STMICROELECTRONICS NV-NY SHS (STM) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:STM • US8610121027
We assign a technical rating of 10 out of 10 to STM. 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 85% of all stocks.
- STM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so STM is lagging the market slightly.
- STM has an average volume of 6507570 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 54% of 113 stocks in the same industry.
- In the last month STM has a been trading in the 26.91 - 30.41 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, STM also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 30.19. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.88, a Stop Loss order could be placed below this zone.
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22.90
When analyzing the support we can see 3 important areas.
- A support zone ranging from 27.89 to 28.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.83 to 27.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.13 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 30.19 to 30.54. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @32.55 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 | 85.93 | POSITIVE | STM has a high relative strength, it outperformed 85.93% 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) | 54.85 | NEUTRAL | The RSI value for STM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests STM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 51.88 | NEUTRAL | The Stochastics value for STM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.65 | MEDIUM VOLATILITY | The ATR as a percentage value for STM suggests some volalility. |
| Average Directional Index/ADX (14) | 23.07 | NEUTRAL | The ADX value for STM suggests a possible start of a new 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 |
|---|---|---|---|
| 30.55 | 27.88 | 2.67 (8.74%) | 11.44% |
| An entry @30.55. This is a Buy Stop order right above the resistance zone. | An exit @27.88. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.67 points, which is 8.74%. | For a 1.00% total portfolio risk, you can invest 11.44% of your capital in this trade. |
- 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.
28.98
-0.35 (-1.19%)
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 10 / 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 54.8502. 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.