Medium Term buy on SITM.Criteria onside.
Narative onside.
Macro supports the trade.
non leveraged buy without stops. Manual exit if macro picture changes.
SITM trade ideas
SITIME CORP - RectangleThe prices are bouncing in the rectangle. Had reached the top. To continue downards. Expected take profit level at 100 dollars level.
SITIME Stock Chart Fibonacci Analysis 122123 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 126/61.80%
Chart time frame : C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
$SITM is ready for the summer tripNASDAQ:SITM ::90::210::130%::3 months
Good potential for the next months.
Does not constitute a recommendation
#investing #stocks #idea #forecast #furoreggs
$SITM New Market Leader?$SITM just reported earnings on Aug 4th and blew it out of the water. We have an earnings gap and a nice resting day. This is on my watch list to see how it acts next week. I have put what I think are relevant notes on the chart. I am looking for a pullback over the next days or weeks. For my trading style this looks too extended for an entry now. I'd like to see a pullback to near the bottom of the gap up and then start a move back up where I'd look for a logical entry. If it drops and fills the gap it's off my list. Ideas, not investing / trading advice.
The EPS, ANTS and RS Line Indicators courtesy of @JohnMuchow on @TradingView
From earningswhispers.com:
Sitime (SITM) reported 2nd Quarter June 2021 earnings of $0.10 per share on revenue of $44.5 million. The consensus estimate was a loss of $0.14 per share on revenue of $40.0 million. Revenue grew 107.2% on a year-over-year basis.
SiTime Corporation is a market leader in silicon MEMS timing.
SITM Hits Support, Should Start to Bounce BackSiTime Corp shares were hit particularly hard by this recent tech crash, but with rising profits and room to grow, I feel like this company could easily bounce back. They make products that are used throughout the world in electronics of all kinds. In addition to that, you also see that they found three different old support levels recently. I am very bullish on this one for the long and short term. Good Luck!
SITM Shares Likely to Fall This WeekSiTime Corporation is still producing strong products that help with technologies across the board. They are still a stellar long term investment, but as you can see in the chart, SITM shares have capped off at the top of the linear regression channel. Look to pull out Monday and re enter once they fall below 110.
SiTime makes the digital world go roundIf you have ever done an electronics project, you probably either built your own large timing circuit or utilized a quartz-based crystal oscillator in a square silver package with four legs. An oscillator is used in some form in most every electronic device you use.
Think of the computer in front of you. It likely has a dozen or more oscillators integrated into the core processor, memory, wireless radio, LCD screen, trackpad or mouse, and all the components that coordinate between these parts. Each needs an accurate way to generate frequencies and measure time.
Beyond the computer are devices as simple as a stylus for a tablet computer, the tiny wireless earbuds for music, a smart watch and programmable lightbulbs. And there are devices as complicated as new all-electric autonomous-driving cars, airplanes, satellites and rockets. All of these devices are requiring smaller and smaller components.
And that's the whole game with the semiconductor industry. Smaller. Faster. Cheaper. And with timing solutions it's also about More Accurate. Timing solutions are tricky, because they have always been very sensitive to vibration, temperature, and other jitters that cause inaccuracy. Quartz has been able to handle most of these applications up to a point, but its running into several limitations:
1) Quartz is sensitive to extreme temperature and vibration
2) It requires a ceramic container that increases its size
3) They are built for a specific purpose and lack programmability for new uses
MEMS Timing Solutions
That's where MEMS timing solutions come into play. MEMS stands for MicroElectroMechanical System. A MEMS solution is anything that combines mechanical moving parts with electronic signals in a very small device. MEMS circuits that you see every day include displays, tiny microphones (in your phone), accelerometers.
MEMS timing solutions have been in research and development since the 1960s, but the first commercialized product was sold by SiTime in 2006. Since then, SiTime has been 'chip'ping away at quartz oscillator solutions to gain market share. But recently, there has been increasing demand for MEMS solutions. Here's just a few:
1) Smaller and smaller devices
2) Devices used at extreme temperatures
3) Industrial devices that endure high vibration
4) High frequency radios required for 5G
5) Low latency for things like natural stylus writing
SiTime
1) First Commercialized MEMS Oscillator in 2006
2) Competitive strengths in Performance, Size, Low Power, Programmable, Quality/Reliability, Rapid TTM
3) Market Cap: $1.9 billion
4) Shares in Float: 5.4m (of 16.9m)
5) 143 Employees at end of 2019
6) 59 patents for MEMS manufacturing and design
7) EPS last three quarters: -0.14, -0.14, +0.23
8) YoY Sales last three quarters: 47%, 36%, 29%
Technical
1) Up 590% since IPO in November, 2019
2) 5.5% down from all-time high on December 17
3) Deep cup and handle formation from early November
ATR Buy Point
Buy Point: 114.56 (last daily high + 10)
Stop Loss: 97.58 (14.82% based on 10d ATR x2.7)
Position Size: R6.75
BREAKOUT CUP AND HIGH VOLUM BUY SITM ABOUT 105.50$Shareholders of SiTime Corporation (NASDAQ:SITM) will be pleased this week, given that the stock price is up 14% to US$95.56 following its latest quarterly results. It looks like a positive result overall, with revenues of US$33m beating forecasts by 3.7%. Statutory losses of US$0.04 per share were roughly in line with what the analysts had forecast. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on SiTime after the latest results.
1% CAPITAL
SITM 0.618 Support BuyLooking to jump in on the uptrend.
0.618 Fib is at a price support and near uptrend line.
Not really using the TTM or RSI indicators for this.
