SILICON MOTION TECHNOL-ADR (SIMO) Technical Analysis
NASDAQ:SIMO • US82706C1080
Current stock price
SIMO Technical Rating and Analysis
Taking everything into account, SIMO scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SIMO 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 SIMO is one of the better performing stocks in the market, outperforming 96% of all stocks. We also observe that the gains produced by SIMO over the past year are nicely spread over this period.
- SIMO is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 75% of 115 stocks in the same industry.
- A new 52 week high is currently being made by SIMO, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month SIMO has a been trading in the 104.99 - 147.60 range, which is quite wide. It is currently trading near the high of this range.
SIMO Weekly and Daily overview Charts
SIMO Setup Rating and Analysis
Although SIMO 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
SIMO Support and Resistance Analysis
89.68
4 important support areas can be observed.
- A support zone ranging from 123.95 to 126.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @116.51 from a trend line in the weekly time frame.
- A support zone ranging from 110.39 to 110.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @90.59 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 142.01 to 143.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
SIMO 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 SIMO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SIMO is up. |
| ChartMill Relative Strength | 96.91 | POSITIVE | SIMO has a high relative strength, it outperformed 96.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SIMO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SIMO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SIMO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.88 | NEUTRAL | The RSI value for SIMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.19 | POSITIVE | The MACD value suggests SIMO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.96 | OVERBOUGHT | The high Stochastics value suggests SIMO may be overbought. |
| Average True Range in percent/ATR (20) | 4.63 | MEDIUM VOLATILITY | The ATR as a percentage value for SIMO suggests some volalility. |
| Average Directional Index/ADX (14) | 25.06 | POSITIVE | The high ADX value value for SIMO suggests a strong trend. |
SIMO Chart- and CandleStick Pattern Analysis
SIMO Technicals: Chart, Performance Metrics, Trend & Indicators
142
+0.05 (+0.04%)
SILICON MOTION TECHNOL-ADR / SIMO TA FAQ
Can you provide the ChartMill technical rating for SILICON MOTION TECHNOL-ADR?
ChartMill assigns a technical rating of 10 / 10 to SIMO.
What is the trend direction for SIMO stock?
The current trend direction for SILICON MOTION TECHNOL-ADR (SIMO) is Bullish.
Can you provide the RSI signal for SILICON MOTION TECHNOL-ADR?
SILICON MOTION TECHNOL-ADR (SIMO) has an RSI value of 67.8761. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SILICON MOTION TECHNOL-ADR?
The MACD indicator for SILICON MOTION TECHNOL-ADR (SIMO) has a value of 2.19072, indicating a bullish trend.
Can you provide the short term momentum for SILICON MOTION TECHNOL-ADR?
The short term momentum for SILICON MOTION TECHNOL-ADR (SIMO) is positive.