SOLIDION TECHNOLOGY INC (STI) Stock Technical Analysis
NASDAQ:STI • US8342122012
Taking everything into account, STI scores 0 out of 10 in our technical rating. STI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 98% of all other stocks performed better in the past year than STI.
- STI is one of the lesser performing stocks in the Electrical Equipment industry. 89% of 92 stocks in the same industry do better.
- STI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month STI has a been trading in the 4.76 - 9.69 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Considerably lower volume is observed in the last couple of days.
The technical rating of STI is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
3.07
2 important support areas can be observed.
- Support @3.21 from a trend line in the daily time frame.
- Support @3.10 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 6.43 to 6.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.19 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for STI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for STI is down. |
| ChartMill Relative Strength | 2.86 | NEGATIVE | STI has a low relative strength, it was outperformed by 97.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of STI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of STI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of STI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 30.89 | NEUTRAL | The RSI value for STI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests STI has a negative trend. |
| Stochastics (14,3) | 3.33 | OVERSOLD | The low Stochastics value suggests STI may be oversold. |
| Average True Range in percent/ATR (20) | 18.18 | HIGH VOLATILITY | The high ATR as a percentage value for STI suggests high volalility. |
| Average Directional Index/ADX (14) | 17.19 | NEGATIVE | The low ADX value for STI suggests a weak or negative trend. |
4.77
-0.49 (-9.32%)
SOLIDION TECHNOLOGY INC / STI FAQ
Can you provide the ChartMill technical rating for SOLIDION TECHNOLOGY INC?
ChartMill assigns a technical rating of 0 / 10 to STI.
What is the trend direction for STI stock?
The current trend direction for SOLIDION TECHNOLOGY INC (STI) is Bearish.
What is the RSI signal for STI stock?
SOLIDION TECHNOLOGY INC (STI) has an RSI value of 30.8881. This indicates that the stock is currently neutral.
What is the short term momentum for SOLIDION TECHNOLOGY INC (STI) stock?
The short term momentum for SOLIDION TECHNOLOGY INC (STI) is negative.
What are the support and resistance levels for SOLIDION TECHNOLOGY INC (STI) stock?
SOLIDION TECHNOLOGY INC (STI) has a support level at 3.21 and a resistance level at 6.43. Check the full technical report for our detailed analysis of STI support and resistance levels.