STMICROELECTRONICS NV-NY SHS (STM) Technical Analysis
NYSE:STM • US8610121027
Current stock price
STM Technical Rating and Analysis
Overall STM gets a technical rating of 9 out of 10. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that STM is one of the better performing stocks in the market, outperforming 88% of all stocks.
- 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.
- STM has an average volume of 8409560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- STM is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 57% of 115 stocks in the same industry.
- In the last month STM has a been trading in the 30.66 - 34.91 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
STM Weekly and Daily overview Charts
STM Setup Rating and Analysis
STM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 33.41, a Stop Loss order could be placed below this zone.
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STM Support and Resistance Analysis
23.52
When analyzing the support we can see 4 important areas.
- A support zone ranging from 33.03 to 33.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 30.80 to 31.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @30.30 from a trend line in the daily time frame.
- Support @23.76 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @33.63 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 34.95 to 34.96. This zone is formed by a combination of multiple trend lines in the daily time frame.
STM 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 STM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for STM is up. |
| ChartMill Relative Strength | 88.54 | POSITIVE | STM has a high relative strength, it outperformed 88.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of STM is above a declining 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) | 54.49 | NEUTRAL | The RSI value for STM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests STM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 59.53 | NEUTRAL | The Stochastics value for STM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.07 | MEDIUM VOLATILITY | The ATR as a percentage value for STM suggests some volalility. |
| Average Directional Index/ADX (14) | 27.1 | POSITIVE | The high ADX value value for STM suggests a strong trend. |
STM Chart- and CandleStick Pattern Analysis
STM Example Setup
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 | 33.02 | 0.62 (1.84%) | 25.00% |
| An entry @33.64. This is a Buy Stop order right above the resistance zone. | An exit @33.02. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.62 points, which is 1.84%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.46%. |
- 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.
STM Technicals: Chart, Performance Metrics, Trend & Indicators
33.46
+0.59 (+1.79%)
STMICROELECTRONICS NV-NY SHS / STM TA 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 54.4892. 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.