SIMO Technical Analysis - SILICON MOTION TECHNOL-ADR

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to SIMO. Both in the recent history as in the last year, SIMO has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

SIMO is part of the Semiconductors & Semiconductor Equipment industry. There are 112 other stocks in this industry. SIMO outperforms 76% 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.

When comparing the yearly performance of all stocks, we notice that SIMO is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

In the last month SIMO has a been trading in the 85.08 - 104.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SILICON MOTION TECHNOL-ADR / SIMO Weekly stock chart

SILICON MOTION TECHNOL-ADR / SIMO Daily stock chart

Setup Rating and Analysis

Besides having an excellent technical rating, SIMO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

82.34

95.08

3 important support areas can be observed.

Support @87.75 from a trend line in the daily time frame.
A support zone ranging from 84.73 to 86.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @83.17 from a trend line in the daily time frame.

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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	92.08	POSITIVE	SIMO has a high relative strength, it outperformed 92.08% 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)	55.12	NEUTRAL	The RSI value for SIMO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.82	NEGATIVE	The MACD value suggests SIMO has a negative trend, although the MACD value is rising.
Stochastics (14,3)	40.2	NEUTRAL	The Stochastics value for SIMO is a neutral value.
Average True Range in percent/ATR (20)	4.81	MEDIUM VOLATILITY	The ATR as a percentage value for SIMO suggests some volalility.
Average Directional Index/ADX (14)	25.12	POSITIVE	The high ADX value value for SIMO suggests a strong trend.