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Silicon Motion Technology Corporation (SIMO) - Buy, Sell or Hold?

Sector: Technology   Sub-Sector: Semiconductors
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 28 Nov 2017Bearish EngulfingDojiMon, 20 Nov 20173.28%
***Stock database and scans are updated around midnight (New York time) every trading day.
49.50 0.00 (0%) Nov 28 4:00pm EDT
Open: 50.95 Range: 49.15 - 51.59 Vol: 782.14K Avg Vol: 567.73K
EPS: 2.96 P/E ratio: 16.37 EBITDA: 145.81M Mkt Cap: 1.73B
Analyze "SIMO" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 49.62
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 48.26
Last Trade is above the 50 day moving average at 48.86
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 46.85
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of SIMO

Stock Trend Analysis - Buy, Sell or Hold "Silicon Motion Technology Corporation" (SIMO)?

SIMO is in a long term trading range with a downward bias. This stock has traded about 53% of the time below the 200 day moving average in the last 52 weeks on daily average volume of 567.7K shares changing hands. The 50 day moving average indicates a medium term trading range with a bullish upside inclination. The 20 day moving average is also biased to the bullish side although the last two months have been in a trading range. Although the medium term moving averages generally favor the longs, buyers still have to tread carefully as the longer term uptrend is still not very convincing. Objectively, dips should still be bought but buyers have to be very selective in choosing a level to scale in for e.g. near the 200 SMA currently at 46.85. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "SIMO".

The analyst consensus estimates for the 1 year price target for this stock is $55.21* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 28 Nov 2017
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