STM Technical Analysis - STMICROELECTRONICS NV-NY SHS

Technical Rating and Analysis

Taking everything into account, STM scores 4 out of 10 in our technical rating. In the last year, STM was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

78% of all other stocks performed better in the past year than STM.

STM is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 73% of 112 stocks in the same industry do better.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

In the last month STM has a been trading in the 25.25 - 28.00 range, which is quite wide. It is currently trading near the high of this range.

STM has an average volume of 7477040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

STM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so STM is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

STMICROELECTRONICS NV-NY SHS / STM Weekly stock chart

STMICROELECTRONICS NV-NY SHS / STM Daily stock chart

Setup Rating and Analysis

STM has an average technical rating and also the quality of the setup is 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

24.17

30.92

3 important support areas can be observed.

A support zone ranging from 27.52 to 27.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 26.17 to 26.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 24.41 to 25.06. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

Resistance @30.61 from a trend line in the weekly time frame.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The long term trend for STM is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for STM is up.
ChartMill Relative Strength	22.27	NEGATIVE	STM has a low relative strength, it was outperformed by 77.73% 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)	DOWN	MIXED	The current price of STM is above a declining 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)	54.34	NEUTRAL	The RSI value for STM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.14	POSITIVE	The MACD value suggests STM has a positive trend.
Stochastics (14,3)	68.61	NEUTRAL	The Stochastics value for STM is a neutral value.
Average True Range in percent/ATR (20)	2.74	MEDIUM VOLATILITY	The ATR as a percentage value for STM suggests some volalility.
Average Directional Index/ADX (14)	16.14	NEGATIVE	The low ADX value for STM suggests a weak or negative trend.