SILICON MOTION TECHNOL-ADR (SIMO) Stock Technical Analysis
NASDAQ:SIMO - US82706C1080 - ADR
79.8 USD
+0.12 (+0.15%)
79.8 USD
0 (0%)
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 85% of all stocks. On top of that, SIMO also shows a nice and consistent pattern of rising prices.
SIMO is part of the Semiconductors & Semiconductor Equipment industry. There are 112 other stocks in this industry. SIMO outperforms 74% of them.
SIMO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SIMO is lagging the market slightly.
In the last month SIMO has a been trading in the 71.34 - 83.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although SIMO has an excellent technical rating, the quality of the presented setup is 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
72.07
80.61
3 important support areas can be observed.
- A support zone ranging from 76.58 to 77.59. 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 74.98 to 75.00. 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 72.80 to 73.66. 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.
- Resistance @79.81 from a horizontal line in the weekly 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 SIMO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SIMO is up. |
| ChartMill Relative Strength | 85.28 | POSITIVE | SIMO has a high relative strength, it outperformed 85.28% 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) | 59.01 | NEUTRAL | The RSI value for SIMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests SIMO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.67 | OVERBOUGHT | The high Stochastics value suggests SIMO may be overbought. |
| Average True Range in percent/ATR (20) | 3.5 | MEDIUM VOLATILITY | The ATR as a percentage value for SIMO suggests some volalility. |
| Average Directional Index/ADX (14) | 22.11 | NEUTRAL | The ADX value for SIMO suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 79.82 | 76.57 | 3.25 (4.07%) | 24.56% |
| An entry @79.82. This is a Buy Stop order right above the resistance zone. | An exit @76.57. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.25 points, which is 4.07%. | When investing 24.56% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of SIMO. Please evaluate whether better entry and exit points can be found.
- 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.
79.8
+0.12 (+0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg0.15%
1 Week2.73%
2 Weeks6.13%
1 Month4.3%
3 Month18.96%
6 Month51.25%
12 Month40.2%
2 Year55.71%
3 Year22.41%
5 Year111.22%
10 Year192.2%
15 Year1364.22%
Volatility
ATR(14)2.66
ATR(20)%3.5%
ATR Inc17.83%
Range Today2.74
ADR(20)2.71
ADR(20)%3.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.28
Mansfield2.43
10 Day High83
10 Day Low71.35
20 Day High83
20 Day Low71.35
52 Week High85.11
52 Week Low37.21
CS1 End77.59
CR1 Start79.81
Volume & EV
DER(3)0.7%
DER(5)0.88%
Volume228.30K
Volume Incr-21.51%
Vol(5)260.82K
Vol(50)310.07K