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Stock Trend Analysis Report

Prepared for you on Saturday, June 22, 2024.

Silicon Motion Technology Corporation - American Depositary Shares, each representing four ordinary shares (NASDAQ:SIMO)

Countertrend Up (+85) - SIMO is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid SIMO?

MarketClub looks at technical strength and momentum to determine if the timing is right for SIMO.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_SIMO
Open High Low SIMO Price Change
83.0500 83.6300 80.8034 82.5000 -0.7700
Entry Signal

MarketClub’s Trade Triangles for SIMO

long term up The long-term trend has been UP since Dec 22nd, 2023 at 60.7332

intermediate term up The intermediate-term trend has been UP since May 23rd, 2024 at 81.6000

short term down The short-term trend has been DOWN since Jun 21st, 2024 at 82.0420

Smart Scan Analysis for SIMO

Based on our trend formula, SIMO is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for SIMO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
83.0500 83.6300 80.8034 82.5000 -0.7700
Prev. Close Volume Bid Ask Time
82.4900 428727 2024-06-21 15:59:41
Year High61.85Year High Date2018-08-15
Year Low31.73Year Low Date2018-11-20
52wk High95.3352wk High Date2023-07-26
52wk Low49.552wk Low Date2023-09-28
Year End Close14.22Average Volume393,916
Shares Outstanding30,653Short Interest1,074,579
% Institutional9.4Market Cap1,266M
Assets961,482,000MLiabilities267,125,000M
P/E Ratio43.9629Beta2.12
Volatility61.88
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