SITIME CORP (SITM) Stock Technical Analysis
NASDAQ:SITM - Nasdaq - US82982T1060 - Common Stock - Currency: USD
Overall SITM gets a technical rating of 8 out of 10. In the last year, SITM was one of the better performers, but we do observe some doubts in the very recent evolution.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that SITM is one of the better performing stocks in the market, outperforming 92% of all stocks.
SITM is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 84% of 110 stocks in the same industry.
SITM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SITM is lagging the market.
In the last month SITM has a been trading in the 198.96 - 243.35 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, SITM 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. There is a support zone below the current price at 208.36, a Stop Loss order could be placed below this zone.
More info and screens
120.46
244.03
We found 3 important support areas.
- A support zone ranging from 201.41 to 208.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @132.97 from a trend line in the weekly time frame.
- Support @121.68 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @224.70 from a trend line in the weekly time frame.
- Resistance @228.31 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 238.94 to 241.61. This zone is formed by a combination of multiple trend lines 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 SITM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SITM is neutral. |
| ChartMill Relative Strength | 92.62 | POSITIVE | SITM has a high relative strength, it outperformed 92.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SITM is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SITM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SITM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.75 | NEUTRAL | The RSI value for SITM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.72 | NEGATIVE | The MACD value suggests SITM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.97 | NEUTRAL | The Stochastics value for SITM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.69 | MEDIUM VOLATILITY | The ATR as a percentage value for SITM suggests some volalility. |
| Average Directional Index/ADX (14) | 11.96 | NEGATIVE | The low ADX value for SITM suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 224.71 | 201.40 | 23.31 (10.37%) | 9.64% |
| An entry @224.71. This is a Buy Stop order right above the resistance zone. | An exit @201.40. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 23.31 points, which is 10.37%. | When investing 9.64% 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.
215.4
+6.18 (+2.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg2.95%
1 Week4.36%
2 Weeks1.2%
1 Month-5.6%
3 Month66.37%
6 Month-14.17%
12 Month48.36%
2 Year66.96%
3 Year15.82%
5 Year305.27%
10 YearN/A
15 YearN/A
Volatility
ATR(14)7.98
ATR(20)%4.69%
ATR Inc-10.75%
Range Today7.04
ADR(20)9.33
ADR(20)%4.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.62
Mansfield0.83
10 Day High216.04
10 Day Low198.96
20 Day High243.36
20 Day Low198.96
52 Week High268.18
52 Week Low105.4
CS1 End208.36
CR1 Start224.7
Volume & EV
DER(3)-0.06%
DER(5)-1.75%
Volume267.90K
Volume Incr-49.73%
Vol(5)222.60K
Vol(50)333.38K