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.
Although SITM has an excellent technical rating, it does not present a decent entry opportunity 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
261.38
3 important support areas can be observed.
- A support zone ranging from 297.43 to 304.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @278.82 from a trend line in the weekly time frame.
- Support @264.02 from a trend 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 | 92.31 | POSITIVE | SITM has a high relative strength, it outperformed 92.31% 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) | 71.7 | OVERBOUGHT | The high RSI value suggests SITM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 9.54 | POSITIVE | The MACD value suggests SITM has a positive trend. |
| Stochastics (14,3) | 95.85 | OVERBOUGHT | The high Stochastics value suggests SITM may be overbought. |
| Average True Range in percent/ATR (20) | 5.56 | HIGH VOLATILITY | The high ATR as a percentage value for SITM suggests high volalility. |
| Average Directional Index/ADX (14) | 23.86 | NEUTRAL | The ADX value for SITM suggests a possible start of a new trend. |
376.36
+9.87 (+2.69%)
SITIME CORP / SITM FAQ
What is the ChartMill technical rating of SITIME CORP (SITM) stock?
ChartMill assigns a technical rating of 10 / 10 to SITM.
Can you provide the trend direction for SITIME CORP?
The current trend direction for SITIME CORP (SITM) is Bullish.
What is the RSI signal for SITIME CORP (SITM) stock?
SITIME CORP (SITM) has an RSI value of 71.6989. This indicates that the stock is currently overbought.
What is the buy/sell signal for SITM stock?
The buy/sell signal for SITIME CORP (SITM) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for SITIME CORP (SITM) stock?
SITIME CORP (SITM) has a support level at 304.72. Check the full technical report for our detailed analysis of SITM support and resistance levels.