SMCI Elliott Wave Analysis: SuperMicro Computers Inc. Stock Trend Overview

This analysis delves into the current trend structure of SuperMicro Computers Inc. (SMCI) using Elliott Wave Theory on both the daily and 1-hour charts. The following breakdown provides insights into the stock's position and potential future movements.

SMCI Elliott Wave Analysis: Daily Chart Overview

SuperMicro Computers Inc. (SMCI) Daily Chart

SMCI Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Flat

Position: Intermediate (4)

Direction: Bottom in wave (4)

Details: The possibility of a bottom forming in wave (4) is being explored, which concluded with an ending diagonal in wave C of (4).

Daily Chart Analysis: Elliott Wave Interpretation

On the daily chart, SMCI seems to have finished a corrective Intermediate wave (4), marked by an ending diagonal in wave C of (4). This pattern indicates that the correction phase could be near its end, suggesting the potential for a bullish shift as wave (5) begins to emerge.

SMCI Elliott Wave Analysis: 1-Hour Chart Overview

SuperMicro Computers Inc. (SMCI) 1-Hour Chart

SMCI Stock Technical Analysis

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave (i) of {i}

Direction: Upside in wave (i)

Details: A five-wave subdivision within wave (i) is being observed, with the stock currently in the final stages of a triangle in wave iv.

1-Hour Chart Analysis: Elliott Wave Interpretation

On the 1-hour chart, SMCI is progressing through wave (i) of {i}, with a clear five-wave subdivision visible within this impulsive wave. The stock appears to be in the final stages of a triangle formation in wave iv, signaling the possibility of an imminent breakout that could complete wave (v) of (i), potentially driving prices higher.

Technical Analyst: Alessio Barretta

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See Previous: Texas Instruments Inc. Elliott Wave Technical Analysis

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