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(SIMO) Silicon Motion complete technical analysis [charts+indicators] | Buy/Sell Silicon Motion | (SIMO) share price targets

Complete technical analysis of Silicon Motion (SIMO) by charts plus indicators, forecast predictions and share price targets for Silicon Motion (SIMO)

Silicon Motion trades in USA in Technology sector.

Showing technical analysis as on 2024-10-16 View latest technical analysis

10 day averaged volume of Silicon Motion is 185130

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	56.32	58.10	58.10	56.00	2.111 times
15 Tue Oct 2024	57.27	59.19	59.27	57.25	0.988 times
14 Mon Oct 2024	59.20	60.13	60.63	59.20	0.506 times
11 Fri Oct 2024	59.93	59.75	60.76	59.50	0.603 times
10 Thu Oct 2024	60.25	59.10	60.44	59.00	1.559 times
09 Wed Oct 2024	59.79	60.19	60.56	59.41	0.937 times
08 Tue Oct 2024	60.19	61.27	62.30	60.13	1.374 times
07 Mon Oct 2024	60.20	61.14	61.58	59.80	0.902 times
04 Fri Oct 2024	61.14	62.09	62.30	60.59	1.236 times
03 Thu Oct 2024	60.99	59.72	61.03	59.72	0.871 times

Stock of Silicon Motion (SIMO) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 56.8, but if it comes above 56.8, then a intra day buy could be more profitable.
If you take a sell trade below 56.8, then use 56.8 as stoploss and 54.3 as target. However if you take a buy trade in stock , then use 56.8 as stoploss and 58.88 as target.

Share price targets for Silicon Motion (SIMO)

Target Type	Value
Downside Target	54.64
Downside Target	56.00
Upside Target	58.31
Upside Target	60.63
Upside Target	62.30
Upside Target	62.34
Upside Target	62.65
Upside Target	66.61
Upside Target	69.67
Upside Target	77.01
Upside Target	85.00
Upside Target	85.87

Intraday share price targets for Silicon Motion (SIMO)

Target Type	Value
Downside Intraday Target	54.67
Downside Intraday Target	53.02
Upside Intraday Target	59.3
Upside Intraday Target	62.28
Upside Intraday Target	57.65

Weekly technical analysis of Silicon Motion (SIMO)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	56.32	60.13	60.63	56.00	0.671 times
11 Fri Oct 2024	59.93	61.14	62.30	59.00	0.934 times
04 Fri Oct 2024	61.14	60.44	62.30	58.31	0.831 times
27 Fri Sep 2024	60.59	55.10	62.34	54.64	0.6 times
20 Fri Sep 2024	54.97	58.37	59.06	54.76	2.393 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Silicon Motion (SIMO)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	56.32	60.57	62.30	56.00	0.438 times
30 Mon Sep 2024	60.74	62.65	62.65	54.64	0.665 times
30 Fri Aug 2024	63.57	68.76	69.67	56.73	1.067 times
31 Wed Jul 2024	69.44	81.00	85.00	66.61	0.996 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Silicon Motion (SIMO)

Price action analysis of Silicon Motion ( (SIMO) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Silicon Motion ( (SIMO) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Silicon Motion ( (SIMO) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Silicon Motion stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Silicon Motion in short term and the sell signal is strong.

Silicon Motion Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Silicon Motion in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Silicon Motion is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 59.28 and Silicon Motion (SIMO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Silicon Motion (SIMO) stock. Volume based technical analysis of Silicon Motion (SIMO) stock is negative.

Silicon Motion Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.