M1009 - Common Stock
Taking everything into account, SILK scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, SILK has proven to be a steady performer, scoring decent points in every aspect analyzed.
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.
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26.10
We found 1 important support 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.
When analyzing the resistance we notice one important 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. |
27.49
-0.01 (-0.04%)
SILK ROAD MEDICAL INC / SILK FAQ
What is the technical rating for SILK stock?
ChartMill assigns a technical rating of 9 / 10 to SILK.
What is the trend direction for SILK stock?
The current trend direction for SILK ROAD MEDICAL INC (SILK) is Bullish.
What is the RSI signal for SILK stock?
SILK ROAD MEDICAL INC (SILK) has an RSI value of 72.0455. This indicates that the stock is currently overbought.
What is the short term momentum for SILK ROAD MEDICAL INC (SILK) stock?
The short term momentum for SILK ROAD MEDICAL INC (SILK) is positive.
Can you provide the buy/sell signal for SILK ROAD MEDICAL INC?
The buy/sell signal for SILK ROAD MEDICAL INC (SILK) is buy as both the short term and long term trends are positive.