$SUPER MICRO COMPUTER INC(SMCI)$
Kia ora Tiger traders! 🚀🐯
Buckle up for an exciting ride with $SMCI! This stock has been on quite the roller coaster, and there's plenty to talk about. Let's dive into the latest insights and technical indicators to keep you ahead of the game. 💹
Key Levels and Short-term Outlook:
- Current Status: $SMCI closed at $796.78, down 0.60% from the previous close. 📉
- Highs: Reached $821.92 but couldn’t break $960 on the upside. 🚫
- Lows: Bounced at $774, signalling potential for a short-term rise to $815-830, where selling might be wise. 📈
Technical Indicators:
1. MACD: Currently in a bearish phase, indicating potential further downside. Stay alert! 📊
2. RSI: Nearing oversold territory, suggesting a short-term bounce. This aligns with a potential rise before a further dip. 🔄
3. Bollinger Bands: Testing the lower band, signalling increased volatility and potential reversal points. ⚡
4. Stochastic Oscillator: Indicates oversold conditions, supporting the short-term rebound scenario. 🛠️
5. Fibonacci Levels: Suggest resistance around $815-830, a sell zone before potentially testing lower supports around $740 and $600. 📏
6. Candlesticks: Recent patterns indicate a head and shoulders breakdown, with rejection at $910-920 being a critical signal to shift from calls to puts. 🔥
Mid-term Outlook:
- Breakdown: If $SMCI breaks below $774, it could test $740 and possibly go down to the 600s, presenting a buying opportunity before earnings. 📉
Latest News:
1. Joining the Nasdaq-100 Index: As of July 22, 2024, Super Micro Computer Inc. ($SMCI) will officially become a component of the Nasdaq-100 Index, replacing Walgreens Boots Alliance Inc. This inclusion is a significant milestone and indicates the company's growing influence and performance in the tech sector【 [oai_citation:1,Super Micro Computer Inc. to Join the Nasdaq-100 Index® Beginning July 22, 2024 | Nasdaq](https://www.nasdaq.com/press-release/super-micro-computer-inc-join-nasdaq-100-indexr-beginning-july-22-2024-2024-07-12) [oai_citation:2,Super Micro Computer, Inc. - Supermicro Adding 3 New Manufacturing Facilities in Silicon Valley and Globally to Support the Growth of AI and Enterprise Rack Scale Liquid-Cooled Solutions](https://ir.supermicro.com/news/news-details/2024/Supermicro-Adding-3-New-Manufacturing-Facilities-in-Silicon-Valley-and-Globally-to-Support-the-Growth-of-AI-and-Enterprise-Rack-Scale-Liquid-Cooled-Solutions/default.aspx)
2. New Manufacturing Facilities: Supermicro is expanding its manufacturing footprint with three new facilities in Silicon Valley and globally. These new campuses will focus on delivering liquid-cooled solutions, essential for supporting the growth of AI and enterprise rack-scale applications. This expansion aims to double the current capacity of AI SuperClusters shipped per month, highlighting Supermicro's commitment to innovation and sustainability【 [oai_citation:3,Super Micro Computer, Inc. - Supermicro Adding 3 New Manufacturing Facilities in Silicon Valley and Globally to Support the Growth of AI and Enterprise Rack Scale Liquid-Cooled Solutions](https://ir.supermicro.com/news/news-details/2024/Supermicro-Adding-3-New-Manufacturing-Facilities-in-Silicon-Valley-and-Globally-to-Support-the-Growth-of-AI-and-Enterprise-Rack-Scale-Liquid-Cooled-Solutions/default.aspx)
3. AI and Sustainability Initiatives: CEO Charles Liang recently discussed the company's initiatives to reduce the environmental impact of data centers by promoting liquid-cooled technologies. These advancements are crucial for improving performance and efficiency in AI processing while lowering operational costs and electricity consumption【 [oai_citation:4,Super Micro Computer, Inc. - Supermicro Adding 3 New Manufacturing Facilities in Silicon Valley and Globally to Support the Growth of AI and Enterprise Rack Scale Liquid-Cooled Solutions](https://ir.supermicro.com/news/news-details/2024/Supermicro-Adding-3-New-Manufacturing-Facilities-in-Silicon-Valley-and-Globally-to-Support-the-Growth-of-AI-and-Enterprise-Rack-Scale-Liquid-Cooled-Solutions/default.aspx)
Fun Fact:
Did you know $SMCI once hit a 52-week high of $1229.00? Talk about volatility! ⚡📉
Analyst Insights:
- Recent downgrade by Nomura from "Buy" to "Neutral." 👀
- Maintained "Neutral" by Goldman Sachs and Wedbush. 📊
- Mixed ratings with some maintaining "Buy" and others "Equal-Weight." ⚖️
Historical Trend:
Recently, $SMCI experienced resistance around the $910-920 levels, signaling a potential bearish reversal. This level acted as a significant barrier, prompting traders to consider shifting from call options to put options as the stock showed signs of a downward trend.
Keep an eye on SMCI, a stock with highs and lows, watch $815-830, where the selling flows.
Below $774, a dip to $740 or $600's we see, a buying chance before earnings, just might be!
Stay sharp and swift, with charts in your sight, Trade smartly, Tiger traders, to make your future bright! 📊✨
Happy trading ahead! Cheers, BC 🍀
@TigerGPT @Daily_Discussion @CaptainTiger @MillionaireTiger @Tiger_comments @TigerStars @Alex Puffin On Two Smokes @TigerOptions @Tiger_Earnings
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Super Micro Computer Inc. (SMCI) Stock Analysis
1. Business Overview and Industry Growth:Super Micro Computer Inc. is a leading provider of high-performance, high-efficiency server and storage solutions. The company designs, develops, and manufactures application-optimized server solutions based on a modular and open architecture. Super Micro Computer operates in the technology industry, which is expected to continue growing as demand for data centers and cloud computing services increases.
2. Earnings Analysis:
Latest Earnings: In the latest earnings report (2024Q3), Super Micro Computer reported an EPS of $7.13. The company achieved a gross profit margin of 15.52% and a net profit margin of 10.45%. The return on investment was 18.06%.
Earnings Forecast: The earnings forecast for Super Micro Computer indicates potential growth. The forecasted EPS for 2025FY is $34.18, with a forecasted gross income of $24.13 billion. The forecasted EPS for 2026FY is $41.83, with a forecasted gross income of $28.89 billion.
3. Recent Trends and Technical Indicators:
Capital Flow: The recent 5-day capital flow data shows mixed inflow and outflow, indicating some volatility in investor sentiment.
Support and Resistance Levels: The support price on July 19th was $715.0, and the resistance price was $858.0. The stock price on July 22nd was $796.78, indicating it is currently trading below the resistance level.
4. Analyst Insights:
Target Price: Analysts have provided target price estimates for Super Micro Computer. The mean target estimate is $1026.50, with a low estimate of $325.0 and a high estimate of $1500.0.
Analyst Recommendations: Among the analysts, 3 recommend, 8 buy, 5 hold, and 1 underperform the stock.
5. News Impact:
Recent Downgrade: Nomura downgraded Super Micro Computer from "Buy" to "Neutral." This downgrade may have influenced investor sentiment.
Mixed Ratings: Goldman Sachs and Wedbush maintained a "Neutral" rating, while other analysts have maintained "Buy" or "Equal-Weight" ratings.
Please note that the above analysis is for informational purposes only and should not be considered as investment advice. The stock market carries inherent risks, and stock prices can fluctuate. It is important to conduct independent research and analysis before making investment decisions.