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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 2024-10-22 View latest technical analysis

10 day averaged volume of Silicon Motion is 223700

Date	Daily Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	57.00	57.06	57.22	56.37	0.61 times
21 Mon Oct 2024	57.15	55.90	57.38	55.71	0.937 times
18 Fri Oct 2024	55.94	56.68	57.02	55.56	0.978 times
17 Thu Oct 2024	56.21	57.00	57.67	56.00	1.399 times
16 Wed Oct 2024	56.32	58.10	58.10	56.00	1.747 times
15 Tue Oct 2024	57.27	59.19	59.27	57.25	0.818 times
14 Mon Oct 2024	59.20	60.13	60.63	59.20	0.418 times
11 Fri Oct 2024	59.93	59.75	60.76	59.50	0.499 times
10 Thu Oct 2024	60.25	59.10	60.44	59.00	1.291 times
09 Wed Oct 2024	59.79	60.19	60.56	59.41	0.775 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 57.2, but if it comes above 57.2, then a intra day buy could be more profitable.
If you take a sell trade below 57.2, then use 57.2 as stoploss and 55.1 as target. However if you take a buy trade in stock , then use 57.2 as stoploss and 59.06 as target.

Share price targets for Silicon Motion (SIMO)

Target Type	Value
Downside Target	54.64
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	56.01
Downside Intraday Target	55.03
Upside Intraday Target	57.68
Upside Intraday Target	58.37
Downside Intraday Target	56.7

Weekly technical analysis of Silicon Motion (SIMO)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	57.00	55.90	57.38	55.71	0.289 times
18 Fri Oct 2024	55.94	60.13	60.63	55.56	1.205 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

Price has moved up 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
22 Tue Oct 2024	57.00	60.57	62.30	55.56	0.594 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 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 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 losing 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 weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Silicon Motion in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 57.61 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.