SUPER MICRO COMPUTER INC. - 1H - Technical analysis published on 04/09/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 965.22 USD
My targets
896.47 USD (-1.23%)
855.00 USD (-5.80%)
My analysis
The bearish trend is currently very strong for SUPER MICRO COMPUTER INC.. As long as the price remains below the resistance at 965.22 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 896.47 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 855.00 USD as an objective. Crossing it would then enable sellers to target 816.54 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.5
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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 907.62 USD. The price registered a decrease of -2.25% on the session and was between 900.41 USD and 937.24 USD. This implies that the price is at +0.80% from its lowest and at -3.16% from its highest.900.41
937.24
907.62
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
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. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
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 | 816.54 | 855.00 | 896.47 | 907.62 | 965.22 | 1,004.00 | 1,080.22 |
| Change (%) | -10.04% | -5.80% | -1.23% | - | +6.35% | +10.62% | +19.02% |
| Change | -91.08 | -52.62 | -11.15 | - | +57.60 | +96.38 | +172.60 |
| Level | Intermediate | Intermediate | Major | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 837.00 | 869.50 | 899.00 | 931.50 | 961.00 | 993.50 | 1,023.00 |
| Camarilla | 911.45 | 917.13 | 922.82 | 928.50 | 934.18 | 939.87 | 945.55 |
| Woodie | 835.50 | 868.75 | 897.50 | 930.75 | 959.50 | 992.75 | 1,021.50 |
| Fibonacci | 869.50 | 893.18 | 907.82 | 931.50 | 955.18 | 969.82 | 993.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 760.05 | 846.03 | 897.03 | 983.01 | 1,034.01 | 1,119.99 | 1,170.99 |
| Camarilla | 910.35 | 922.91 | 935.46 | 948.02 | 960.58 | 973.13 | 985.69 |
| Woodie | 742.55 | 837.29 | 879.53 | 974.27 | 1,016.51 | 1,111.25 | 1,153.49 |
| Fibonacci | 846.03 | 898.36 | 930.69 | 983.01 | 1,035.34 | 1,067.67 | 1,119.99 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 34.70 | |
| MACD (12,26,9): | -23.0000 | |
| Directional Movement: | -21.11 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 914.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 957.21 | |
| Elder Ray (13): | -23.89 | |
| Super Trend (3,10): | 970.47 | |
| Zig ZAG (10): | 905.43 | |
| VORTEX (21): | 0.7500 | |
| Stochastique (14,3,5): | 14.87 | |
| TEMA (21): | 903.35 | |
| Williams %R (14): | -97.42 | |
| Chande Momentum Oscillator (20): | -51.20 | |
| Repulse (5,40,3): | -2.8300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3200 | |
| Courbe Coppock: | 12.00 |
| MA7: | 971.16 | |
| MA20: | 1,010.44 | |
| MA50: | 899.47 | |
| MA100: | 606.36 | |
| MAexp7: | 918.90 | |
| MAexp20: | 944.33 | |
| MAexp50: | 974.20 | |
| MAexp100: | 989.84 | |
| Price / MA7: | -6.54% | |
| Price / MA20: | -10.18% | |
| Price / MA50: | +0.91% | |
| Price / MA100: | +49.68% | |
| Price / MAexp7: | -1.26% | |
| Price / MAexp20: | -3.92% | |
| Price / MAexp50: | -6.87% | |
| Price / MAexp100: | -8.34% |
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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