SUPER MICRO COMPUTER INC. - 1H - Technical analysis published on 02/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
11%
28%
61%
My opinion
Bullish above 852.01 USD
My targets
886.03 USD (+2.02%)
909.30 USD (+4.70%)
My analysis
SUPER MICRO COMPUTER INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 852.01 USD. The next resistance located at 886.03 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 909.30 USD. After this resistance, buyers could then target 1,004.00 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.5
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Additional analysis
Quotes
The SUPER MICRO COMPUTER INC. price is 868.49 USD. The price has increased by +0.99% since the last closing and was between 830.02 USD and 895.96 USD. This implies that the price is at +4.63% from its lowest and at -3.07% from its highest.830.02
895.96
868.49
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of SUPER MICRO COMPUTER INC. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 2 are bullish, 11 are neutral and 5 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 496.89 | 693.95 | 824.02 | 868.49 | 886.03 | 1,004.00 | 1,077.87 |
| Change (%) | -42.79% | -20.10% | -5.12% | - | +2.02% | +15.60% | +24.11% |
| Change | -371.60 | -174.54 | -44.47 | - | +17.54 | +135.51 | +209.38 |
| Level | Intermediate | Major | Minor | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 620.04 | 722.03 | 791.02 | 893.01 | 962.00 | 1,063.99 | 1,132.98 |
| Camarilla | 812.99 | 828.66 | 844.34 | 860.01 | 875.68 | 891.36 | 907.03 |
| Woodie | 603.54 | 713.78 | 774.52 | 884.76 | 945.50 | 1,055.74 | 1,116.48 |
| Fibonacci | 722.03 | 787.34 | 827.70 | 893.01 | 958.32 | 998.68 | 1,063.99 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 389.47 | 540.98 | 700.50 | 852.01 | 1,011.53 | 1,163.04 | 1,322.56 |
| Camarilla | 774.48 | 802.99 | 831.50 | 860.01 | 888.52 | 917.03 | 945.54 |
| Woodie | 393.47 | 542.98 | 704.50 | 854.01 | 1,015.53 | 1,165.04 | 1,326.56 |
| Fibonacci | 540.98 | 659.80 | 733.20 | 852.01 | 970.83 | 1,044.23 | 1,163.04 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 73.62 | 174.75 | 352.18 | 453.31 | 630.74 | 731.87 | 909.30 |
| Camarilla | 453.01 | 478.54 | 504.08 | 529.61 | 555.15 | 580.68 | 606.21 |
| Woodie | 111.77 | 193.83 | 390.33 | 472.39 | 668.89 | 750.95 | 947.45 |
| Fibonacci | 174.75 | 281.16 | 346.90 | 453.31 | 559.72 | 625.46 | 731.87 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.37 | |
| MACD (12,26,9): | 9.7000 | |
| Directional Movement: | 2.57 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 874.15 | |
| Parabolic SAR (0,02-0,02-0,2): | 979.87 | |
| Elder Ray (13): | -3.34 | |
| Super Trend (3,10): | 976.21 | |
| Zig ZAG (10): | 862.40 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 16.62 | |
| TEMA (21): | 874.90 | |
| Williams %R (14): | -77.33 | |
| Chande Momentum Oscillator (20): | -106.17 | |
| Repulse (5,40,3): | -0.9700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2800 | |
| Courbe Coppock: | 3.32 |
| MA7: | 861.66 | |
| MA20: | 731.99 | |
| MA50: | 494.74 | |
| MA100: | 383.43 | |
| MAexp7: | 863.51 | |
| MAexp20: | 859.62 | |
| MAexp50: | 834.04 | |
| MAexp100: | 772.41 | |
| Price / MA7: | +0.79% | |
| Price / MA20: | +18.65% | |
| Price / MA50: | +75.54% | |
| Price / MA100: | +126.51% | |
| Price / MAexp7: | +0.58% | |
| Price / MAexp20: | +1.03% | |
| Price / MAexp50: | +4.13% | |
| Price / MAexp100: | +12.44% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on SUPER MICRO COMPUTER INC. at the time of the generation of this analysis was as follows:
- Kaskela Law LLC Announces Investigation of Super Micro Computer, Inc. and Encourages Investors with Financial Losses in Excess of $500,000 to Contact the Firm - SMCI
- "Mission: Green Computing" by Supermicro Introduces Total Cost to the Environment (TCE) for Leading Data Centers
- Investor Expectations to Drive Momentum within Global Medical REIT, Cyclacel Pharmaceuticals, Super Micro Computer, Kelly Services, Invitae, and ScanSource — Discovering Underlying Factors of Influence
- Supermicro Opens New Era of Petascale Computing with a Family of All-Flash NVMe 1U Systems Scalable up to a Petabyte of High Performance Storage
- Supermicro Joins Board of the Storage Networking Industry Association to Accelerate All-Flash NVMe Storage Advancements and Adoption
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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