SILICON MOTION TECHNOL-ADR (SIMO) Stock Technical Analysis
NASDAQ:SIMO - Nasdaq - US82706C1080 - ADR - Currency: USD
We assign a technical rating of 8 out of 10 to SIMO. 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.
Both the short term and long term trends are positive. This is a very positive sign.
SIMO is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 80% of 110 stocks in the same industry.
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.
Looking at the yearly performance, SIMO did better than 86% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month SIMO has a been trading in the 70.12 - 85.11 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, SIMO also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
55.53
78.20
We found 3 important support areas.
- Support @72.80 from a horizontal line in the weekly time frame.
- A support zone ranging from 71.17 to 71.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @56.09 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 74.75 to 77.43. This zone is formed by a combination of multiple trend lines and important moving averages 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 SIMO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SIMO is up. |
| ChartMill Relative Strength | 86.99 | POSITIVE | SIMO has a high relative strength, it outperformed 86.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SIMO is above a declining 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) | 52.18 | NEUTRAL | The RSI value for SIMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests SIMO has a negative trend. |
| Stochastics (14,3) | 29.55 | NEUTRAL | The Stochastics value for SIMO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.05 | MEDIUM VOLATILITY | The ATR as a percentage value for SIMO suggests some volalility. |
| Average Directional Index/ADX (14) | 26.67 | POSITIVE | The high ADX value value for SIMO 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)
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 |
|---|---|---|---|
| 77.44 | 72.79 | 4.65 (6.00%) | 16.65% |
| An entry @77.44. This is a Buy Stop order right above the resistance zone. | An exit @72.79. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.65 points, which is 6.00%. | When investing 16.65% 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.
74.5
-2.09 (-2.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-2.73%
1 Week-2.67%
2 Weeks0.89%
1 Month-0.44%
3 Month39.15%
6 Month41.1%
12 Month24.33%
2 Year37.18%
3 Year-3.38%
5 Year96.52%
10 Year194.47%
15 Year1442.44%
Volatility
ATR(14)3.38
ATR(20)%4.05%
ATR Inc13.21%
Range Today3.25
ADR(20)2.99
ADR(20)%4.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.99
Mansfield1.83
10 Day High85.11
10 Day Low72.58
20 Day High85.11
20 Day Low70.12
52 Week High85.11
52 Week Low37.21
CS1 End72.8
CR1 Start74.75
Volume & EV
DER(3)-0.37%
DER(5)0.77%
Volume245.41K
Volume Incr-3.93%
Vol(5)339.66K
Vol(50)360.82K