STMICROELECTRONICS NV-NY SHS (STM) Stock Technical Analysis
USA - NYSE:STM - US8610121027
We assign a technical rating of 0 out of 10 to STM. STM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
STM has a poor technical rating and the quality of the setup is also only medium 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
23.10
We found 1 important support area.
- A support zone ranging from 23.33 to 23.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 23.75 to 24.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @28.23 from a trend line in the weekly time frame.
- Resistance @29.10 from a trend line in the weekly time frame.
- Resistance @29.73 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 | DOWN | NEGATIVE | The long term trend for STM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for STM is down. |
| ChartMill Relative Strength | 25 | NEGATIVE | STM has a low relative strength, it was outperformed by 75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of STM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of STM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of STM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 33.98 | NEUTRAL | The RSI value for STM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests STM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.42 | NEUTRAL | The Stochastics value for STM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.76 | MEDIUM VOLATILITY | The ATR as a percentage value for STM suggests some volalility. |
| Average Directional Index/ADX (14) | 35.58 | POSITIVE | The high ADX value value for STM suggests a strong trend. |
23.34
-0.44 (-1.85%)
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 0 / 10 to STM.
What is the current trend direction of STMICROELECTRONICS NV-NY SHS (STM) stock?
The current trend direction for STMICROELECTRONICS NV-NY SHS (STM) is Bearish.
What is the RSI signal for STMICROELECTRONICS NV-NY SHS (STM) stock?
STMICROELECTRONICS NV-NY SHS (STM) has an RSI value of 33.9769. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for STMICROELECTRONICS NV-NY SHS?
The buy/sell signal for STMICROELECTRONICS NV-NY SHS (STM) is sell as both the short term and long term trends are negative.
What is the support and resistance level for STM stock?
STMICROELECTRONICS NV-NY SHS (STM) has a support level at 23.33 and a resistance level at 23.75. Check the full technical report for our detailed analysis of STM support and resistance levels.