SANDISK CORP (SNDK) Stock Technical Analysis
NASDAQ:SNDK - Nasdaq - US80004C2008 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to SNDK. In the last year, SNDK was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
When comparing the yearly performance of all stocks, SNDK is a bad performer in the overall market: 100% of all stocks are doing better.
SNDK is one of the lesser performing stocks in the Technology Hardware, Storage & Peripherals industry. 93% of 32 stocks in the same industry do better.
In the last month SNDK has a been trading in the 40.10 - 47.75 range, which is quite wide. It is currently trading near the lows of this range.
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.
SNDK has an average volume of 2717780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
SNDK has a poor technical rating and the quality of the setup is also only medium 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
40.53
47.92
When analyzing the support we notice one important area.
- A support zone ranging from 40.94 to 41.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 42.30 to 43.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @45.01 from a trend line in the daily time frame.
- A resistance zone ranging from 47.16 to 47.45. 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 SNDK is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SNDK is neutral. |
| 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) | DOWN | NEGATIVE | The current price of SNDK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SNDK is below the rising SMA(50). |
| Relative Strength Index/RSI (14) | 42.67 | NEUTRAL | The RSI value for SNDK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests SNDK has a negative trend. |
| Stochastics (14,3) | 42.74 | NEUTRAL | The Stochastics value for SNDK is a neutral value. |
| Average True Range in percent/ATR (20) | 4.49 | MEDIUM VOLATILITY | The ATR as a percentage value for SNDK suggests some volalility. |
| Average Directional Index/ADX (14) | 20.79 | NEUTRAL | The ADX value for SNDK suggests a possible start of a new 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)
41.33
-1.59 (-3.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg-3.7%
1 Week-2.71%
2 Weeks-2.04%
1 Month-10.95%
3 Month20.15%
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.72
ATR(20)%4.49%
ATR Inc45.05%
Range Today2.13
ADR(20)1.72
ADR(20)%4.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High44.62
10 Day Low40.1
20 Day High47.75
20 Day Low40.1
52 Week HighN/A
52 Week LowN/A
CS1 End41.32
CR1 Start42.3
Volume & EV
DER(3)4.32%
DER(5)2.47%
Volume1.66M
Volume Incr-40.64%
Vol(5)1.38M
Vol(50)2.72M