STMICROELECTRONICS NV (STM.PA) Stock Technical Analysis
EPA:STM - Euronext Paris - Matif - NL0000226223 - Common Stock - Currency: EUR
Taking everything into account, STM 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, STM is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, STM did better than 97% of all other stocks.
STM is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 96% of 55 stocks in the same industry.
STM is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so STM is leading the market.
In the last month STM has a been trading in the 41.81 - 47.47 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
STM has an average volume of 2158650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, STM also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 45.71, a Stop Loss order could be placed below this zone.
More info and screens
28.89
47.52
We found 5 important support areas.
- A support zone ranging from 45.56 to 45.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 44.22 to 44.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 35.41 to 35.45. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @34.79 from a trend line in the weekly time frame.
- Support @29.18 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @46.27 from a horizontal line in the weekly time frame.
- Resistance @47.05 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 | UP | POSITIVE | The long term trend for STM.PA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for STM.PA is up. |
| ChartMill Relative Strength | 97.64 | POSITIVE | STM.PA has a high relative strength, it outperformed 97.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of STM.PA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of STM.PA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of STM.PA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.19 | NEUTRAL | The RSI value for STM.PA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests STM.PA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 89.54 | OVERBOUGHT | The high Stochastics value suggests STM.PA may be overbought. |
| Average True Range in percent/ATR (20) | 2.59 | MEDIUM VOLATILITY | The ATR as a percentage value for STM.PA suggests some volalility. |
| Average Directional Index/ADX (14) | 25.22 | POSITIVE | The high ADX value value for STM.PA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 46.28 | 45.55 | 0.73 (1.58%) | 25.00% |
| An entry @46.28. This is a Buy Stop order right above the resistance zone. | An exit @45.55. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.73 points, which is 1.58%. | For a 0.39% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of STM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
EPA:STM (3/10/2023, 7:00:00 PM)
46.26
-0.78 (-1.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-1.66%
1 Week2.11%
2 Weeks3.7%
1 Month2.96%
3 Month25.38%
6 Month25.23%
12 Month32.15%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.34
ATR(20)%2.59%
ATR Inc32.15%
Range Today1.48
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.64
Mansfield3.12
10 Day High47.47
10 Day Low41.81
20 Day High47.47
20 Day Low41.81
52 Week High47.47
52 Week Low27.42
CS1 End45.71
CR1 Start46.27
Volume & EV
DER(3)2.13%
DER(5)2.72%
Volume2.23M
Volume Incr-16.26%
Vol(5)1.72M
Vol(50)2.16M