Overall SIMO gets a technical rating of 10 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, 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 94% of all stocks. On top of that, SIMO also shows a nice and consistent pattern of rising prices.
- SIMO is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 80% of 113 stocks in the same industry.
- SIMO is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month SIMO has a been trading in the 87.98 - 127.67 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, SIMO also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 113.71, a Stop Loss order could be placed below this zone.
More info and screens
85.71
When analyzing the support we can see 4 important areas.
- A support zone ranging from 111.74 to 113.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @93.18 from a trend line in the weekly time frame.
- Support @91.50 from a trend line in the daily time frame.
- Support @86.58 from a trend line in the daily 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 | 94.54 | POSITIVE | SIMO has a high relative strength, it outperformed 94.54% 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) | 65.11 | NEUTRAL | The RSI value for SIMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.72 | POSITIVE | The MACD value suggests SIMO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.53 | NEUTRAL | The Stochastics value for SIMO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.23 | HIGH VOLATILITY | The high ATR as a percentage value for SIMO suggests high volalility. |
| Average Directional Index/ADX (14) | 40.75 | POSITIVE | The high ADX value value for SIMO suggests a strong trend. |
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 |
|---|---|---|---|
| 127.68 | 111.73 | 15.95 (12.49%) | 8.01% |
| An entry @127.68. This is a Buy Stop order right above the 10 day high. | An exit @111.73. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 15.95 points, which is 12.49%. | When investing 8.01% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
115.27
-2.54 (-2.16%)
SILICON MOTION TECHNOL-ADR / SIMO 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.
What is the RSI signal for SILICON MOTION TECHNOL-ADR (SIMO) stock?
SILICON MOTION TECHNOL-ADR (SIMO) has an RSI value of 65.1121. This indicates that the stock is currently neutral.
What is the buy/sell signal for SIMO stock?
The buy/sell signal for SILICON MOTION TECHNOL-ADR (SIMO) is buy as both the short term and long term trends are positive.
What is the support and resistance level for SIMO stock?
SILICON MOTION TECHNOL-ADR (SIMO) has a support level at 113.71. Check the full technical report for our detailed analysis of SIMO support and resistance levels.