SILICON LABORATORIES INC (SLAB) Technical Analysis
NASDAQ:SLAB • US8269191024
Current stock price
SLAB Technical Rating and Analysis
Overall SLAB gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SLAB is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, SLAB did better than 93% of all other stocks.
- SLAB is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry. SLAB outperforms 70% of them.
- SLAB is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SLAB is leading the market.
- SLAB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- In the last month SLAB has a been trading in a tight range between 201.02 and 207.54.
SLAB Weekly and Daily overview Charts
SLAB Setup Rating and Analysis
SLAB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 202.69, a Stop Loss order could be placed below this zone.
More info and screens
SLAB Support and Resistance Analysis
133.30
3 important support areas can be observed.
- A support zone ranging from 201.69 to 202.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @147.94 from a trend line in the daily time frame.
- A support zone ranging from 134.65 to 137.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 203.09 to 207.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
SLAB Technical Indicator Signal Analysis
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 | 93.65 | POSITIVE | SLAB has a high relative strength, it outperformed 93.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SLAB is below a declining 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) | 67.59 | NEUTRAL | The RSI value for SLAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.39 | NEGATIVE | The MACD value suggests SLAB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.08 | NEUTRAL | The Stochastics value for SLAB is a neutral value. |
| Average True Range in percent/ATR (20) | 0.71 | LOW VOLATILITY | The low ATR as a percentage value for SLAB suggests low volalility. |
| Average Directional Index/ADX (14) | 47.05 | POSITIVE | The high ADX value value for SLAB suggests a strong trend. |
SLAB Chart- and CandleStick Pattern Analysis
SLAB Example Setup
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 |
|---|---|---|---|
| 203.10 | 201.68 | 1.42 (0.70%) | 25.00% |
| An entry @203.10. This is a Buy Stop order right above the 10 day moving average. | An exit @201.68. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.42 points, which is 0.70%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.17%. |
- The distance between exit and entry is rather small compared to the average daily movement of SLAB. Please evaluate whether better entry and exit points can be found.
- 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.
SLAB Technicals: Chart, Performance Metrics, Trend & Indicators
203
+0.93 (+0.46%)
SILICON LABORATORIES INC / SLAB TA FAQ
What is the ChartMill technical rating of SILICON LABORATORIES INC (SLAB) stock?
ChartMill assigns a technical rating of 9 / 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 67.5909. 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 202.69 and a resistance level at 203.09. Check the full technical report for our detailed analysis of SLAB support and resistance levels.