USA - NASDAQ:SNDK - US80004C2008 - Common Stock
We assign a technical rating of 7 out of 10 to SNDK. Although SNDK is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although SNDK has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
154.59
We found 1 important support area.
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 SNDK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SNDK is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | SNDK has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SNDK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SNDK is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 74.65 | OVERBOUGHT | The high RSI value suggests SNDK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.3 | POSITIVE | The MACD value suggests SNDK has a positive trend. |
| Stochastics (14,3) | 91.35 | OVERBOUGHT | The high Stochastics value suggests SNDK may be overbought. |
| Average True Range in percent/ATR (20) | 7.76 | HIGH VOLATILITY | The high ATR as a percentage value for SNDK suggests high volalility. |
| Average Directional Index/ADX (14) | 53.86 | POSITIVE | The high ADX value value for SNDK suggests a strong trend. |
239.48
+31.79 (+15.31%)
ChartMill assigns a technical rating of 7 / 10 to SNDK.
The current trend direction for SANDISK CORP (SNDK) is Bullish.
SANDISK CORP (SNDK) has an RSI value of 74.6454. This indicates that the stock is currently overbought.
The short term momentum for SANDISK CORP (SNDK) is positive.
SANDISK CORP (SNDK) has a support level at 156.15. Check the full technical report for our detailed analysis of SNDK support and resistance levels.