Silicon Motion Technology Technical Analysis (NASDAQ:SIMO)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. When a chart pattern that can predict future Silicon Motion Technology stock price movements is formed, the SIMO stock chart can become a key tool for a technical analyst.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Silicon Motion Technology. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Silicon Motion Technology stock analysis using these technical indicators helps identify trading opportunities.
Silicon Motion Technology Moving Average:
SIMO stock price movements can be forecasted by using triggers based on moving averages, which are also some of the simplest technical indicators. The way the averages are calculated in each of the 2 popular cases, that is SMA and EMA varies, however the interpretation of Silicon Motion Technology chart patterns after the calculations remain the same. The 100 day moving average of 47.33 is above the last closing price of 42.72. The 20 day moving average of $42.51 is below the last closing price of $42.72 and the 50 day moving average of $45.89 is above the $42.72 price. The 10 and 20 day periods can predict short term moving average trends.
Silicon Motion Technology Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the SIMO stock. Currently the stock price of $42.72 is in the lower range of Silicon Motion Technology bollinger bands.
Silicon Motion Technology Moving Average Convergence Divergence or MACD:
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Silicon Motion Technology MACD indicator is below 0 indicating a bearish trend.
Silicon Motion Technology Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. 60.25 is the RSI value of SIMO stock. .