Technical Analysis
Based on recent price action, SITM has shown a significant downward trend, falling from $181.99 to $176.50 in the latest trading session, with current after-hours price at $173.28. Technical indicators suggest bearish momentum:
- RSI-14 at 39.37 indicates oversold conditions
- MACD is negative at -14.02 with bearish divergence
- Stochastic K(26.92) and D(21.08) lines show downward momentum
- Price trading below SMA-20 ($197.87) and SMA-60 ($218.79)
News Impact
Recent analyst updates present mixed signals:
- Barclays raised price target to $180 from $160 but maintains Underweight rating
- Multiple analysts have increased targets ranging from $250-$270
- Strong Q4 2024 results with revenue of $68.1M, up 61% YoY
Price Prediction (Next Week)
Based on technical and fundamental factors:
- Support levels: $164.71 (Fibonacci S1)
- Resistance levels: $188.90 (Fibonacci pivot)
- Target price range: $165-170
Trading Recommendation: SELL
- Current bearish momentum and technical indicators suggest further downside
- Despite positive analyst revisions, price action remains weak
- Recommended to exit positions at current levels and wait for better entry points below $165
Technical Analysis
Based on recent price action, SITM has shown a significant downward trend, falling from $181.99 to $176.50 in the latest trading session, with current after-hours price at $173.28. Technical indicators suggest bearish momentum:
- RSI-14 at 39.37 indicates oversold conditions
- MACD is negative at -14.02 with bearish divergence
- Stochastic K(26.92) and D(21.08) lines show downward momentum
- Price trading below SMA-20 ($197.87) and SMA-60 ($218.79)
News Impact
Recent analyst updates present mixed signals:
- Barclays raised price target to $180 from $160 but maintains Underweight rating
- Multiple analysts have increased targets ranging from $250-$270
- Strong Q4 2024 results with revenue of $68.1M, up 61% YoY
Price Prediction (Next Week)
Based on technical and fundamental factors:
- Support levels: $164.71 (Fibonacci S1)
- Resistance levels: $188.90 (Fibonacci pivot)
- Target price range: $165-170
Trading Recommendation: SELL
- Current bearish momentum and technical indicators suggest further downside
- Despite positive analyst revisions, price action remains weak
- Recommended to exit positions at current levels and wait for better entry points below $165