SITIME CORP (SITM) Stock Technical Analysis
NASDAQ:SITM - Nasdaq - US82982T1060 - Common Stock - Currency: USD
Taking everything into account, SITM scores 10 out of 10 in our technical rating. SITM has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, SITM did better than 95% of all other stocks. We also observe that the gains produced by SITM over the past year are nicely spread over this period.
SITM is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 91% of 110 stocks in the same industry.
SITM is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SITM is performing more or less in line with the market.
In the last month SITM has a been trading in the 187.00 - 227.71 range, which is quite wide. It is currently trading near the high of this range.
Although SITM has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
119.82
255.15
When analyzing the support we can see 3 important areas.
- A support zone ranging from 196.06 to 196.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @129.30 from a trend line in the weekly time frame.
- Support @121.03 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @220.65 from a horizontal line in the daily time frame.
- Resistance @252.62 from a horizontal line in the weekly 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 | 95.07 | POSITIVE | SITM has a high relative strength, it outperformed 95.07% 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) | 68.98 | NEUTRAL | The RSI value for SITM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests SITM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 72.37 | NEUTRAL | The Stochastics value for SITM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.07 | MEDIUM VOLATILITY | The ATR as a percentage value for SITM suggests some volalility. |
| Average Directional Index/ADX (14) | 28.2 | POSITIVE | The high ADX value value for SITM suggests a strong 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 |
|---|---|---|---|
| 220.66 | 198.19 | 22.47 (10.18%) | 9.82% |
| An entry @220.66. This is a Buy Stop order right above the resistance zone. | An exit @198.19. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 22.47 points, which is 10.18%. | For a 1.00% total portfolio risk, you can invest 9.82% 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.
220.64
+2.16 (+0.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg0.99%
1 Week2.5%
2 Weeks7.37%
1 Month7.16%
3 Month23.77%
6 Month1.84%
12 Month86.04%
2 Year87.03%
3 Year35.34%
5 Year365.39%
10 YearN/A
15 YearN/A
Volatility
ATR(14)9.15
ATR(20)%4.07%
ATR Inc-1.63%
Range Today6.07
ADR(20)8.23
ADR(20)%3.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.07
Mansfield1.92
10 Day High227.71
10 Day Low198.2
20 Day High227.71
20 Day Low187
52 Week High268.18
52 Week Low105.4
CS1 End196.06
CR1 Start220.65
Volume & EV
DER(3)-2.1%
DER(5)-1.27%
Volume179.40K
Volume Incr12.52%
Vol(5)267.68K
Vol(50)272.49K