RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SITM
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SiTime Corporation stock upgraded to Hold/Accumulate.
(Updated on Mar 28, 2024)

Hold candidate since Mar 28, 2024 PDF

The SiTime Corporation stock price gained 2.35% on the last trading day (Thursday, 28th Mar 2024), rising from $91.09 to $93.23. During the last trading day the stock fluctuated 4.45% from a day low at $91.37 to a day high of $95.44. The price has risen in 6 of the last 10 days and is up by 6.94% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 thousand more shares were traded than the day before. In total, 126 thousand shares were bought and sold for approximately $11.74 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -25.44% during the next 3 months and, with a 90% probability hold a price between $58.72 and $79.59 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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SITM Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 10.82%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SiTime Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $97.77. On a fall, the stock will find some support from the short-term average at $92.17. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for SiTime Corporation stock

SiTime Corporation finds support from accumulated volume at $92.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $4.07 between high and low, or 4.45%. For the last week, the stock has had daily average volatility of 3.80%.

Our recommended stop-loss: $89.41 (-4.10%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (SITM) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect SiTime Corporation to open at $93.35, and during the day (based on 14 day Average True Range), to move between $89.00 and $97.46, which gives a possible trading interval of +/-$4.23 (+/-4.53%) up or down from last closing price. If SiTime Corporation takes out the full calculated possible swing range there will be an estimated 9.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $92.50 (0.78%) than the resistance at $103.52 (11.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is SiTime Corporation stock A Buy?

SiTime Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.259 Hold/Accumulate Upgraded

Predicted Opening Price for SiTime Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$93.35 ( 0.123%) $93.23

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SITM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 97.41 4.48 %
R2 95.86 2.82 %
R1 94.90 1.79 %
Current price: 93.23
Support S1 91.79 -1.54 %
S2 90.83 -2.57 %
S3 89.28 -4.24 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 115.54 23.93 %
R2 107.60 15.41 %
R1 103.52 11.04 %
Current price 93.23
Support S1 92.50 -0.783%
S2 91.19 -2.19%
S3 84.13 -9.76%

FAQ

What is the symbol for SiTime Corporation Stock and on which exchange is it traded?
The symbol for SiTime Corporation is SITM and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell SiTime Corporation Stock?
SiTime Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy SiTime Corporation Stock?
SiTime Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy SiTime Corporation Stock.

What's the current price of SiTime Corporation Stock?
As of the end of day on the 2024-03-28, the price of an SiTime Corporation (SITM) share was $93.23.

What is the 52-week high and low for SiTime Corporation Stock?
The 52-week high for SiTime Corporation Stock is $142.35 and the 52-week low is $81.10.

What is the market capitalization of SiTime Corporation Stock?
As of the 2024-03-28, the market capitalization of SiTime Corporation is 2.129B.

When is the next earnings date for SiTime Corporation?
The upcoming earnings date for SiTime Corporation is May 01, 2024.
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About SiTime Corporation

SiTime SiTime Corporation designs, develops, and sells silicon timing systems solutions in Taiwan, Hong Kong, the United States, and internationally. The company provides resonators and clock integrated circuits, and various types of oscillators. Its solutions have applications in various markets, including communications and enterprise, automotive, industrial, Internet of Things, mobile, consumer, and aerospace and defense. The company sells its timing... SITM Profile

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