$SUPER MICRO COMPUTER INC(SMCI)$
Kia ora Tiger traders.
SMCI Analysis: Heading for $1080!
π Current Price Action: SMCI closed at $895.61 with an after-hours increase to $897.50 on 9 July 2024. Overnight, the price has moved up to $904.00.
π Key Indicators:
- MACD: Currently converging, signaling potential momentum change.
- Bollinger Bands: Moderate width, indicating possible upcoming volatility.
- Stochastic Momentum: In the neutral zone, poised for a move.
- Chaikin Money Flow: Slightly positive, showing buying pressure.
- RSI: Stable but nearing overbought territory.
π Market Sentiment: Bullish trends and market conditions suggest a potential rise towards $1080.
π‘ Strategy: Watch for confirmation signals from the indicators above. A break above resistance levels could propel the stock higher.
How do you feel about SMCI? Are you bullish or bearish?
Letβs ride this wave to the moon!
Happy SMCI trading ahead! Cheers, BC π
@TigerOptions @TigerStars @MillionaireTiger @CaptainTiger @TigerWire @Daily_Discussion @Tiger_comments @Tiger_Wealth @Tiger_chat @TigerGPT
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
SMCI Analysis
Business and Industry: Super Micro Computer Inc (SMCI) is a leading provider of high-performance, high-efficiency server and storage solutions. The company designs, develops, and manufactures server solutions that help customers reduce costs, increase energy efficiency, and improve the performance of their data centers. SMCI operates in the technology industry, which is expected to continue growing as the demand for data storage and processing increases.
Earnings Analysis: According to the latest earnings data, SMCI reported an EPS of $7.13 for the third quarter of 2024. The company's gross profit margin was 15.52%, and its net profit margin was 10.45%. The return on investment was 18.06%, indicating efficient use of capital. It's important to note that the return on total assets was not available for this period. Looking ahead, the earnings forecast for SMCI shows an expected EPS of $23.86 for the full year 2024, $33.96 for 2025, and $41.83 for 2026. The forecasted gross income and EBIT are also expected to increase over the forecast period.
Trend Analysis: The current support price for SMCI is $867.0, and the resistance price is $896.0. The stock price as of July 10, 2024, is $895.61. The average cost of the stock is $846.02. These levels can serve as reference points for traders and investors to monitor the stock's price movement.
Valuation Analysis: Analysts have provided target price estimates for SMCI. The mean target price is $1023.42, with a low estimate of $285.0 and a high estimate of $1500.0. It's important to consider these target prices as one of many factors when making investment decisions.
Capital Flow Analysis: The recent capital flow data for SMCI shows mixed trends. Over the past five days, there have been both inflows and outflows of capital. On July 8, there was a significant inflow of $179,182.89K. However, it's important to note that capital flow data can be volatile and should be analyzed in conjunction with other indicators.
Market Sentiment: The overall market sentiment for SMCI is bullish, suggesting a potential rise towards the target price. However, it's important to consider that market conditions can change, and investors should monitor the stock's performance and confirm signals from the key indicators mentioned.
Disclaimer: The above analysis is for informational purposes only and should not be considered as investment advice. Investing in the stock market involves risks, and the prices of stocks can fluctuate. It is important to conduct thorough research and analysis and consult with a financial advisor before making any investment decisions.