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.
- 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. 97% of 35 stocks in the same industry do better.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month SNDK has a been trading in the 235.24 - 509.50 range, which is quite wide. It is currently trading near the high of this range.
- SNDK has an average volume of 13359000 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.
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
253.74
2 important support areas can be observed.
- Support @292.26 from a trend line in the daily time frame.
- Support @256.30 from a trend line in the daily 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) | 76.52 | OVERBOUGHT | The high RSI value suggests SNDK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 7.75 | POSITIVE | The MACD value suggests SNDK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.57 | OVERBOUGHT | The high Stochastics value suggests SNDK may be overbought. |
| Average True Range in percent/ATR (20) | 7.04 | HIGH VOLATILITY | The high ATR as a percentage value for SNDK suggests high volalility. |
| Average Directional Index/ADX (14) | 55.2 | POSITIVE | The high ADX value value for SNDK suggests a strong trend. |
481.43
+10.63 (+2.26%)
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 76.5239. This indicates that the stock is currently overbought.
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.