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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 2024-11-05 View latest technical analysis

10 day averaged volume of Silicon Motion is 233290

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	53.94	52.09	54.68	52.01	0.969 times
04 Mon Nov 2024	52.29	52.76	53.26	51.92	0.692 times
01 Fri Nov 2024	52.78	53.51	54.06	52.15	1.039 times
31 Thu Oct 2024	53.81	55.30	56.56	52.43	2.905 times
30 Wed Oct 2024	56.01	56.82	57.25	55.98	0.991 times
29 Tue Oct 2024	57.83	56.42	58.00	56.30	1.033 times
28 Mon Oct 2024	56.70	55.90	57.65	55.66	0.999 times
25 Fri Oct 2024	56.06	56.94	57.41	56.00	0.802 times
24 Thu Oct 2024	56.24	56.14	56.44	55.79	0.377 times
23 Wed Oct 2024	55.76	56.59	57.13	55.56	0.577 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 54.4, but if it comes above 54.4, then a intra day buy could be more profitable.
If you take a sell trade below 54.4, then use 54.4 as stoploss and 51.8 as target. However if you take a buy trade in stock , then use 54.4 as stoploss and 56.52 as target.

Share price targets for Silicon Motion (SIMO)

Target Type	Value
Downside Target	51.92
Upside Target	54.64
Upside Target	56.73
Upside Target	59.00
Upside Target	60.63
Upside Target	62.30
Upside Target	62.65
Upside Target	66.61
Upside Target	69.67
Upside Target	85.00

Intraday share price targets for Silicon Motion (SIMO)

Target Type	Value
Downside Intraday Target	52.35
Downside Intraday Target	50.75
Upside Intraday Target	55.11
Upside Intraday Target	56.27
Downside Intraday Target	53.51

Weekly technical analysis of Silicon Motion (SIMO)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	53.94	52.76	54.68	51.92	0.238 times
01 Fri Nov 2024	52.78	55.90	58.00	52.15	2.151 times
25 Fri Oct 2024	56.06	55.90	57.41	55.56	0.63 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

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
05 Tue Nov 2024	53.94	53.51	54.68	51.92	0.122 times
31 Thu Oct 2024	53.81	60.57	62.30	52.43	0.911 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

Scroll below to view daily charts

Price has moved up 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 moving up

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 54.88 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.