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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 SLAB
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Silicon Laboratories stock upgraded to Hold/Accumulate.
(Updated on Jun 18, 2024)

Hold candidate since Jun 18, 2024 PDF

The Silicon Laboratories stock price fell by -0.80% on the last day (Tuesday, 18th Jun 2024) from $119.45 to $118.49. During the last trading day the stock fluctuated 2.45% from a day low at $117.28 to a day high of $120.15. The price has fallen in 7 of the last 10 days and is down by -2.68% for this period. Volume has increased on the last day by 65 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 327 thousand shares were bought and sold for approximately $38.77 million.

The stock lies in the middle of a 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 -8.92% during the next 3 months and, with a 90% probability hold a price between $96.95 and $120.42 at the end of this 3-month period.

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SLAB Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 1.06%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Silicon Laboratories stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $119.17 and $124.19. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Silicon Laboratories stock

Silicon Laboratories finds support from accumulated volume at $117.50 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 $2.87 between high and low, or 2.45%. For the last week, the stock has had daily average volatility of 2.94%.

Our recommended stop-loss: $112.42 (-5.12%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 20 days ago.)

Trading Expectations (SLAB) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Silicon Laboratories to open at $118.64, and during the day (based on 14 day Average True Range), to move between $114.37 and $122.61, which gives a possible trading interval of +/-$4.12 (+/-3.48%) up or down from last closing price. If Silicon Laboratories takes out the full calculated possible swing range there will be an estimated 6.96% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $118.93 (0.37%) than the support at $117.50 (0.84%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Silicon Laboratories stock A Buy?

Silicon Laboratories holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.764 Hold/Accumulate Upgraded

Predicted Opening Price for Silicon Laboratories of Thursday, June 20, 2024

Fair opening price June 20, 2024 Current price
$118.64 ( 0.127%) $118.49

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

Trading levels for SLAB

Fibonacci Support & Resistance Levels

Level Price
R3 121.51 2.55%
R2 120.41 1.62%
R1 119.74 1.05%
Price 118.49
S1 117.54 -0.799%
S2 116.87 -1.37%
S3 115.77 -2.30%

Accumulated Volume Support & Resistance Levels

Level Price
R3 125.41 5.84%
R2 121.82 2.81%
R1 118.93 0.371%
Price 118.49
S1 117.50 -0.84%
S2 115.19 -2.79%
S3 114.26 -3.57%

FAQ

What is the symbol for Silicon Laboratories Stock and on which exchange is it traded?
The symbol for Silicon Laboratories is SLAB and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Silicon Laboratories Stock?
Silicon Laboratories holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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 Silicon Laboratories Stock?
Silicon Laboratories Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Silicon Laboratories Stock.

What's the current price of Silicon Laboratories Stock?
As of the end of day on the Jun 18, 2024, the price of an Silicon Laboratories (SLAB) share was $118.49.

What is the 52-week high and low for Silicon Laboratories Stock?
The 52-week high for Silicon Laboratories Stock is $166.94 and the 52-week low is $74.56.

What is the market capitalization of Silicon Laboratories Stock?
As of the Jun 18, 2024, the market capitalization of Silicon Laboratories is 3.783B.

When is the next earnings date for Silicon Laboratories?
The upcoming earnings date for Silicon Laboratories is Jul 24, 2024.
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About Silicon Laboratories

Silicon Laboratories Silicon Laboratories Inc., a fabless semiconductor company, provides various analog-intensive mixed-signal solutions in the United States, China, and internationally. The company's products include wireless microcontrollers and sensor products. Its products are used in various electronic products in a range of applications for the Internet of Things (IoT), including connected home and security, industrial automation and control, smart metering, s... SLAB Profile

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