SNDK Technical Analysis - SANDISK CORP

Technical Rating and Analysis

Overall SNDK gets a technical rating of 7 out of 10. 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.

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 part of the Technology Hardware, Storage & Peripherals industry. There are 33 other stocks in this industry, of which 96% are performing better than SNDK.

The long and short term trends are both positive. This is looking good!

In the last month SNDK has a been trading in the 93.53 - 144.55 range, which is quite wide. It is currently trading near the high of this range.

SNDK has an average volume of 6023650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although SNDK has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

121.01

145.74

When analyzing the support we notice one important area.

Support @122.23 from a trend line in the daily time frame.

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Technical Indicator Signal Analysis

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)	70.21	OVERBOUGHT	The high RSI value suggests SNDK may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.22	POSITIVE	The MACD value suggests SNDK has a positive trend.
Stochastics (14,3)	90.49	OVERBOUGHT	The high Stochastics value suggests SNDK may be overbought.
Average True Range in percent/ATR (20)	7.73	HIGH VOLATILITY	The high ATR as a percentage value for SNDK suggests high volalility.
Average Directional Index/ADX (14)	52.44	POSITIVE	The high ADX value value for SNDK suggests a strong trend.