STMICROELECTRONICS NV-NY SHS (STM) Stock Technical Analysis
NYSE:STM • US8610121027
Taking everything into account, STM scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, STM has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- STM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- STM is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- STM has an average volume of 7263040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that STM is one of the better performing stocks in the market, outperforming 87% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- STM is part of the Semiconductors & Semiconductor Equipment industry. There are 113 other stocks in this industry, STM did better than 53% of them.
Besides having an excellent technical rating, STM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 33.61, a Stop Loss order could be placed below this zone.
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23.11
When analyzing the support we can see 3 important areas.
- A support zone ranging from 33.18 to 33.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 28.65 to 29.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.34 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @33.63 from a horizontal line in the weekly 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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for STM is up. |
| ChartMill Relative Strength | 87.78 | POSITIVE | STM has a high relative strength, it outperformed 87.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of STM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of STM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of STM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.99 | NEUTRAL | The RSI value for STM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests STM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.26 | OVERBOUGHT | The high Stochastics value suggests STM may be overbought. |
| Average True Range in percent/ATR (20) | 3.91 | MEDIUM VOLATILITY | The ATR as a percentage value for STM suggests some volalility. |
| Average Directional Index/ADX (14) | 33.53 | POSITIVE | The high ADX value value for STM suggests a strong trend. |
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 |
|---|---|---|---|
| 33.64 | 33.17 | 0.47 (1.40%) | 25.00% |
| An entry @33.64. This is a Buy Stop order right above the resistance zone. | An exit @33.17. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.47 points, which is 1.40%. | For a 0.35% 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.
33.62
+0.42 (+1.27%)
STMICROELECTRONICS NV-NY SHS / STM FAQ
What is the ChartMill technical rating of STMICROELECTRONICS NV-NY SHS (STM) stock?
ChartMill assigns a technical rating of 9 / 10 to STM.
What is the trend direction for STM stock?
The current trend direction for STMICROELECTRONICS NV-NY SHS (STM) is Bullish.
What is the RSI signal for STMICROELECTRONICS NV-NY SHS (STM) stock?
STMICROELECTRONICS NV-NY SHS (STM) has an RSI value of 63.9928. This indicates that the stock is currently neutral.
What is the short term momentum for STM stock?
The short term momentum for STMICROELECTRONICS NV-NY SHS (STM) is positive.
What is the buy/sell signal for STMICROELECTRONICS NV-NY SHS (STM) stock?
The buy/sell signal for STMICROELECTRONICS NV-NY SHS (STM) is buy as both the short term and long term trends are positive.