MPWR Forecast and Technical Stock AnalysisBuy candidate since 2019-07-18
Monolithic Power Systems gained 2.30% in the last trading day ( Thursday, 18th Jul 2019 ), rising from $142.65 to $145.93 During day the stock fluctuated 2.51% from a day low at $142.91 to a day high of $146.50. The price has risen in 6 of the last 10 days and is up by 7.1% over the past 2 weeks. Volume fell in the last day by -23 615 shares, and in total, 192 241 shares bought and sold for approximately $28.05 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the MPWR stock price was $146.50 and low was $124.18.
- 90 day high was $158.52 and low was $114.84.
- 52 week high for the Monolithic Power Systems - $161.22 and low - $101.99.
Monolithic Power Systems lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $148.64 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.82% during the next 3 months and, with 90% probability hold a price between $104.95 and $139.99 at the end of this period.
Only positive signals in the chart today. Monolithic Power Systems holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $142.90 and $131.89. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday July 08, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
The stock holds a RSI14 at 79 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
Monolithic Power Systems finds support from accumulated volume at $144.97.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $3.59 between high and low, or 2.51%. For the last week, the stock has had a daily average volatility of 2.01%.
The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stoploss: $140.55 (-3.69%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from pivot bottom found 8 days ago.)
2.01 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
|MPWR $145.93 ($3.28 2.30%)|
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