SILICON MOTION TECHNOL-ADR (SIMO) Stock Technical Analysis
NASDAQ:SIMO • US82706C1080
Overall SIMO gets a technical rating of 10 out of 10. 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.
- When comparing the yearly performance of all stocks, we notice that SIMO is one of the better performing stocks in the market, outperforming 95% of all stocks. We also observe that the gains produced by SIMO over the past year are nicely spread over this period.
- SIMO is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry. SIMO outperforms 78% 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.
- In the last month SIMO has a been trading in the 112.33 - 146.85 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. There is very little resistance above the current price. There is a support zone below the current price at 129.22, a Stop Loss order could be placed below this zone.
More info and screens
85.94
When analyzing the support we can see 4 important areas.
- A support zone ranging from 129.22 to 129.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @99.93 from a trend line in the weekly time frame.
- Support @90.50 from a trend line in the daily time frame.
- Support @86.81 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @143.02 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 | UP | POSITIVE | The short term trend for SIMO is up. |
| ChartMill Relative Strength | 95.58 | POSITIVE | SIMO has a high relative strength, it outperformed 95.58% 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) | 52.14 | NEUTRAL | The RSI value for SIMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.26 | NEGATIVE | The MACD value suggests SIMO has a negative trend. |
| Stochastics (14,3) | 39.66 | NEUTRAL | The Stochastics value for SIMO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.92 | HIGH VOLATILITY | The high ATR as a percentage value for SIMO suggests high volalility. |
| Average Directional Index/ADX (14) | 42.34 | 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 |
|---|---|---|---|
| 134.31 | 129.21 | 5.10 (3.79%) | 25.00% |
| An entry @134.31. This is a Buy Stop order right above the 10 day moving average. | An exit @129.21. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.10 points, which is 3.79%. | For a 0.95% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
129.23
-1.85 (-1.41%)
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 52.1445. 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 129.22 and a resistance level at 143.02. Check the full technical report for our detailed analysis of SIMO support and resistance levels.