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 SIMO
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Silicon Motion Technology Corporation stock price up 0.726% on Wednesday
(Updated on Mar 27, 2024)

Buy or Hold candidate since Jan 30, 2024 Gain 22.00% PDF

The Silicon Motion Technology Corporation stock price gained 0.726% on the last trading day (Wednesday, 27th Mar 2024), rising from $75.75 to $76.30. During the last trading day the stock fluctuated 2.18% from a day low at $74.67 to a day high of $76.30. The price has risen in 6 of the last 10 days and is up by 6.19% over the past 2 weeks. Volume fell on the last day by -44 thousand shares and in total, 132 thousand shares were bought and sold for approximately $10.05 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 23.84% during the next 3 months and, with a 90% probability hold a price between $88.41 and $98.02 at the end of this 3-month period.

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SIMO Signals & Forecast

The Silicon Motion Technology Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $76.44. On a fall, the stock will find some support from the long-term average at approximately $71.45. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -2.37%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Silicon Motion Technology Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $66.95 and $65.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Silicon Motion Technology Corporation finds support just below today's level at $66.95. If this is broken, then the next support from accumulated volume will be at $65.00 and $61.15.

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 $1.63 between high and low, or 2.18%. For the last week, the stock has had daily average volatility of 2.62%.

Our recommended stop-loss: $73.28 (-3.96%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (SIMO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Silicon Motion Technology Corporation to open at $75.76, and during the day (based on 14 day Average True Range), to move between $74.61 and $77.99, which gives a possible trading interval of +/-$1.69 (+/-2.21%) up or down from last closing price. If Silicon Motion Technology Corporation takes out the full calculated possible swing range there will be an estimated 4.43% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $76.54 (0.31%) than the support at $66.95 (12.25%), 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 Motion Technology Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Silicon Motion Technology Corporation stock to perform well in the short-term.

Current score: 2.473 Buy Candidate Unchanged

Predicted Opening Price for Silicon Motion Technology Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$75.76 ( 0.712%) $76.30

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

Trading levels for SIMO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 77.39 1.42 %
R2 76.76 0.608 %
R1 76.38 0.104 %
Current price: 76.30
Support S1 75.13 -1.53 %
S2 74.75 -2.03 %
S3 74.13 -2.85 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 78.15 2.42 %
R2 77.71 1.85 %
R1 76.54 0.315 %
Current price 76.30
Support S1 66.95 -12.25%
S2 65.00 -14.81%
S3 61.15 -19.86%

SIMO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Oct 30, 2023 May 08, 2024 May 23, 2024 $0.500 0.655%
2 Oct 30, 2023 Feb 16, 2024 Mar 01, 2024 $0.500 0.693%
3 Oct 30, 2023 Nov 15, 2023 Nov 30, 2023 $0.500 0.85%
4 Jul 14, 2022 Aug 10, 2022 Aug 25, 2022 $0.500 0.634%
5 Apr 19, 2022 May 11, 2022 May 26, 2022 $0.500 0.556%

FAQ

What is the symbol for Silicon Motion Technology Corporation Stock and on which exchange is it traded?
The symbol for Silicon Motion Technology Corporation is SIMO and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Silicon Motion Technology Corporation Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Silicon Motion Technology Corporation stock to perform well in the short-term.

How to buy Silicon Motion Technology Corporation Stock?
Silicon Motion Technology 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 Silicon Motion Technology Corporation Stock.

What's the current price of Silicon Motion Technology Corporation Stock?
As of the end of day on the 2024-03-27, the price of an Silicon Motion Technology Corporation (SIMO) share was $76.30.

What is the 52-week high and low for Silicon Motion Technology Corporation Stock?
The 52-week high for Silicon Motion Technology Corporation Stock is $95.33 and the 52-week low is $49.50.

What is the market capitalization of Silicon Motion Technology Corporation Stock?
As of the 2024-03-27, the market capitalization of Silicon Motion Technology Corporation is 2.531B.

When is the next earnings date for Silicon Motion Technology Corporation?
The upcoming earnings date for Silicon Motion Technology Corporation is May 02, 2024.
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About Silicon Motion Technology Corporation

Silicon Motion Technology Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices. It offers controllers for computing-grade solid state drives (SSDs), which are used in PCs and other client devices; enterprise-grade SSDs used in data centers; eMMC and UFS mobile embedded storage for use in smartphones and IoT devices; flash memory cards and flash drives for use in expanda... SIMO Profile

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