We assign a technical rating of 7 out of 10 to SLAB. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SLAB is only an average performer.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- SLAB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SLAB is lagging the market slightly.
- When compared to the yearly performance of all other stocks, SLAB outperforms 60% of them, which is more or less in line with the market.
- SLAB is part of the Semiconductors & Semiconductor Equipment industry. There are 113 other stocks in this industry, SLAB did better than 40% of them.
- In the last month SLAB has a been trading in the 131.69 - 157.29 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, SLAB also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 153.48. Right above this resistance zone may be a good entry point.
More info and screens
129.33
3 important support areas can be observed.
- Support @141.53 from a trend line in the daily time frame.
- Support @134.65 from a horizontal line in the daily time frame.
- A support zone ranging from 130.64 to 131.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 153.48 to 155.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for SLAB is neutral. |
| ChartMill Relative Strength | 60.91 | NEUTRAL | SLAB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SLAB is below 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) | 49.68 | NEUTRAL | The RSI value for SLAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.94 | NEGATIVE | The MACD value suggests SLAB has a negative trend. |
| Stochastics (14,3) | 33.09 | NEUTRAL | The Stochastics value for SLAB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.33 | MEDIUM VOLATILITY | The ATR as a percentage value for SLAB suggests some volalility. |
| Average Directional Index/ADX (14) | 25.84 | POSITIVE | The high ADX value value for SLAB suggests a strong trend. |
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 |
|---|---|---|---|
| 145.73 | 141.52 | 4.21 (2.89%) | 25.00% |
| An entry @145.73. This is a Buy Stop order right above the 10 day moving average. | An exit @141.52. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.21 points, which is 2.89%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.72%. |
- 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.
142.45
-4.09 (-2.79%)
SILICON LABORATORIES INC / SLAB FAQ
What is the ChartMill technical rating of SILICON LABORATORIES INC (SLAB) stock?
ChartMill assigns a technical rating of 7 / 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 49.6784. 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 neutral.
Can you provide the support and resistance levels for SILICON LABORATORIES INC?
SILICON LABORATORIES INC (SLAB) has a support level at 141.53 and a resistance level at 153.48. Check the full technical report for our detailed analysis of SLAB support and resistance levels.