SILICON MOTION TECHNOLOGY - Daily - Technical analysis published on 01/13/2020 (GMT)
- 321
- 0
- Who voted?
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 48.75 USD
My targets
52.63 USD (+2.19%)
55.67 USD (+8.10%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SILICON MOTION TECHNOLOGY as long as the price remains well above 48.75 USD. The buyers” bullish objective is set at 52.63 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 55.67 USD. If there is any crossing, the next objective would be the resistance located at 60.23 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.3
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SILICON MOTION TECHNOLOGY rating 51.50 USD. On the day, this instrument gained +0.90% with the lowest point at 50.78 USD and the highest point at 51.66 USD. The deviation from the price is +1.42% for the low point and -0.31% for the high point.50.78
51.66
51.50
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of SILICON MOTION TECHNOLOGY indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 38.90 | 45.39 | 48.75 | 51.50 | 52.63 | 55.67 | 60.23 |
| Change (%) | -24.47% | -11.86% | -5.34% | - | +2.19% | +8.10% | +16.95% |
| Change | -12.60 | -6.11 | -2.75 | - | +1.13 | +4.17 | +8.73 |
| Level | Major | Major | Intermediate | - | Intermediate | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.35 | 49.96 | 50.50 | 51.11 | 51.65 | 52.26 | 52.80 |
| Camarilla | 50.72 | 50.83 | 50.94 | 51.04 | 51.15 | 51.25 | 51.36 |
| Woodie | 49.32 | 49.94 | 50.47 | 51.09 | 51.62 | 52.24 | 52.77 |
| Fibonacci | 49.96 | 50.40 | 50.67 | 51.11 | 51.55 | 51.82 | 52.26 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.77 | 48.67 | 49.48 | 50.38 | 51.19 | 52.09 | 52.90 |
| Camarilla | 49.83 | 49.99 | 50.14 | 50.30 | 50.46 | 50.61 | 50.77 |
| Woodie | 47.74 | 48.65 | 49.45 | 50.36 | 51.16 | 52.07 | 52.87 |
| Fibonacci | 48.67 | 49.32 | 49.72 | 50.38 | 51.03 | 51.43 | 52.09 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.80 | 39.64 | 45.18 | 48.02 | 53.56 | 56.40 | 61.94 |
| Camarilla | 48.41 | 49.17 | 49.94 | 50.71 | 51.48 | 52.25 | 53.02 |
| Woodie | 38.14 | 40.32 | 46.52 | 48.70 | 54.90 | 57.08 | 63.28 |
| Fibonacci | 39.64 | 42.84 | 44.82 | 48.02 | 51.22 | 53.20 | 56.40 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 67.72 | |
| MACD (12,26,9): | 1.6500 | |
| Directional Movement: | 18.08 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 51.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 49.88 | |
| Elder Ray (13): | 0.77 | |
| Super Trend (3,10): | 48.47 | |
| Zig ZAG (10): | 51.50 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 73.17 | |
| TEMA (21): | 51.90 | |
| Williams %R (14): | -21.85 | |
| Chande Momentum Oscillator (20): | 1.82 | |
| Repulse (5,40,3): | 0.6100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5500 | |
| Courbe Coppock: | 11.32 |
| MA7: | 51.08 | |
| MA20: | 49.87 | |
| MA50: | 46.09 | |
| MA100: | 40.51 | |
| MAexp7: | 51.04 | |
| MAexp20: | 49.62 | |
| MAexp50: | 46.34 | |
| MAexp100: | 43.14 | |
| Price / MA7: | +0.82% | |
| Price / MA20: | +3.27% | |
| Price / MA50: | +11.74% | |
| Price / MA100: | +27.13% | |
| Price / MAexp7: | +0.90% | |
| Price / MAexp20: | +3.79% | |
| Price / MAexp50: | +11.14% | |
| Price / MAexp100: | +19.38% |
News
Don"t forget to follow the news on SILICON MOTION TECHNOLOGY. At the time of publication of this analysis, the latest news was as follows:
- Detailed Research: Economic Perspectives on Magna International, Sony, HMS, Silicon Motion Technology, IRHYTHM TECH, and Teck Resources — What Drives Growth in Today's Competitive Landscape
- Silicon Motion Technology Corporation Sponsored ADR to Host Earnings Call
- Silicon Motion Technology Corporation Sponsored ADR to Host Earnings Call
- Silicon Motion Announces Results for the Period Ended December 31, 2016
- Silicon Motion Confirms Quarterly Dividend
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis SILICON MOTION TECHNOLOGY - Daily