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, the quality of the presented setup is not ideal 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
210.05
When analyzing the support we can see 3 important areas.
- A support zone ranging from 237.18 to 237.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @223.25 from a trend line in the daily time frame.
- Support @212.17 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @245.53 from a trend line in the daily time frame.
- Resistance @250.09 from a horizontal line in the daily time frame.
- Resistance @254.17 from a horizontal line in the weekly time frame.
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) | 54.54 | NEUTRAL | The RSI value for SNDK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.97 | POSITIVE | The MACD value suggests SNDK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.32 | NEUTRAL | The Stochastics value for SNDK is a neutral value. |
| Average True Range in percent/ATR (20) | 7.86 | HIGH VOLATILITY | The high ATR as a percentage value for SNDK suggests high volalility. |
| Average Directional Index/ADX (14) | 27.58 | POSITIVE | The high ADX value value for SNDK suggests a strong trend. |
237.38
-2.84 (-1.18%)
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 54.5425. 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.