SILICON MOTION TECHNOL-ADR (SIMO) Stock Technical Analysis
NASDAQ:SIMO - Nasdaq - US82706C1080 - ADR - Currency: USD
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.
SIMO has an excellent technical rating and 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. There is a resistance zone just above the current price starting at 75.38. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 72.40, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SIMO in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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55.53
2 important support areas can be observed.
- A support zone ranging from 72.34 to 72.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @56.09 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 75.38 to 75.77. This zone is formed by a combination of multiple trend lines 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 | 89.54 | POSITIVE | SIMO has a high relative strength, it outperformed 89.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SIMO is below 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) | 56.11 | NEUTRAL | The RSI value for SIMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.56 | NEGATIVE | The MACD value suggests SIMO has a negative trend. |
| Stochastics (14,3) | 55.96 | NEUTRAL | The Stochastics value for SIMO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.15 | MEDIUM VOLATILITY | The ATR as a percentage value for SIMO suggests some volalility. |
| Average Directional Index/ADX (14) | 43.1 | 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 |
|---|---|---|---|
| 73.99 | 72.33 | 1.66 (2.25%) | 25.00% |
| An entry @73.99. This is a Buy Stop order right above the 10 day moving average. | An exit @72.33. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.66 points, which is 2.25%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.56%. |
- 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.
72.41
-1.06 (-1.44%)