SILICON MOTION TECHNOLOGY

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Type:	Stocks
Ticker:	SIMO
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SILICON MOTION TECHNOLOGY - Daily - Technical analysis published on 08/12/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Strongly bearish

Technical indicators

17%

61%

22%

My opinion

Bearish under 36.52 USD

My targets

32.13 USD (-0.50%)

27.41 USD (-15.11%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SILICON MOTION TECHNOLOGY as long as the price remains well below 36.52 USD. The sellers” bearish objective is set at 32.13 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 27.41 USD. In case of crossing, the next objective would be the support located at 16.75 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Comment on the analysis

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

The SILICON MOTION TECHNOLOGY price is 32.29 USD. The price registered a decrease of -2.98% on the session with the lowest point at 31.87 USD and the highest point at 33.32 USD. The deviation from the price is +1.32% for the low point and -3.09% for the high point.

31.87

33.32

32.29

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of SILICON MOTION TECHNOLOGY in Daily shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

White morning star

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	16.75	27.41	32.13	32.29	36.52	38.90	42.70
Change (%)	-48.13%	-15.11%	-0.50%	-	+13.10%	+20.47%	+32.24%
Change	-15.54	-4.88	-0.16	-	+4.23	+6.61	+10.41
Level	Minor	Minor	Major	-	Minor	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	31.57	32.00	32.64	33.07	33.71	34.14	34.78
Camarilla	32.99	33.08	33.18	33.28	33.38	33.48	33.57
Woodie	31.68	32.05	32.75	33.12	33.82	34.19	34.89
Fibonacci	32.00	32.41	32.66	33.07	33.48	33.73	34.14

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	24.01	28.76	31.24	35.99	38.46	43.21	45.69
Camarilla	31.72	32.39	33.05	33.71	34.37	35.03	35.70
Woodie	22.87	28.19	30.10	35.42	37.32	42.64	44.55
Fibonacci	28.76	31.52	33.23	35.99	38.75	40.45	43.21

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.19	28.50	32.19	39.50	43.19	50.50	54.19
Camarilla	32.85	33.86	34.87	35.88	36.89	37.90	38.91
Woodie	19.38	27.59	30.38	38.60	41.38	49.60	52.38
Fibonacci	28.50	32.70	35.30	39.50	43.70	46.30	50.50

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):	23.98
MACD (12,26,9):	-2.3900
Directional Movement:	-22.00
AROON (14):	-85.71
DEMA (21):	34.18
Parabolic SAR (0,02-0,02-0,2):	35.13
Elder Ray (13):	-2.91
Super Trend (3,10):	37.02
Zig ZAG (10):	32.29
VORTEX (21):	0.6100
Stochastique (14,3,5):	6.05
TEMA (21):	32.17
Williams %R (14):	-96.18
Chande Momentum Oscillator (20):	-9.51
Repulse (5,40,3):	-3.4100
ROCnROLL:	2
TRIX (15,9):	-0.5600
Courbe Coppock:	37.89

MA7:	33.15
MA20:	38.07
MA50:	39.89
MA100:	39.58
MAexp7:	33.76
MAexp20:	36.88
MAexp50:	38.88
MAexp100:	39.43
Price / MA7:	-2.59%
Price / MA20:	-15.18%
Price / MA50:	-19.05%
Price / MA100:	-18.42%
Price / MAexp7:	-4.35%
Price / MAexp20:	-12.45%
Price / MAexp50:	-16.95%
Price / MAexp100:	-18.11%

News

The last news published on SILICON MOTION TECHNOLOGY at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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