SANDISK CORP (SNDK) Technical Analysis
NASDAQ:SNDK • US80004C2008
Current stock price
SNDK Technical Rating and Analysis
Taking everything into account, SNDK scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SNDK is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that SNDK is one of the better performing stocks in the market, outperforming 99% of all stocks. We also observe that the gains produced by SNDK over the past year are nicely spread over this period.
- SNDK is part of the Technology Hardware, Storage & Peripherals industry. There are 37 other stocks in this industry. SNDK outperforms 100% of them.
- A new 52 week high is currently being made by SNDK, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month SNDK has a been trading in the 558.58 - 981.06 range, which is quite wide. It is currently trading near the high of this range.
- SNDK has an average volume of 18644300 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.
SNDK Weekly and Daily overview Charts
SNDK Setup Rating and Analysis
Although SNDK has an excellent technical rating, it does not offer a high quality setup 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
SNDK Support and Resistance Analysis
611.49
When analyzing the support we can see 3 important areas.
- Support @661.87 from a trend line in the daily time frame.
- Support @637.07 from a trend line in the weekly time frame.
- Support @617.67 from a trend line in the daily time frame.
SNDK 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 | 99.92 | POSITIVE | SNDK has a high relative strength, it outperformed 99.92% 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) | 70.54 | OVERBOUGHT | The high RSI value suggests SNDK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 11.32 | POSITIVE | The MACD value suggests SNDK has a positive trend. |
| Stochastics (14,3) | 88.99 | OVERBOUGHT | The high Stochastics value suggests SNDK may be overbought. |
| Average True Range in percent/ATR (20) | 6.46 | HIGH VOLATILITY | The high ATR as a percentage value for SNDK suggests high volalility. |
| Average Directional Index/ADX (14) | 29.69 | POSITIVE | The high ADX value value for SNDK suggests a strong trend. |
SNDK Chart- and CandleStick Pattern Analysis
SNDK Technicals: Chart, Performance Metrics, Trend & Indicators
979.07
+75.58 (+8.37%)
SANDISK CORP / SNDK TA FAQ
What is the ChartMill technical rating of SANDISK CORP (SNDK) stock?
ChartMill assigns a technical rating of 10 / 10 to SNDK.
Can you provide the trend direction for SANDISK CORP?
The current trend direction for SANDISK CORP (SNDK) is Bullish.
What is the RSI signal for SNDK stock?
SANDISK CORP (SNDK) has an RSI value of 70.5415. This indicates that the stock is currently overbought.
What is the short term momentum for SNDK stock?
The short term momentum for SANDISK CORP (SNDK) is positive.
What is the support and resistance level for SNDK stock?
SANDISK CORP (SNDK) has a support level at 661.87. Check the full technical report for our detailed analysis of SNDK support and resistance levels.