SUPER MICRO COMPUTER INC. - 1H - Technical analysis published on 04/03/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
56%
11%
My opinion
Bearish under 1,004.00 USD
My targets
949.32 USD (-4.65%)
896.47 USD (-9.96%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SUPER MICRO COMPUTER INC. as long as the price remains well below 1,004.00 USD. The sellers' bearish objective is set at 949.32 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 896.47 USD. In case of crossing, the next objective would be the support located at 855.00 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.7
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This analysis was given by Sazzy. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SUPER MICRO COMPUTER INC. rating is 995.58 USD. The price is lower by -1.42% since the last closing and was traded between 965.83 USD and 999.00 USD over the period. The price is currently at +3.08% from its lowest and -0.34% from its highest.965.83
999.00
995.58
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SUPER MICRO COMPUTER INC.:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of SUPER MICRO COMPUTER INC. indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
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 | 812.74 | 855.00 | 896.47 | 995.58 | 1,004.00 | 1,069.22 | 1,106.60 |
| Change (%) | -18.37% | -14.12% | -9.96% | - | +0.85% | +7.40% | +11.15% |
| Change | -182.84 | -140.58 | -99.11 | - | +8.42 | +73.64 | +111.02 |
| Level | Intermediate | Intermediate | Major | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 948.29 | 961.69 | 985.80 | 999.20 | 1,023.31 | 1,036.71 | 1,060.82 |
| Camarilla | 999.60 | 1,003.03 | 1,006.47 | 1,009.91 | 1,013.35 | 1,016.79 | 1,020.23 |
| Woodie | 953.65 | 964.37 | 991.16 | 1,001.88 | 1,028.67 | 1,039.39 | 1,066.18 |
| Fibonacci | 961.69 | 976.02 | 984.87 | 999.20 | 1,013.53 | 1,022.38 | 1,036.71 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 810.21 | 888.60 | 949.32 | 1,027.71 | 1,088.43 | 1,166.82 | 1,227.54 |
| Camarilla | 971.78 | 984.53 | 997.28 | 1,010.03 | 1,022.78 | 1,035.53 | 1,048.29 |
| Woodie | 801.37 | 884.18 | 940.48 | 1,023.29 | 1,079.59 | 1,162.40 | 1,218.70 |
| Fibonacci | 888.60 | 941.74 | 974.57 | 1,027.71 | 1,080.85 | 1,113.68 | 1,166.82 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 459.69 | 657.34 | 833.69 | 1,031.34 | 1,207.69 | 1,405.34 | 1,581.69 |
| Camarilla | 907.18 | 941.46 | 975.75 | 1,010.03 | 1,044.31 | 1,078.60 | 1,112.88 |
| Woodie | 449.03 | 652.02 | 823.03 | 1,026.02 | 1,197.03 | 1,400.02 | 1,571.03 |
| Fibonacci | 657.34 | 800.21 | 888.48 | 1,031.34 | 1,174.21 | 1,262.48 | 1,405.34 |
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): | 44.90 | |
| MACD (12,26,9): | -8.9800 | |
| Directional Movement: | -12.26 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 997.65 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,052.98 | |
| Elder Ray (13): | -21.25 | |
| Super Trend (3,10): | 1,048.99 | |
| Zig ZAG (10): | 991.12 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 23.76 | |
| TEMA (21): | 988.48 | |
| Williams %R (14): | -65.99 | |
| Chande Momentum Oscillator (20): | -50.36 | |
| Repulse (5,40,3): | 2.9800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 7.06 |
| MA7: | 1,020.96 | |
| MA20: | 1,047.21 | |
| MA50: | 861.62 | |
| MA100: | 579.13 | |
| MAexp7: | 995.56 | |
| MAexp20: | 1,006.73 | |
| MAexp50: | 1,012.24 | |
| MAexp100: | 1,012.46 | |
| Price / MA7: | -2.49% | |
| Price / MA20: | -4.93% | |
| Price / MA50: | +15.55% | |
| Price / MA100: | +71.91% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -1.11% | |
| Price / MAexp50: | -1.65% | |
| Price / MAexp100: | -1.67% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on SUPER MICRO COMPUTER INC. at the time of the analysis were 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.
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