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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 2024-09-30 View latest technical analysis

10 day averaged volume of Silicon Motion is 342000

Date	Daily Closing Price	Open	High	Low	Volume
30 Mon Sep 2024	60.74	60.44	61.36	60.00	0.738 times
27 Fri Sep 2024	60.59	61.47	61.60	59.89	0.813 times
26 Thu Sep 2024	61.47	61.13	62.34	60.15	1.213 times
25 Wed Sep 2024	57.09	56.50	57.38	56.22	0.55 times
24 Tue Sep 2024	56.95	55.68	57.11	55.55	0.627 times
23 Mon Sep 2024	54.94	55.10	55.99	54.64	0.549 times
20 Fri Sep 2024	54.97	55.21	56.04	54.76	0.74 times
19 Thu Sep 2024	55.86	56.50	56.69	55.43	2.271 times
18 Wed Sep 2024	55.19	56.50	56.76	55.13	0.775 times
17 Tue Sep 2024	56.50	56.60	57.64	56.10	0.841 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 59.7, but if it comes below 59.7, then a intra day sell could be more profitable.
If you take a sell trade below 59.7, then use 59.7 as stoploss and 57.77 as target. However if you take a buy trade in stock , then use 59.7 as stoploss and 61.9 as target.

Share price targets for Silicon Motion (SIMO)

Target Type	Value
Downside Target	54.64
Downside Target	56.34
Downside Target	59.06
Upside Target	62.65
Upside Target	66.61
Upside Target	69.67
Upside Target	71.56
Upside Target	77.01
Upside Target	81.97
Upside Target	85.00
Upside Target	85.87

Intraday share price targets for Silicon Motion (SIMO)

Target Type	Value
Downside Intraday Target	60.04
Downside Intraday Target	59.34
Upside Intraday Target	61.4
Upside Intraday Target	62.06
Downside Intraday Target	60.7

Weekly technical analysis of Silicon Motion (SIMO)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Mon Sep 2024	60.74	60.44	61.36	60.00	0.197 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
13 Fri Sep 2024	59.64	57.08	60.16	56.34	0.826 times
06 Fri Sep 2024	56.92	62.65	62.65	56.40	6.137 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
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
28 Fri Jun 2024	80.99	79.01	85.87	77.01	0.935 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Silicon Motion ( (SIMO) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Silicon Motion in short term but the buy signal is initial and weak.

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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Silicon Motion in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up 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 57.45 and Silicon Motion (SIMO) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.