10Jul

SuperMicro Computers Inc. (SMCI) Elliott Wave Forecast: Final Wave {v} & $50 Breakout Setup for Bullish SuperMicro Stock Trend Return

SuperMicro Computers Inc. (SMCI) Elliott Wave Analysis - TradingLounge Daily Chart

SMCI Elliott Wave Technical Analysis

FUNCTION: Countertrend

MODE: Corrective

STRUCTURE: Flat

POSITION: Wave {v} of C

DIRECTION: Upward targeting wave {v}

DETAILS: SMCI has experienced a sustained pullback since early 2025. The latest price movement indicates a potential upward wave, completing the correction phase.

Based on the daily Elliott Wave outlook for SuperMicro Computers Inc. (SMCI), the stock is nearing the end of a corrective flat formation. Currently, SMCI is progressing through wave {v} of C, which likely marks the final upward leg in the correction. This move is expected to complete the countertrend phase and potentially signal a return to the prevailing larger trend. The setup favors bullish momentum as wave {v} advances.

SMCI-d-us-stock-char...


SuperMicro Computers Inc. (SMCI) Elliott Wave Analysis - TradingLounge 1H Chart

SMCI Elliott Wave Technical Analysis

FUNCTION: Countertrend

MODE: Corrective

STRUCTURE: Flat

POSITION: Wave (ii) of {v}

DIRECTION: Upside move into wave (iii)

DETAILS: Wave (ii) seems complete. A breakout above the $50 level would validate the next upward leg.

On the 1-hour chart, SMCI appears to have concluded wave (ii) of {v} and is transitioning into wave (iii). The price is approaching the $50 level, a critical resistance-turned-support zone. Sustaining above this threshold will strengthen the bullish wave count and support the projection of wave (iii) continuation. This development could drive momentum for the final advance in wave C and enhance the near-term bullish outlook for SMCI.

Technical Analyst: Alessio Barretta

Visit: TradingLounge.com for detailed analysis and market updates.

Previous: The Walt Disney Co. (DIS) Elliott Wave Technical Analysis

VALUE Offer - $1 for 2 Weeks then $29 a month!Click here

Access 7 Analysts Over 200 Markets Covered. Chat Room With Support

SMCI-1h-us-stock-cha...

Related

TXN Elliott Wave Technical Analysis: Understanding Texas Instruments Inc. Stock Trends and Chart Analysis

TXN Elliott Wave Technical Analysis: Understanding Texas Instruments Inc. Stock Trends and Chart Analysis

Dive into comprehensive TXN Elliott Wave analysis to uncover trends, forecasts, and trading strategi...

Read More >
WTI Crude Oil Elliott Wave Technical Analysis: Key Resistance and Support Levels, and Technical Insights for Market Trends

WTI Crude Oil Elliott Wave Technical Analysis: Key Resistance and Support Levels, and Technical Insights for Market Trends

WTI crude oil's Elliott Wave patterns, highlight a potential move toward $80 while remaining in ...

Read More >
TASI Index Elliott Wave Technical Analysis: Detailing its Current and Projected Market Movements.

TASI Index Elliott Wave Technical Analysis: Detailing its Current and Projected Market Movements.

This article provides an in-depth Elliott Wave analysis of the TASI Index, detailing its current and...

Read More >
NIFTY 50 Elliott Wave Technical Analysis: Expanded Flat Correction Nears 25,000-25,100, Key Support at 22,700

NIFTY 50 Elliott Wave Technical Analysis: Expanded Flat Correction Nears 25,000-25,100, Key Support at 22,700

The NIFTY 50 Index is currently in a corrective wave phase, moving towards 25,000-25,100 as part of ...

Read More >
WTI Crude Oil Forecast and Elliott Wave Technical Analysis - Market Trends and Trading Strategies

WTI Crude Oil Forecast and Elliott Wave Technical Analysis - Market Trends and Trading Strategies

Explore in-depth Elliott Wave analysis of WTI crude oil, including current market trends, price pred...

Read More >

$1 for 2 Weeks

then $29 a month!

What a Special Offer!

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering 250+ markets:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competitive edge with expert insights and AI-powered Elliott Wave charting into:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Real-time Chat rooms
  • Elliott Wave Algorithm
  • Portfolio tools
  • TradingLevels
  • Screener
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on