SITIME CORP (SITM) Stock Technical Analysis
NASDAQ:SITM - Nasdaq - US82982T1060 - Common Stock - Currency: USD
Overall SITM gets a technical rating of 5 out of 10. In the last year, SITM was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
SITM is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 76% of 110 stocks in the same industry.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Looking at the yearly performance, SITM did better than 86% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
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 186.49 - 222.37 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, SITM does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 190.15, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
120.95
239.07
When analyzing the support we can see 3 important areas.
- A support zone ranging from 190.15 to 190.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @135.71 from a trend line in the weekly time frame.
- Support @122.17 from a trend line in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 199.79 to 200.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @215.41 from a horizontal line in the daily time frame.
- Resistance @222.00 from a trend line in the weekly time frame.
- Resistance @228.31 from a horizontal line in the weekly time frame.
- Resistance @236.70 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 | NEUTRAL | NEUTRAL | The long term trend for SITM is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SITM is neutral. |
| ChartMill Relative Strength | 86.66 | POSITIVE | SITM has a high relative strength, it outperformed 86.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SITM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SITM is below 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) | 48.24 | NEUTRAL | The RSI value for SITM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.53 | POSITIVE | The MACD value suggests SITM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.51 | NEUTRAL | The Stochastics value for SITM is a neutral value. |
| Average True Range in percent/ATR (20) | 5.43 | HIGH VOLATILITY | The high ATR as a percentage value for SITM suggests high volalility. |
| Average Directional Index/ADX (14) | 10.23 | 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)
199.57
+0.77 (+0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg0.39%
1 Week3.36%
2 Weeks4.95%
1 Month-3.31%
3 Month5.03%
6 Month10.95%
12 Month57.51%
2 Year50.4%
3 Year87.55%
5 Year202.93%
10 YearN/A
15 YearN/A
Volatility
ATR(14)11.8
ATR(20)%5.43%
ATR Inc40.66%
Range Today6.4
ADR(20)10.41
ADR(20)%5.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.66
Mansfield-0.24
10 Day High216.38
10 Day Low186.49
20 Day High222.37
20 Day Low186.49
52 Week High268.18
52 Week Low105.4
CS1 End190.15
CR1 Start199.79
Volume & EV
DER(3)-0.74%
DER(5)0.72%
Volume453.50K
Volume Incr115.99%
Vol(5)578.26K
Vol(50)364.51K