Taking everything into account, SLAB scores 8 out of 10 in our technical rating. Although SLAB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although SLAB has an excellent technical rating, it does not offer a high quality setup 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
121.15
We found 3 important support areas.
- A support zone ranging from 130.69 to 134.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @127.72 from a trend line in the weekly time frame.
- Support @122.37 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @149.63 from a horizontal line in the daily time frame.
- A resistance zone ranging from 155.33 to 155.34. This zone is formed by a combination of multiple trend lines 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 SLAB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SLAB is up. |
| ChartMill Relative Strength | 72.14 | POSITIVE | SLAB has a high relative strength, it outperformed 72.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SLAB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SLAB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SLAB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.71 | NEUTRAL | The RSI value for SLAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.19 | POSITIVE | The MACD value suggests SLAB has a positive trend. |
| Stochastics (14,3) | 86.03 | OVERBOUGHT | The high Stochastics value suggests SLAB may be overbought. |
| Average True Range in percent/ATR (20) | 3.45 | MEDIUM VOLATILITY | The ATR as a percentage value for SLAB suggests some volalility. |
| Average Directional Index/ADX (14) | 23.4 | NEUTRAL | The ADX value for SLAB suggests a possible start of a new trend. |
146.09
-0.81 (-0.55%)
SILICON LABORATORIES INC / SLAB FAQ
What is the ChartMill technical rating of SILICON LABORATORIES INC (SLAB) stock?
ChartMill assigns a technical rating of 8 / 10 to SLAB.
What is the trend direction for SLAB stock?
The current trend direction for SILICON LABORATORIES INC (SLAB) is Bullish.
What is the RSI signal for SLAB stock?
SILICON LABORATORIES INC (SLAB) has an RSI value of 63.7091. This indicates that the stock is currently neutral.
What is the short term momentum for SLAB stock?
The short term momentum for SILICON LABORATORIES INC (SLAB) is positive.
Can you provide the support and resistance levels for SILICON LABORATORIES INC?
SILICON LABORATORIES INC (SLAB) has a support level at 134.65 and a resistance level at 149.63. Check the full technical report for our detailed analysis of SLAB support and resistance levels.