Taking everything into account, SITM scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SITM is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that SITM is one of the better performing stocks in the market, outperforming 91% of all stocks.
- SITM is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 70% of 113 stocks in the same industry.
- SITM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month SITM has a been trading in the 324.21 - 385.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, SITM 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 342.19, a Stop Loss order could be placed below this zone.
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273.63
When analyzing the support we can see 4 important areas.
- A support zone ranging from 333.02 to 342.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @305.42 from a trend line in the weekly time frame.
- Support @285.79 from a trend line in the daily time frame.
- Support @276.39 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @385.62 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 SITM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SITM is up. |
| ChartMill Relative Strength | 91.81 | POSITIVE | SITM has a high relative strength, it outperformed 91.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SITM is above the rising 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) | 55.48 | NEUTRAL | The RSI value for SITM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.55 | NEGATIVE | The MACD value suggests SITM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 65.23 | NEUTRAL | The Stochastics value for SITM is a neutral value. |
| Average True Range in percent/ATR (20) | 5.08 | HIGH VOLATILITY | The high ATR as a percentage value for SITM suggests high volalility. |
| Average Directional Index/ADX (14) | 18.66 | NEGATIVE | The low ADX value for SITM suggests a weak or negative 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 |
|---|---|---|---|
| 385.63 | 333.01 | 52.62 (13.65%) | 7.33% |
| An entry @385.63. This is a Buy Stop order right above the resistance zone. | An exit @333.01. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 52.62 points, which is 13.65%. | For a 1.00% total portfolio risk, you can invest 7.33% 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.
363.13
-8.31 (-2.24%)
SITIME CORP / SITM FAQ
What is the technical rating for SITM stock?
ChartMill assigns a technical rating of 10 / 10 to SITM.
What is the current trend direction of SITIME CORP (SITM) stock?
The current trend direction for SITIME CORP (SITM) is Bullish.
What is the RSI signal for SITM stock?
SITIME CORP (SITM) has an RSI value of 55.4845. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for SITIME CORP?
The buy/sell signal for SITIME CORP (SITM) is buy as both the short term and long term trends are positive.
What is the support and resistance level for SITM stock?
SITIME CORP (SITM) has a support level at 342.19 and a resistance level at 385.62. Check the full technical report for our detailed analysis of SITM support and resistance levels.