SANDISK CORP (SNDK) Stock Technical Analysis
NASDAQ:SNDK • US80004C2008
We assign a technical rating of 7 out of 10 to SNDK. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, SNDK is a bad performer.
- 100% of all other stocks performed better in the past year than SNDK.
- SNDK is part of the Technology Hardware, Storage & Peripherals industry. There are 36 other stocks in this industry, of which 91% are performing better than SNDK.
- Both the short term and long term trends are positive. This is a very positive sign.
- SNDK 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 SNDK is lagging the market slightly.
- SNDK has an average volume of 15387900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month SNDK has a been trading in the 448.53 - 725.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, SNDK also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 600.39, a Stop Loss order could be placed below this zone.
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536.21
2 important support areas can be observed.
- A support zone ranging from 593.09 to 600.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @541.63 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @602.34 from a trend line in the daily time frame.
- A resistance zone ranging from 626.57 to 630.30. 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 | 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). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SNDK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.7 | NEUTRAL | The RSI value for SNDK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -8.3 | NEGATIVE | The MACD value suggests SNDK has a negative trend. |
| Stochastics (14,3) | 48.16 | NEUTRAL | The Stochastics value for SNDK is a neutral value. |
| Average True Range in percent/ATR (20) | 10.2 | HIGH VOLATILITY | The high ATR as a percentage value for SNDK suggests high volalility. |
| Average Directional Index/ADX (14) | 50.27 | POSITIVE | The high ADX value value for SNDK 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 |
|---|---|---|---|
| 602.35 | 593.08 | 9.27 (1.54%) | 25.00% |
| An entry @602.35. This is a Buy Stop order right above the resistance zone. | An exit @593.08. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 9.27 points, which is 1.54%. | For a 0.38% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SNDK. 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.
600.4
+9.81 (+1.66%)
SANDISK CORP / SNDK FAQ
What is the ChartMill technical rating of SANDISK CORP (SNDK) stock?
ChartMill assigns a technical rating of 7 / 10 to SNDK.
Can you provide the trend direction for SANDISK CORP?
The current trend direction for SANDISK CORP (SNDK) is Bullish.
Can you provide the RSI signal for SANDISK CORP?
SANDISK CORP (SNDK) has an RSI value of 60.6962. This indicates that the stock is currently neutral.
What is the short term momentum for SANDISK CORP (SNDK) stock?
The short term momentum for SANDISK CORP (SNDK) is positive.
What is the buy/sell signal for SNDK stock?
The buy/sell signal for SANDISK CORP (SNDK) is buy as both the short term and long term trends are positive.