Overall SIMO gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
SIMO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 82.10, a Stop Loss order could be placed below this zone.
More info and screens
79.36
We found 1 important support area.
- A support zone ranging from 80.16 to 82.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @88.96 from a horizontal line in the daily time frame.
- Resistance @102.07 from a horizontal 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 | NEUTRAL | NEUTRAL | The short term trend for SIMO is neutral. |
| ChartMill Relative Strength | 90.43 | POSITIVE | SIMO has a high relative strength, it outperformed 90.43% 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) | DOWN | NEGATIVE | The current price of SIMO is below a declining 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) | 48.81 | NEUTRAL | The RSI value for SIMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests SIMO has a positive trend. |
| Stochastics (14,3) | 56.73 | NEUTRAL | The Stochastics value for SIMO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.97 | MEDIUM VOLATILITY | The ATR as a percentage value for SIMO suggests some volalility. |
| Average Directional Index/ADX (14) | 24.79 | NEUTRAL | The ADX value for SIMO suggests a possible start of a new 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 |
|---|---|---|---|
| 88.97 | 79.75 | 9.22 (10.36%) | 9.65% |
| An entry @88.97. This is a Buy Stop order right above the resistance zone. | An exit @79.75. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 9.22 points, which is 10.36%. | For a 1.00% total portfolio risk, you can invest 9.65% of your capital in this trade. |
- 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.
88.63
-0.08 (-0.09%)
SILICON MOTION TECHNOL-ADR / SIMO FAQ
Can you provide the ChartMill technical rating for SILICON MOTION TECHNOL-ADR?
ChartMill assigns a technical rating of 7 / 10 to SIMO.
Can you provide the trend direction for SILICON MOTION TECHNOL-ADR?
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 48.806. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SILICON MOTION TECHNOL-ADR?
The short term momentum for SILICON MOTION TECHNOL-ADR (SIMO) is neutral.
Can you provide the support and resistance levels for SILICON MOTION TECHNOL-ADR?
SILICON MOTION TECHNOL-ADR (SIMO) has a support level at 82.1 and a resistance level at 88.96. Check the full technical report for our detailed analysis of SIMO support and resistance levels.