Super Micro Computer (NASDAQ: $SMCI) Faces Critical SupportMarket Movement:
Super Micro Computer, Inc. ( NASDAQ:SMCI ) is experiencing a notable dip, down 2.27% in Monday’s premarket trading. Investors are closely watching the stock as it approaches a critical structural support level within its long-standing symmetrical triangle pattern, a formation that has persisted since March 2024.
Technical Analysis
The symmetrical triangle pattern, marked by converging trendlines, signifies a prolonged phase of consolidation. A significant technical structure has formed, with the baseline aligned with the December 2023 pivot. If NASDAQ:SMCI breaches this support level, the downside potential is substantial, possibly leading to a retracement toward the $17 support level. However, should the stock witness a breakout above the Break of Structure (BOS), it could catalyze a strong rally, aiming for the highs seen in March 2024.
The RSI (Relative Strength Index) currently sits at 40, indicating that the stock is teetering on the edge of bearish sentiment but not yet in oversold territory. The RSI’s ability to maintain this level could determine whether a bounce from support materializes or if further downside pressure ensues. The next few sessions will be pivotal in shaping NASDAQ:SMCI ’s short-term price trajectory.
Recent Earnings Overview
Despite the recent price dip, NASDAQ:SMCI has demonstrated impressive financial performance. The company reported a staggering 109.77% YoY revenue growth, reaching $14.94 billion in 2024, compared to $7.12 billion in the previous year. Earnings also surged by 88.77%, totaling $1.21 billion. These figures reflect strong operational efficiency and growing demand for its high-performance server and storage solutions.
Analyst Forecast & Price Target:
According to 16 analysts, NASDAQ:SMCI holds an average rating of “Hold.” The 12-month price forecast suggests a target of $57.74, implying a potential upside of 102.45% from its latest price. While analysts remain cautiously optimistic, the stock’s future hinges on whether it respects its current support levels or experiences a significant breakdown.
Conclusion:
NASDAQ:SMCI is at a technical crossroads, where a break below the symmetrical triangle’s baseline could signal further downside pressure, while a successful breakout above resistance could reignite bullish momentum. With strong fundamental backing and an impressive growth trajectory, the coming days will be crucial in determining whether the stock can reclaim its bullish potential or succumb to market pressures.
Traders and investors alike should keep a close eye on the Break of Structure (BOS), as it will likely dictate NASDAQ:SMCI ’s next major move in the market.
SMCI trade ideas
SMCI - high potential comes with high riskThere are many complex charts of SMCI on here, I like to keep it simple.
This stock has the potential for gains of 100 - 200 %, but only if there are good news in the next few weeks. As long as there is uncertainty about their accounting and Nasdaq listing, this is a gamble and it could go to 0.
Also considering that the indices are at an ATH and struggeling, I am just observing for now.
From a TA perspective price is still in a falling channel, has gone up in 5 waves and corrected. Therefore a wave 1 and 2 could be in place and next could be a wave 3 to 80$+.
Price is also trading within the lower Fib extensions.
Patience is key here. Better miss some gains than loose it all.
SMCI - the gamble stock you should NOT touch!Since SMCI had issues with the liability of their financial statements the stock lost a lot but is now holding in a critical price range. Large investors are still not ready to buy the stock because the management is not convincing falsifying the accusations of financial fraud. Thats why this stock is extreme dangerous because there is no much backup which can help the stock gaining at this moment and any news could lead to another -10% for a day.
There is no indicator making this to a serious taken stock and not a casino stock.
The risk of this stock being dumped is very high.
Gentlemen and Ladies, SMCI is on schedule - It was an impossibility that SMCI the absolute core of AI be left behind, especially when without it - everything overheats and with it, all woks flawlessly.
You have to bet on excellence. Irrelevant if swindlers are infesting every market there is.
From Jannet the CEO Obamanoind at Ernst Young to the low reference Hindenburg Report lead by an ambulance driver that studied English and it is not clear if the swindler graduated.
Never bet against excellence and technical expertise.
SMCI was a victim of bear raiders, now I hope these rodents be all sued and we get some money back for the financial damage. The technology and expertise is now even better, it takes these events to make companies even more resilient, and SMCI has proven its worth.
Bullish Breakout and Compliance AheadSuper Micro Computer (SMCI) is showing strong bullish momentum, with the $30 support level holding firm since November. A recent breakout from the downward trendline and a rising channel on the chart signal steady upward movement, with potential targets at $36, $42, and $46.
On the fundamental side, SMCI’s upcoming AI server releases are expected to drive significant revenue growth, keeping it competitive in the high-performance computing sector. However, recent challenges include delays in filing its FY2024 Annual Report and the resignation of Ernst & Young over governance and financial reporting concerns.
The company has formed a special committee to address these issues and plans to submit a compliance plan to Nasdaq to maintain its listing. While technicals are bullish, investors should monitor how SMCI resolves these concerns before making decisions.
Super Micro Computer (SMCI) Down 74% from All-Time High Overview:
Super Micro Computer (SMCI) has dropped 74% from its all-time high, with a maximum drawdown of approximately 86%. This sharp decline raises the question: Is the worst over, or could further downside be ahead?
Fundamental Context:
Despite the drawdown, SMCI remains a leader in the AI server market. Long-term demand for AI-related infrastructure may support future growth.
Market Sentiment:
Investor sentiment around AI and related tech stocks has shifted, contributing to SMCI's recent decline. Broader sector weakness and concerns over growth sustainability may be playing a role.
External Factors:
Broader market conditions, including interest rates, macroeconomic uncertainties, and evolving demand for AI infrastructure, are critical variables influencing the stock.
I F$CKED UP on SMCIWouldn't be fair for me to just post my winnings without showing my losses as well. Here you go, I thought SMCI would go up given some of the internal issues they had and turnaround efforts, but the downward channels seems too strong. Gentle reminder to take positions with the larger trend to avoid getting sucked in and pulled down. I already made winnings on other trades, but learning on past winnings / losers is a big part of trading!
What a cathardic experience! I feel a little cleaner now.....
Best of luck and safe trading! No risk, no reward....
SMCI - Super Micro Computer, Inc.Super Micro Computer, Inc. engages in the distribution and manufacture of information technology solutions and other computer products. Its products include twin solutions, MP servers, GPU and coprocessor, MicroCloud, AMD solutions, power supplies, SuperServer, storage, motherboards, chassis, super workstations, accessories, SuperRack and server management products. The company was founded by Charles Liang, Yih-Shyan Liaw, Sara Liu, and Chiu-Chu Liu Liang in September 1993 and is headquartered in San Jose, CA.
$SMCI LongI am loving the trendline break on $SMCI. I am in with around 1.5% of my account and already added to the position once. When I trade companies with actual products and high volume, I don't mind going in with 5-7% of my account considering they will never go bankrupt. I also like holding them for a while since the momentum is easily sustained once it gets going.
SMCI bulls comingsmci has been recently in downtrend but past 2 weeks has formed a bullish weekly candles awith bears unable to take it down. Right now it is sitting on a massive support and volume decreasing which means no sellers left. It has earning coming i believe it is ready to run to 50. I am very bullish here. If company prove its financial results are genuine then it can eaisly run to 100 ,
SMCI - Golden opportunity sitting right in front of us?We'll have to see how this one plays out but the R:R here is extremely enticing with the upside we've seen as recently as 3 months ago. Will be looking for confirmations but this might be the type of situation where I will add as we get that initial tap - because this zone we're approaching has so much liquidity built in and is primed as support.
Happy Trading :)
SMCI: Bullish Momentum Building Amid Key Resistance?This chart shows the price action of Super Micro Computer (SMCI) stock on a 1-day timeframe. Below is a detailed interpretation based on the elements present in the chart:
---
1. Price Action:
Current Price: $34.04, up +1.08% for the day.
The price has been on a downward trend previously but has made a recent "Bullish" move, which is indicated by a rally from the lows.
Resistance Levels:
Around $41.90 and higher at $66.18 (major price zones with previous selling interest).
Support Levels:
Around $33.80 and below at $20 (historical areas where buyers showed interest).
The "Discount" zone highlighted at the lower price levels suggests value buying.
2. Moving Averages:
The orange line represents the 200-day Moving Average around $66.18, which acts as a long-term resistance.
The blue line (possibly the 50-day Moving Average) around $36.52 serves as a more immediate resistance level.
3. Volume Profile:
The Volume Profile (on the right) shows areas where significant trading occurred.
The high-volume nodes around $34.00 and $41.00 indicate key price levels with significant interest.
The low-volume zones above suggest that a breakout might face less resistance.
---
4. Indicators:
Relative Strength Index (RSI) - Middle Panel:
The RSI is currently showing a bullish move:
Yellow line: Trending upwards and currently near 46.82 (neutral territory).
A move above 50 signals strength; below 50 is weak.
The recent "Bull" signal suggests potential upward momentum.
MACD (Moving Average Convergence Divergence) - Bottom Panel:
The MACD line (blue) is above the signal line (orange), which is bullish.
Histogram bars: The green bars indicate positive momentum but are starting to flatten, suggesting a slight pause in upward movement.
---
Key Observations:
1. Short-Term Bias: Slightly bullish as the indicators (RSI and MACD) are showing momentum shifting upward.
2. Resistance Levels: Watch the $36.52 and $41.90 price zones for possible rejection.
3. Long-Term Resistance: The 200-day Moving Average around $66.18 will likely act as a strong resistance.
4. Volume Support: The price is currently supported around $34, and any drop below could lead to a revisit of the discount area below $30.
---
Conclusion:
The stock appears to be attempting a recovery after a strong downward trend. Bulls need to maintain the price above $34.00 and push through $36.52 for confirmation of a reversal. Watch for volume and momentum to confirm further upward moves, while downside risks remain if the price falls below $33.80.
Bearish OverviewNASDAQ:SMCI
What we see hear is support broke, and news are influencing in this stock,
Stock is not only charts or bars but also investors trust to company,
However my forecast is up until next financial report and cleaning all bad news this stock may face volatility but has a good future based on it's last performance.
(Blue lines are lower lows)
Please share your ideas.
Thanks